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ICSI to implement eCSIN and UDIN w.e.f 1st October, 2019

1. Letter dated 17th June, 2019 received from MCA regarding difficulty in filing Form INC 22A (ACTM). 2. Implementation of Employee Company Secretary Identification Number (eCSIN) Guidelines. 3. Implementation of Unique Document Identification Number (UDIN) Guidelines....

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Posted Under: CA, CS, CMA |

Tax Deducted at Source under Section 194M of Income Tax Act, 1961

As the Announcement under UNION BUDGET 2019 had proposed a new section 194 M of the Income Tax Act,1961, which requires an Individual or an HUF, to deduct TDS @5%, where they make payment which exceeds Rs. 50 lakh in a year to a contractor or to a professional. Any Person Other than Those who […]...

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Posted Under: CA, CS, CMA |

Exposure drafts of ASLB 21, ASLB 26 and ASLB 32

Exposure drafts of ASLB 21, ‘Impairment of Non-Cash Generating Assets’, ASLB 26, ‘Impairment of Cash Generating Assets’ and ASLB 32, ‘Service Concession Arrangements: Grantor’ – (12-07-2019) The Institute of Chartered Accountants of India (ICAI), as a partner in nation building, has been taking va...

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Posted Under: CA, CS, CMA |

How to create First Time Login ID on SSP Portal of ICAI with FAQs

User Manual for ‘First Time Login ID creation in SSP Portal for Existing Member for ICAI’ This User Manual is intended for already registered members who want to create a login ID on the new Self Service Portal or are not able to login. Step 1: Please go the website ICAI.org. Once there, please click […]...

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Posted Under: CA, CS, CMA |

Result date of Common Proficiency Test (CPT) held in June 2019

Results of the Common Proficiency Test (CPT) held in June 2019 are likely to be declared on Thursday, the 18th July 2019. – (11-07-2019) THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA [Set up by an Act of Parliament] July 11, 2019 IMPORTANT ANNOUNCEMENT The results of the Common Proficiency Test (CPT) held in June 2019 […]...

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Posted Under: CA, CS, CMA |

ICAI objects to reporting of sacked chairman of J&K Bank as CA by TOI & Amar Ujala

ICAI vide its letter dated 08th July 2019 objected to News Item titled ‘Parvez par aniyamittaon ka bhari bharkam bojh’ published in Amar Ujala, Jammu on June 10, 2019 and News Item titled ‘Sacking of J&K Bank head opens up a can of worms’ published in The Times of India dated June 10, 2019. Text […]...

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Posted Under: CA, CS, CMA |

Amendments to IFRS 17, Insurance Contracts

In this Exposure Draft, the International Accounting Standards Board (Board) proposes targeted amendments to IFRS 17 Insurance Contracts, issued in May 2017 to respond to concerns and challenges raised by stakeholders as IFRS 17 is being implemented....

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Posted Under: CA, CS, CMA |

Appointment of CS Mandatory for Strengthening Governance Framework

ICSI being the parent organization of Governance professionals in India believes in having strong credentials in corporate governance. Improving the level of transparency and accountability shall go a long way in strengthening the Corporate governance framework of the nation...

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Posted Under: CA, CS, CMA |

ICAI celebrates Platinum Jubilee & 70th Chartered Accountants Day

The 70th Chartered Accountants Day of ICAI was celebrated today i.e. on July 1st all across the country with great enthusiasm and zeal. July 1st is a landmark day in the history of ICAI as on this day ICAI was set up to regulate the Profession of Chartered Accountancy in India in the year 1949. This CA Day was more special as the Institut...

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Posted Under: CA, CS, CMA |

UDIN mandatory from 1st July, 2019 for all Audit/Assurance/Attest function

Unique Document Identification Number (UDIN) being made mandatory from 1st July, 2019 for all Audit/Assurance/Attest function – (01-07-2019) It has been noticed by the Institute of Chartered Accountants of India that Financial Documents / Reports / Certificates are being signed by Non-CAs misrepresenting themselves as CA Members t...

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Posted Under: CA, CS, CMA |