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Exposure Drafts of Revised SA 800, SA 805 and SA 810 for comments

July 11, 2018 3906 Views 0 comment Print

Exposure Drafts 1. SA 800 (Revised), Special Considerations – Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks 2. SA 805 (Revised), Special Considerations – Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement 3. SA 810 (Revised), Engagements to Report on Summary Financial Statements (Last date […]

Key Features of New TDS / TCS Return Preparation / File Validation Utility

July 11, 2018 3696 Views 0 comment Print

Key Features — Return Preparation Utility (RPU) version 2.3 ♥ A new column for ‘Deduction under Section 16 (ia)’ is added under Annexure II (i.e. Salary details) for Form 24Q-Q4 The above referred deduction is applicable for Regular and Correction statements for Form 24Q-Q4. Deduction under Section 16 (ia) will be applicable for statements pertaining […]

Exposure Draft of Ind AS 19 Employee Benefits for comments

July 11, 2018 2006 Views 0 comment Print

Following is the Exposure Draft of the Accounting Standard (AS) 19, Employee Benefits, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments.

Draft proposals for amending GST Laws

July 10, 2018 19587 Views 9 comments Print

Draft proposals for amending GST Laws is published on (relevant web page) for comments of the stakeholders till 15.07.2018. In CGST Act, 2017 Amendments are proposed in Definitions, Provisions related to Supply, Levy and Collection, Composition Scheme, Time and Value of Supply,Input Tax Credit, Registration, Tax Invoice, Credit and Debit Notes, Returns, GST Practitioner, Payment […]

Unique Document Identification Number (UDIN) for Practising CAs

July 10, 2018 87507 Views 3 comments Print

UDIN: An Advanced Solution for Document Verification-  Unique Document Identification Number (UDIN) is a unique number which is to be generated for every document certified /attested by practicing Chartered Accountants and will be registered with UDIN Portal at https://udinical.org (with effect from 1st July, 2018). UDIN aims to address the concern of documents/certificates issued by […]

RJio’s Optical Fibre Roll-Out to be Market Disruptive for MSOs & DTH Players

July 9, 2018 1107 Views 0 comment Print

India Ratings and Research (Ind-Ra) believes that the launch of JioGigaFiber, a fibre-based broadband service for homes and businesses, by Reliance Industries Limited (‘IND AAA’/Stable) has the potential to disrupt the retail broadband segment and open up new digital avenues for the enterprise broadband segment.

FICCI Survey on One year of GST

July 8, 2018 5142 Views 1 comment Print

FICCI conducted a survey of enterprises on completion of one year of GST implementation, seeking their views on impact of this major reform, besides gauging insights and views on some of the key issues and challenges that were or are being faced by enterprises post implementation of GST.

Breaking: Law Commission not Recommended Legalisation of Gambling & Sports Betting

July 7, 2018 1383 Views 0 comment Print

It has been strongly and categorically recommended that legalising betting and gambling in India in the present scenario is not desirable, and that a complete ban on unlawful betting and gambling must be ensured.

1st Overseas Campus Placement for CAs

July 7, 2018 4290 Views 0 comment Print

ICAI is organizing 1st Overseas campus placement for our members desirous of taking up employment abroad/trans‐nationals invested in India. The campus programme is open to all levels – entry, middle and top management. It may please be noted that there is no cost for the participating organizations or for the candidates.

Indian Accounting Standards (Ind AS): Impact Analysis and Industry Experience

July 7, 2018 4494 Views 0 comment Print

We are pleased to note that efforts in implementing this high quality Ind AS Framework have begun to make desired impact on the quality of financial information of Indian companies.

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