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ICAI Launches 100 Facilitation Centre for MSME/GST

January 8, 2021 1923 Views 0 comment Print

ICAI launched MSME Mentorship Programme & 100 Facilitation Centre for MSME/GST during National Conclave on Empowering MSMEs towards Aatmaniarbhar Bharat to make them globally competitive.

CA Association Criticised Action & Policies of FMO after insufficient due date extension

January 8, 2021 46956 Views 11 comments Print

Chartered Accountants Association, Surat has written a letter to FM and criticized Finance Minister Office (FMO) for its Poor Actions and Policies. As per the letter Actions of FMO ultra-vires the Citizen’s Charter, Deteriorated working standards and health of the stakeholders, FMO failed in recognition of efforts put by the tax professionals, Ignoring communication with […]

DTPA Pre Budget Memorandum on Income Tax & GST Law

January 7, 2021 963 Views 0 comment Print

Union Budget is ahead and when we think of making a representation, our first humble submission is towards ‘ease of doing business, easy and stable laws and fearless atmosphere to work in a direction whereby the Country can be on the growth track at the fastest possible pace .

CBIC introduces flagship Liberalised Authorised Economic Operator Package for MSMEs

January 7, 2021 723 Views 0 comment Print

CBIC has taken a new initiative to introduce its flagship Liberalised MSME AEO Package for Micro Small and Medium Enterprises (MSMEs).

No Malpractices In CMA Exam & No Cancellation of Exam

January 7, 2021 1527 Views 0 comment Print

It has come to the notice of the Institute that some individuals and CMA groups have been circulating false propaganda containing false and fake documents in social media to create an impression in the minds of the students, members and public at large that there are malpractices going on in the conduct of Institute’s online examinations of Intermediate and Final and that the examinations are likely to be cancelled.

GST has Become Colonial Taxation System – CAIT

January 7, 2021 927 Views 0 comment Print

Confederation of All India Traders (CAIT) has said in a press release that Much against the declared spirit of GST as Good & Simple Tax, the GST has become a ‘colonial taxation system” quite away from the ground realities of business conducted in India.  Full Text of Its Press Release is as follows:- 04th January, […]

Income Tax: 11 Suggestions for Union Budget 2021-22

January 7, 2021 4596 Views 1 comment Print

CCI Professionals Forum has given a Pre Budget Memorandum to Shri Anurag Singh Thakur, Hon’ble Minister of State for Finance. In Memorandum  Suggestions for Budget 2021-22 are made. Budget 2020  is likely to be presented in Parliament on 1st February, 2021. CCI Professionals Forum (A unit of Calcutta Citizens’ Initiative) 3, Ho Chi Minh Sarani, […]

Accounting Process Outsourcing – An Insight on Major Economies

January 7, 2021 3171 Views 0 comment Print

We are happy to inform you that while continuously working towards new initiatives for promotion of professional services across the globe, the Committee has achieved a new milestone by launching a new publication – ‘Accounting Process Outsourcing’ – An Insight on Major Economies at the Virtual International Conference held from 17th December 2020 to 19th December 2020

Representation for further extension of CFSS 2020

January 5, 2021 25284 Views 2 comments Print

Due to the various ground realties the corporates have not been able to take benefit of the scheme. Therefore in these difficult times the extension of CFSS, 2020 is imperative and paying such hefty penalties & fines will not be in best interest of all stakeholders. Thus we request your good office to extend the CFSS, 2020 and other related relaxations till 31.03.2020 in the interest of all stakeholders.

Auditor cannot share client info with Credit Rating Agencies unless permitted: ICAI

January 5, 2021 7866 Views 0 comment Print

It is hereby clarified that under the provisions of Chartered Accountants Act,1949 it is not permissible to members to share client information with the CRAs, except if permitted by the Auditee client.

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