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Revised Scheme of Education and Training for CA Course

July 7, 2015 4569 Views 0 comment Print

ICAI on 06.07.2015 announced the new Scheme of Education and Training for CA Course. Under the new scheme  ICAI allows Commerce Graduates/Post-Graduates (with minimum 55% marks) or Other Graduates/Post-Graduates (with minimum 60% marks) and Intermediate level passed students of Institute of Company Secretaries of India and Institute of Cost Accountants of India to enter directly […]

ICAI Clarification on General Amnesty Scheme

July 7, 2015 1087 Views 0 comment Print

In regard to the General Amnesty Scheme for retrospective restoration of membership which was extended upto 15th May, 2015 vide Announcement dated 5th May, 2015 on the website of the Institute, it is hereby clarified that under the said amnesty scheme, the names of only those members would be included in the List of Members as on 1.4.2015

Gist of Representations submitted by the Direct Taxes Committee of ICAI

July 6, 2015 1619 Views 0 comment Print

Submission of suggestions on forms other than ITR – ICAI was requested to submit the suggestions on forms other than ITRs. In this regard, the Committee has submitted the suggestions in two parts: a) Suggestions on Formats of Form Nos. 3CA/3CB/3CD b) Suggestions on Format of other forms like Form No. 3CEB, 10CCB, 15CA etc.

Know Your College – Which colleges and course to join

July 4, 2015 1009 Views 0 comment Print

With the time for admission to colleges having arrived, there is often confusion in the minds of students regarding which colleges to join and the courses to be taken up. To help the students make an informed decision on the choice of college and the courses, the Ministry of Human Resource Development, Government of India […]

Notification of Black Money Rules and issue of Explanatory Circular

July 4, 2015 2183 Views 0 comment Print

Notification of Black Money Rules and issue of Explanatory Circular for Compliance Window under Black Money Act The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015 (the Rules) have been notified vide notification no. G.S.R. 529 (E) dated 02-07-2015. These Rules provide the method of determination of Fair Market Value […]

Competition Commission of India (CCI) Amends its Combination Regulations

July 3, 2015 741 Views 0 comment Print

Competition Commission of India (CCI) Amends its Combination Regulations; The Proposed Amendments Provide Flexibility to Parties Regarding Signing of the Notice; Form-I Required to be Filed for Notifying Combination Revised As part of its ongoing and regular efforts to make M&A filing requirements simpler and readily acceptable to various stakeholders, the Competition Commission of India […]

CBDT notifies dates for compliance window under Black Money Act

July 2, 2015 2007 Views 0 comment Print

The Finance Minister, in the budget speech this year, had announced that a comprehensive new law to deal with black money stashed away abroad would be enacted. The Bill to enact the proposed new law was passed by the Parliament in its Budget Session. The Bill received Presidential assent and became law on 26th May, 2015.

Commencement of Electronic filing of Income Tax Returns for AY 15-16

July 2, 2015 3759 Views 0 comment Print

The Income Tax Department has released the software for preparing the Income Tax Return forms 1- SAHAJ, 2, 2A and 4S- SUGAM for AY 2015-16. The e-filing of these return forms has been enabled on the e-filing website- https://incometaxindiaefiling.gov.in/

ICAI President's Message – July 2015

July 2, 2015 868 Views 0 comment Print

Dear Friends, I extend my heartfelt warm regards and wishes to all of you on the eve of Chartered Accountants’ Day, which we celebrate every year on 1st July. However, we shall celebrate this Day to celebrate the fearlessness, integrity and ever-vigilant consciousness that are the integral aspects of Indian chartered accountants’ character. It was […]

ICAI Relaxes requirement of completing Advanced Course on Information Technology Training

July 2, 2015 1671 Views 0 comment Print

It was brought to the notice of the Council that a number of students who are otherwise eligible for appearing in the Final Examination effective from November, 2015, are not able to complete the said Course because of certain reasons beyond their control.

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