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Whether we are moving the LIFE or our LIFE is just moving

“Main Samay Hoon” we all understand the meaning of this three words and the importance of this words and if not, then COVID19 has shown who is more powerful, “WE” or “Time (Samay)”. There is no doubt that hearing this “Main Samay Hoon” itself gives the whole meaning to what is Life, what is the […]...

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Posted Under: CA, CS, CMA |

Meditation Magic – My Experience with Meditation

Meditation is a magic. It makes terrific changes in anybody. Meditators achieve everything which they desired in life. Not even its benefit limited to them, it creates such an aura that all connected persons get benefited. It is a motivation to do good for others. It helps them in evolve. Being a meditation practitioner, I […]...

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Posted Under: CA, CS, CMA |

Audits of Financial Entity in COVID-19

Audits of financials, now a day, are on peak if we talk about it comparing with last financial year. But this year, AGM are already postponed, Tax audits dates are further increased to 30th Nov 2020 surely gonna extended further to the month of December. Market condition is not stable these days....

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Posted Under: CA, CS, CMA |

How to Prepare for CA CS CMA Examination – Plan, Tips & Strategy

1. Find out what’s in the exam First of all, figure out the length of your course content and prepare yourself mentally. 2. Study Material Try and develop a sense to figure out excess study material from the exam point of view and cross that material immediately in your book. Study Material provided by the […]...

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Posted Under: CA, CS, CMA |

Company compliance checklist due to COVID for FY 2019-20

Company compliance checklist due to COVID for FY 2019-20 for Private/Public Limited Companies, Foreign Companies (With FTC in their CIN), Project Office, Liason Office/Branch Office and NBFCs for Compliances under Companies Act, 2013, Income Tax Act, 1961 and FEMA. Compliance checklist – FY: 2019-20 S. No. Particulars Act Form to be...

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Posted Under: CA, CS, CMA |

Hassle Free ITR Filing In Case of Future & Option Trading

Taxpayers often receive many defective return notices from CPC in case of  having business income in the form of future and option trading income regarding non -filing of balance sheet and profit and loss account or for wrong compliance of Tax Audit u/s 44AD/44AE/44ADA . This article shall try to flag off all the confusions regarding tax...

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Posted Under: CA, CS, CMA |

Regulatory Updates for the month of June 2020

SEBI, vide circular dated June 09, 2020, has eased out the conditions related to Fast Track Further Public Offer (FPO) as contained in the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations)...

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Posted Under: CA, CS, CMA |

‘Going Concern Concept’ during Pandemic times

Going Concern is a concept where the continuity of a business organisation is assessed. Up until now, we were least bothered by this concept as this was taken for granted. With the present Covid19 crisis, the basic fundamentals of business existence itself has changed and standards relating to going concern are becoming suddenly relevant ...

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Posted Under: CA, CS, CMA |

Indian Accounting Standard 116 – ‘Leases’

Brief overview The Ministry of Corporate Affairs (MCA) notified Ind AS 116 – ‘Leases’ on March 30, 2019 to come into force on April 01, 2019. Ind AS 116 replaces the current guidance on lease accounting in Ind AS 17. What is a Lease? A lessee may elect not to apply Ind AS 116 for […]...

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Posted Under: CA, CS, CMA |

“Choose Wisely”..!!

This discussion is majorly focused on our newly enrolled chartered accountants who have recently cleared CA final and are still in a dilemma what to do next. It’s never easy to choose the path for our professional career. We need to stay focused on the path and do not derail from our track. There are […]...

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Posted Under: CA, CS, CMA |