CA Amresh Vashisht

NFRA- Stunned ICAI Members

CA, CS, CMA - The Union Cabinet on 1st March 2018 approved the establishment of much awaited NATIONAL FINANCIAL REPORTING AUTHORITY. This created one post of Chairperson and three posts of Full Time Members against a provision of fifteen members in law and one Secretary for NFRA. ...

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More Heat than Light on CA Profession

CA, CS, CMA - It is not uncommon these days to hear expressions of grave concern within our profession about losing the dignity of the profession and a general decline in intra profession courtesy. At the same time, leaders of our Government are criticizing our profession for inefficiency and not delivering the result at par with their expectations. ...

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6 Latest Instances Maligning an Honourable Profession of CA

CA, CS, CMA - There are a number of issues directly linked to maligning the image of Chartered accountants which started from Satyam , Reddys, Lodhas and we are being found mediatory in almost all the cases of bribes caught red-handed by the enforcement agencies. However, an attempt is being made here through this article to look for the last six incid...

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GST on Educational Services and Entities U/S 12AA

CA, CS, CMA - Services provided by entity registered under Section 12AA of the Income-tax Act, 1961 by way of charitable activities are exempted from whole of GST vide entry No. 1 of the Notification No.12/2017-Central Tax (Rate) dated 28th June 2017 . ...

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Spiritual Dailogue on CA life

CA, CS, CMA - CA:- Why has life become complicated now after GST? Answer:- Stop analyzing life... It makes it complicated. Just live it.Just see the daily changes in GST portal and schema of Tax Audits.Be positive and relax....

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Allahabad Bank – Empanelment for Concurrent & Revenue Audit

CA, CS, CMA - Application For Concurrent / Revenue Audit ( Year 2015-16 )- 1. Allahabad Bank invites applications in the under noted prescribed format from practicing firms of Chartered Accountants of India who are willing to have their firm empanelled as Concurrent / Revenue Auditor in the Bank....

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Today is last day to submit form to secure Unstructured CPE learning Hours

CA, CS, CMA - As per CPE learning which is eligible for CPE credit for Unstructured Learning Activities(ULAs), the members are required to submit their Self-declaration in the form enclosed once in a year before 31st May, to avail the CPE Hours Credit for the ULAs undergone by them in the previous year. These forms would have to be submitted to the con...

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Soon you will be able to Download your TDS Certificate online; Deductor will not be required to issue manually

CA, CS, CMA - Under the new scheme Form 16/16A shall not be issued manually. A deductor shall download Form No. 16/16 A from the online system. The generation of firm 16/16A shall be based on the Form 26Q submitted by the Deductor. The tax credit shall be directly linked to the submission of TDS Returns. Every 16 /16A Form shall also have a unique Numb...

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Afresh attempt of ICWAI to rename its organisation to ICMAI fumes ICAI

CA, CS, CMA - ICAI has expressed its serious concern to rename the ICWAI body to a name identical to Institute of Chartered Accountants of India. The matter of renaming Institute of Cost & Works Accountants of India proposed to name Institute of Cost & Management Accountant of India has been resurfaced again because of sub-clause II of clause (i) of Se...

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Appointment of statutory auditor for Public sector bank for 2009-10

CA, CS, CMA - Allocation of Banks and finalisation of Statutory Branch Auditors are in process. It is expected that the same shall be completed by the end of first week of March.As you know there are 26 public sector banks and like previous year Fifteen banks shall opt for autonomy .But in practical ,there will not be change of any policy as these Bank...

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Recent Posts in "CA Amresh Vashisht"

NFRA- Stunned ICAI Members

The Union Cabinet on 1st March 2018 approved the establishment of much awaited NATIONAL FINANCIAL REPORTING AUTHORITY. This created one post of Chairperson and three posts of Full Time Members against a provision of fifteen members in law and one Secretary for NFRA. ...

Read More

More Heat than Light on CA Profession

It is not uncommon these days to hear expressions of grave concern within our profession about losing the dignity of the profession and a general decline in intra profession courtesy. At the same time, leaders of our Government are criticizing our profession for inefficiency and not delivering the result at par with their expectations. ...

Read More

6 Latest Instances Maligning an Honourable Profession of CA

There are a number of issues directly linked to maligning the image of Chartered accountants which started from Satyam , Reddys, Lodhas and we are being found mediatory in almost all the cases of bribes caught red-handed by the enforcement agencies. However, an attempt is being made here through this article to look for the last six incid...

Read More

GST on Educational Services and Entities U/S 12AA

Services provided by entity registered under Section 12AA of the Income-tax Act, 1961 by way of charitable activities are exempted from whole of GST vide entry No. 1 of the Notification No.12/2017-Central Tax (Rate) dated 28th June 2017 . ...

Read More

Spiritual Dailogue on CA life

CA:- Why has life become complicated now after GST? Answer:- Stop analyzing life... It makes it complicated. Just live it.Just see the daily changes in GST portal and schema of Tax Audits.Be positive and relax....

Read More

Enroute Article 360 – Demonetisation to Democratization

Exactly 68 years ago in the same month of October 1949 , The constituent assembly was discussing the article of the constitution giving power to the President of India to declare the financial emergency in the country. The ultimate result on the financial emergency finally placed uner Article 360. The said discussion started by a note w...

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IDS 2016: Who Will Have The Last Laugh?

When, the Income Disclosure scheme,2016 under the domain of Ministry of Finance began it swiftly became clear that the government is in serious business of tackling the black money within the boundaries of sovereign INDIA....

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Extend date for CAG empanelment of Chartered Accountant firms

The empanelment process of Chartered Accountant firms (firm) and Limited Liability Partnership firm (LLP) for allotment of audit of Public Sector Undertakings/Statutory Corporations for the year 2016-17. The desired firms were allowed to fill the online forms till 15th February 2016....

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CBDT December excellent moves shall have a morale boosting effect on Tax Practice

In the month of December, CBDT has shown some excellent moves towards a flow less tax assessment regime. The moves are encouraging and laudable. It clearly establishes that CBDT has finally decided to take on the obstacles in the field of assessment proceedings. This is also adorable at the part of the Finance Ministry to roll down the an...

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C&AG Empanelment Ranking Points Policy & Conditions

The comptroller and auditor general of India office have recently invited applications from the Chartered accountants Firms/ LLP for the year 2015-16. The online application format shall be available from 1st January 2016 to 15th February 2016; the firms/LLPs can apply/update the data showing the status of their firms as on 1st January 20...

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