Company Law : The proposal to remove statutory audits for small companies risks eliminating independent financial scrutiny, potentially weakenin...
Income Tax : Section 119(2)(b) applications enable retirees to claim leave encashment exemption up to ₹25 lakh, condoning delays in filing re...
Income Tax : Explore significance of Rule 17AA from Finance Act, 2022, its impact on charitable institutions, compliance, and penalties for non...
Income Tax : Form 10B notified vide Notification No. 7/2023 dated 21st February 2023 is applicable from Assessment Year 2023-24 onwards i.e. fo...
CA, CS, CMA : Unlock the potential for Chartered Accountants in the field of mediation with the Mediation Act, 2023. Explore how CAs can leverag...
CA, CS, CMA : Application For Concurrent / Revenue Audit ( Year 2015-16 )- 1. Allahabad Bank invites applications in the under noted prescribed ...
CA, CS, CMA : As per CPE learning which is eligible for CPE credit for Unstructured Learning Activities(ULAs), the members are required to submi...
Income Tax : 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. ...
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...
CA, CS, CMA : Allocation of Banks and finalisation of Statutory Branch Auditors are in process. It is expected that the same shall be completed ...
Goods and Services Tax : Show cause notice was issued without scrutiny of the taxable value on which service tax was due from the appellant. He submitted t...
Income Tax : Sudha Garg Vs ITO (ITAT Delhi) The assessing officer made the assessment order u/s 147/143(3). The only issue involved in this app...
The Chartered Accountant day celebrations of 1st July 2018 are over now and more or less all the candidates for central council and regional councils have knocked the doorbells of the members of the Institute of Chartered Accountants of India by way of their declaration of candidature on this auspicious day. The elections shall be […]
Rule 46 A of the Income Tax Act is the rule related to production of additional evidence before the first appellate authority after an assessment being made by the Assessing officer.
Recently, The Governor of Uttar Pradesh promulgated `Uttar Pradesh Self-Financed schools (fee fixation) Ordinance 2018. The government had to bring the ordinance as the state Legislature was not in session. Under the Ordinance, a fee regulatory committee will be formed in every division with special powers to resolve cases relating to fee hike.
CA Amresh Vashisht, Meerut The Insurance auditors shall examine policy and liability procedures, risk valuation, tax documents, and various other financial records of insurance. It is to ensure that proper insurance rates and premiums are implemented and regulators laws are being followed by insurance companies. Claims and commissions are also the core areas to verify […]
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.
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.
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 incidents maligning the profession drastically.
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 .
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.
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 which tested the present time and quiet relevant today.
