CA, CS, CMA

Simple Version of IND-AS-16 & IAS 16-Property, Plant & Equipment

A SIMPLE VERSION OF INDAS-16 AND IAS 16 -PROPERTY,PLANT AND EQUIPMENT The relevant Accounting Standards relating to Property, Plant and Equipment are the following:- 1. AS-6, AS-10 2. INDAS-16 3. IAS-16 There is no major difference between INDAS-16 AND IAS-16.So the following details relate to both INDAS-16 and IAS-16. Property, Plant and...

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CA Result Negative -So What ?

CA Result out yesterday. I know those who have cleared, there were tremendous happiness and it should be. It’s a life time achievement. However, those who have not cleared yet like mine have number of feelings like sorrow, guilt and many more. Not getting cleared means not a failure at all. Failure happens when you […]...

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A Quick Snapshot of AS/IND-AS/IFRS

A Quick  Snapshot of Concepts of AS/IND-AS/IFRS  Accounting standards deal with recognition of events and transactions, measurement of transactions and events, presentation of transactions and events and disclosure requirements. In India ICAI issues accounting standards on the relevant subject for non-corporate bodies and The Central Go...

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Analysis on accounting of interest free demand loans received under Ind AS / IFRS

Accounting of Interest free demand loan given by One Company to Other Company which may or may not be related party- Entity generally advances various demand loans / Inter Corporate Deposits (ICDs) to various parties on commercial terms and sometime entities does not charge any interest or charge an interest, which is below market rate....

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Get CA Exam Answer Sheet copies at Rs. 2 per page under RTI

Now CA students and members get Answer Sheet copies at Rs. 2 per page under RTI : Supreme Court Orders! RTI Act is the most revolutionary act for setting out the practical regime of Right to Information, the 3 Key building pillars behind the act are Responsibility, Transparency and Accountability, which empowered Indian Citizens to [&hell...

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Consider introduction of CSR Compliance Certificate by CS in Practice: ICSI

We request you to kindly consider introduction of CSR Compliance Certificate by a Company Secretary in Practice, independent professional and reporting thereof in a dedicated format in form of CSR Compliance Certificate....

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ICSI suggests introduction of CSR Compliance certificate

Kindly consider introduction of CSR Compliance certificate by an Company Secretary in Practice, independent professional and the reporting thereof in a dedicated format in the form of CSR Compliance Certificate which shall be attached with the e-form for CSR. Also, we would like to suggest that initially obtaining the said CSR Compliance ...

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E-Tender for Appointment of Concurrent Auditor with RBI, Bhopal

E-Tender for Appointment of Concurrent Auditor for the year 2019-20 w.e.f. October 01, 2019 to September 30, 2020 by Reserve Bank of India, Bhopal...

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BSNL invites tender for appointment of CA Consultant

Digitally Sealed Expression of Interest (EOI) is invited by Chief General Manager, MH Telecom Circle, BSNL Mumbai- 400054 for hiring of professional CA Consultants for Accounts and Taxation wing of BSNL Maharashtra Telecom Circle Office from prospective Chartered Accountants/CA Firms, as per eligibility conditions in the bid documents and...

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ICSI requests introduction of CSR Audit / CSR Review mechanism

An independent CSR Audit/ Review and issue of CSR Audit/Review Report by the Company Secretaries in Practice shall not only give the existing CSR mechanism much needed support and give necessary comfort to the stakeholders, regulators and the society at large that the companies are Complying with the legal requirements but will also give ...

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Revisiting Classic Decisions-#1- Global payment solution provider MasterCard has a PE in India: AAR

In re MasterCard Asia Pacific Pte. Ltd. (GST AAR Delhi) - To create a PE, one has to pass the three tests of: permanency, a fixed place and disposal. All the three tests are satisfied and hence MIPs act as PE of the applicant. We hold that significant activities relating to clearance and settlement take place in India. Detailed analysis of Galileo judgem...

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Misconduct if a CA indulge in other business without permission

Yogendra N. Thakkar Vs Board of Discipline (Appellate Authority) - Appellant in this case was actually involved in the business of the company and he formed this company along with his family members in order to venture into a new business apart from the profession of chartered accountancy. The Appellant did indulge in the business without the permission of the Cou...

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Fees for certified copies sought under RTI cannot be charged under CS Act, 1980

ICSI Vs Paras Jain (Supreme Court of India) - Avenue for seeking certified copies as well as inspection is provided both in the Right to Information Act and in Company Secretaries Act, 1980. We are cognizant of the fact that guidelines of the appellant, framed by its statutory council, are to govern the modalities of its day-to­day concerns an...

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CS found guilty of filing Compliance Certificate without Due Diligence

Shri Rajev M. Bhingarde Vs Shri Hemant S. Shetye - Shri Rajev M. Bhingarde Vs Shri Hemant S. Shetye (Disciplinary Committee, ICSI) Disciplinary Committee after considered all the material on record, the nature of issues involved and in the totality of the circumstances of the case and the Respondent pleaded guilty only to the charge of not exercisin...

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Order on quantum of Punishment without providing opportunity of being heard is invalid

Gayathri Pasarakayala Vs Disciplinary Committee (ICSI Appellate Authority) - Gayathri Pasarakayala Vs Disciplinary Committee (ICSI Appellate Authority) It is clear that the Disciplinary Committee has not followed the due procedure as prescribed statutorily as no opportunity of being heard was provided to Ms. Gayathri Pasarakayala on the question of quantum of punishment irre...

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BSNL invites tender for appointment of CA Consultant

Digitally Sealed Expression of Interest (EOI) is invited by Chief General Manager, MH Telecom Circle, BSNL Mumbai- 400054 for hiring of professional CA Consultants for Accounts and Taxation wing of BSNL Maharashtra Telecom Circle Office from prospective Chartered Accountants/CA Firms, as per eligibi...

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Time Table of CA Final / IPC / Foundation / Intermediate Exams

Notification No. 13-CA (EXAM)/N/2019 - (14/08/2019) - ICAI declares Schedule of examination to be held in November 2019 for next Chartered Accountants Foundation Course {Under New Scheme}, Intermediate (IPC) {Under Old Scheme}, Intermediate {Under New Scheme} and Final {Under Old & New Scheme} Examinations, Examinations in Post Qualification Course...

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Draft Company Secretaries (Amendment) Regulations, 2019

Notification No. 710/1(M)/1 - (06/08/2019) - The following draft of certain regulations, further to amend the Company Secretaries Regulations, 1982 which the Council of the Institute of Company Secretaries of India proposes to make, in exercise of the powers conferred by sub-section (1) of section 39 of the Company Secretaries Act, 1980 (56 of...

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E-Tender for Appointment of Concurrent Auditors by RBI

E-Tender for Appointment of Concurrent Auditors for the year 2019-20 w.e.f. October 01, 2019 to September 30, 2020 by Reserve Bank of India, HRMD, CO cluster and CSBD, CO....

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ICAI notifies guideline for Mandatory issue of UDIN

Notification No.1-CA(7)/192/2019 - (02/08/2019) - A member of the Institute in practice shall generate Unique Document Identification Number (UDIN) for all kinds of the certification, GST and Tax Audit Reports and other Audit, Assurance and Attestation functions undertaken/signed by him which made mandatory from the following dates through announce...

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Recent Posts in "CA, CS, CMA"

Consider introduction of CSR Compliance Certificate by CS in Practice: ICSI

We request you to kindly consider introduction of CSR Compliance Certificate by a Company Secretary in Practice, independent professional and reporting thereof in a dedicated format in form of CSR Compliance Certificate....

Read More
Posted Under: CA, CS, CMA |

ICSI suggests introduction of CSR Compliance certificate

Kindly consider introduction of CSR Compliance certificate by an Company Secretary in Practice, independent professional and the reporting thereof in a dedicated format in the form of CSR Compliance Certificate which shall be attached with the e-form for CSR. Also, we would like to suggest that initially obtaining the said CSR Compliance ...

Read More
Posted Under: CA, CS, CMA |

E-Tender for Appointment of Concurrent Auditor with RBI, Bhopal

E-Tender for Appointment of Concurrent Auditor for the year 2019-20 w.e.f. October 01, 2019 to September 30, 2020 by Reserve Bank of India, Bhopal...

Read More
Posted Under: CA, CS, CMA |

BSNL invites tender for appointment of CA Consultant

Digitally Sealed Expression of Interest (EOI) is invited by Chief General Manager, MH Telecom Circle, BSNL Mumbai- 400054 for hiring of professional CA Consultants for Accounts and Taxation wing of BSNL Maharashtra Telecom Circle Office from prospective Chartered Accountants/CA Firms, as per eligibility conditions in the bid documents and...

Read More

ICSI requests introduction of CSR Audit / CSR Review mechanism

An independent CSR Audit/ Review and issue of CSR Audit/Review Report by the Company Secretaries in Practice shall not only give the existing CSR mechanism much needed support and give necessary comfort to the stakeholders, regulators and the society at large that the companies are Complying with the legal requirements but will also give ...

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Posted Under: CA, CS, CMA |

Last date to submit Online MEF Form is 4th September, 2019

We are pleased to inform that Multipurpose Empanelment Form (MEF) Application for the year 2019-20 is available for filling with following key highlights: 1. Applicants registered for MEF 2018-19 have to simply login with MEF 2018-19 credentials. 2. Most of fields are pre-filled and auto-populated from Institute’s records or last year...

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Posted Under: CA, CS, CMA |

CA Intermediate Examination May 2019 Result on August 24, 2019

Result of Chartered Accountants Intermediate Examination (Old Course & New Course) held in May 2018 are likely to be declared on Sunday, 29th July 2018 ...

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Posted Under: CA, CS, CMA |

Exposure Draft of SIA 350, Review and Supervision of Audit Assignments

Exposure Draft of Standard on Internal Audit (SIA) 350, Review and Supervision of Audit Assignments (Comments to be received by September 14, 2019) EXPOSURE DRAFT STANDARD ON INTERNAL AUDIT (SIA) 350 REVIEW AND SUPERVISION OF AUDIT ASSIGNMENTS The Internal Audit Standards Board of the Institute of Chartered Accountants of India (ICAI) inv...

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Posted Under: CA, CS, CMA |

Exposure Draft of SIA 390, Monitoring and Reporting of Prior Audit Issues

Exposure Draft of Standard on Internal Audit (SIA) 390, Monitoring and Reporting of Prior Audit Issues (Comments to be received by September 14, 2019) EXPOSURE DRAFT STANDARD ON INTERNAL AUDIT (SIA) 390 MONITORING AND REPORTING OF PRIOR AUDIT ISSUES The Internal Audit Standards Board of the Institute of Chartered Accountants of India (ICA...

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Posted Under: CA, CS, CMA |

Exposure Draft of Standard on Internal Audit (SIA) 120, Internal Controls

Exposure Draft of Standard on Internal Audit (SIA) 120, Internal Controls (Comments to be received by September 14, 2019) Exposure Draft of Standard on Internal Audit (SIA) 120, Internal Controls* The Internal Audit Standards Board of the Institute of Chartered Accountants of India (ICAI) invites comments on Standard on Internal Audit (SI...

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Posted Under: CA, CS, CMA |

Latest ICAI , ICSI, CMA News

Chartered Accountants or Company Secretaries , Cost Accountants are a group of extraordinary people. Wherever they go, they bring difference. They’re talented, ambitious and are in demand. If you are thinking about a career which offers respect, prestige, great financial rewards, and better prospects becoming a Chartered Accountant, Cost Accountnat  or a Company Secretary is a perfect way to start. For becoming a CA, CMA or a CS you need to qualify the CA exam, CMA exam and the CS exam respectively. The CA, CMA and CS qualifications are exceptional prestigious and internationally respected which would offer you the skills, knowledge, and values to be a sought after business professional. The CA, CMA and CS qualifications comprises of relevant professional study and practical experience. The ICAI (Institute of Chartered Accountants of India) is the empowering body for Chartered Accountants in India, The ICAI (The Institute of Chartered Accountants of India )  for Cost Accountantgs in India and the ICSI (Institute of Companies Secretaries of India) is the regulating body of Company Secretaries in India. At Taxguru, we provide you with all the latest updates and announcement with respect to CA exam, CMA Exam and CS exam. Find all the latest news on ICAI and all the relevant updates related to CPT exam, IPCC and Finals. Get to know what’s new and what trending in the world of CS, CMA with all the latest news on ICSI, CMA here at Taxguru. At Taxguru, we publish blogs and articles at regular intervals for the enlightenment of our readers who are pursuing CA, CMA or CS or have completed the esteemed professional course. We ensure that we bring you all the latest insights and guidance in your journey towards your goal to achieve success in CA, CMA and CS exams. We keep you posted on all important and significant ICAI news and ICSI news and ensure to keep updated with the trending information from the world of these profound professions.