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ICAI postpones CA Examinations, May 2020

Chartered Accountant Examinations scheduled from 19th June 2020 to 4th July, 2020* stand rescheduled and the said examinations shall now be held from 29th July 2020 to 16th August, 2020 as per details given below....

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Posted Under: CA, CS, CMA |

Expert panel formed to address statutory bank branch audits queries

Auditing and Assurance Standards Board – Online Panel of Experts for Addressing Bank Branch Audit Related Queries for Financial Year 2019-20 – (02-05-2020) AUDITING AND ASSURANCE STANDARDS BOARD CONSTITUTES ONLINE PANEL OF EXPERTS FOR ADDRESSING BANK BRANCH AUDIT RELATED QUERIES FOR THE FINANCIAL YEAR 2019-20 Dear Members, The ban...

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Posted Under: CA, CS, CMA |

Draft Guidance Note on Accounting by E-commerce & Cloud Computing Companies

This Guidance Note deals with accounting by e-commerce and cloud-computing companies in respect of certain issues relating to revenue and expense recognition. Some of the accounting issues in e-commerce and cloud-computing companies have arisen due to the new business models being used in such Some accounting issues, such as those relati...

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Posted Under: CA, CS, CMA |

GSTN ensured ‘Business as Usual’ for GST Helpdesk amid Lockdown

During lockdown, the GST Helpdesk was fully operational and running smoothly through its Toll-free number from 9AM to 9PM serving in 12 languages. The Goods and Services Tax Network (GSTN) with its Helpdesk service partner TechM created a secured virtual environment through next generation and robust technology for their Helpdesk employee...

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Posted Under: CA, CS, CMA |

ICSI Requests MCA for Relaxations from Company Law Compliance

The Institute of Company Secretaries of India (ICSI) on 30th April, 2020 has made a Request to Shri Injeti Srinivas, IAS Secretary Ministry of Corporate Affairs, for relaxations in the provisions of the Companies Act, 2013 due to COVID-19 Due to COVID-19 outbreak and lockdown situation prevailing in the Country, various provisions of the ...

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Posted Under: CA, CS, CMA |

Representation to reduce TDS rate on Professional Fees to 2%

A representation is been made to CBDT Chairman by leading accounting and CA Organisations of India  and it is been requested that current rate of 10% under section 194J of the Act should be reduced to 2% and to Prioritise issue of lower/ nil withholding tax certificates under section 197 of the Act. Full text […]...

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Posted Under: CA, CS, CMA |

Postponement of CMA Examinations for June, 2020 Term

Institute of Cost Accountants of India has decided to postpone the examinations for June, 2020 term due to outbreak of Novel Coronavirus (COVID-19) and subsequent lockdown situation in the country. The Foundation, Intermediate and Final examinations that were scheduled from 11th- 18th June, 2020 will now commence from 20th July, 2020....

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Posted Under: CA, CS, CMA |

Guidelines for Funding for Research Studies on Corporate Governance

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NEW DELHI-110 003 Phone : 011-24698970, Fax : 24698972 NANDITA MISHRA Economic Adviser D.O. No. 361/4/2020-R&A Dated: 29.04.2020 Greetings from Ministry of Corporate Affairs. Hope you are all safe in these unprecedented difficult times that the world is seeing now. Taking matter forw...

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Posted Under: CA, CS, CMA |

EPFO makes filing of ECR easier for business

In the current scenario of lockdown announced by the Govt. to control the spread of COVID-19 pandemic and other disruptions, the businesses and enterprises are not able to function normally and are facing liquidity / cash crunch to pay their statutory dues even though they are retaining the employees on their rolls....

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Posted Under: CA, CS, CMA |

Discussion Paper Business Combinations—Disclosures, Goodwill & Impairment

Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment issued by the IASB for comments The implementation of high quality Indian Accounting Standards (Ind ASs) by Indian Companies is a monumental step in the accounting history of India. The Institute of Chartered Accountants of India (ICAI) believes that Ind AS Fr...

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Posted Under: CA, CS, CMA |

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