ICAI to provide free Accounting Software for CA & CA Firms in association with Hostbooks Gurgaon based FinTech Company HostBooks has signed a Memorandum of Understanding (MoU) with The Institute of Chartered Accountants of India (ICAI), the national professional accounting body to encourage the use of technology and automation among chartered accountants, which will help […]
REDUCE COST AND TIME EASE OF DOING BUSINESS A Bouquet of Services with SPICE+ :- > Incorporation > DIN allotment > Issue of PAN > Issue of TAN > Issue of EPF, ESI Number > Allotment of GSTN (If selected) > Mandatory opening of Bank Account As a part of Government’s Ease of Doing Business […]
The Institute of Chartered Accountants of India (ICAI) elected its new President CA. Atul Kumar Gupta & Vice-President CA. Nihar Niranjan Jambusaria on February 12, 2020. The new President & Vice-President addressed the media & interacted with them on February 13, 2020 at New Delhi. During the interaction, the President shared the following initiatives undertaken […]
In order to further increase digital collection of user fee via FASTag at NH fee plazas, National Highways Authority of India (NHAI) has decided to waive off the FASTag cost of Rs.100/- for NHAI FASTag between 15th and 29th February, 2020. Road users can visit any authorised physical point-of-sale locations with a valid Registration Certificate […]
Facts related to filing of Annual Return (GSTR-9 & 9C) for the year 2017-18 (Status as on 12th Feb 2020) Category No. of Taxpayers % age Taxpayers who are mandated to file GSTR-9 12.42 lakhs -‑ Out of 12.42 lakhs, taxpayers who have filed GSTR-3B & GSTR 1 9.98 lakhs 80.3% Out of 9.98 lakhs, […]
ICAI elects New Torchbearers – CA. Atul Kumar Gupta elected as President, & CA. Nihar Niranjan Jambusaria as Vice-President of ICAI for the year 2020-21. CA. Atul Kumar Gupta, President ICAI- 2020-21 A man with astute intellect and quick understanding and sharp vision, CA. Atul Kumar Gupta has been elected as President of The Institute […]
Certain misinformation is being circulated in Social Media pertaining to individual return filers. CBDT clarifies: During the current financial year, 5.78 crore individuals filed returns disclosing income of financial year 2018-19 Out of these, 1.03 crore individuals have shown income below Rs 2.5 lakh & 3.29 crore individuals disclosed taxable income between Rs.2.5 lakh to […]
Searches conducted by the Income Tax Department lead to detection of unaccounted income of more than Rs. 2000 crore. Income Tax Department carried out Search and Seizure action on 6th February 2020 at Hyderabad, Vijaywada, Cuddapah, Vishakhapatnam, Delhi and Pune. More than 40 premises were covered.
ICRICT: The OECD’s proposed reform will fail to generate meaningful additional tax revenue, especially for developing countries Today, the OECD has presented its impact analysis of its proposed reform to address the tax avoidance by multinational corporations. If ambitious enough, it could bring a significant change to century old international tax rules unfit for the […]
Educational Material on Indian Accounting Standards 20, Accounting for Government Grants and Disclosure of Government Assistance Ind AS 20 is to be applied in accounting for, and in the disclosure of, government grants and in the disclosure of other forms of government assistance. This Educational Material on Ind AS 20, Accounting for Government Grants and […]
