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GST draft Rules and Formats released

GST draft Rules and Formats released Changes in the Model GST Law are being carried out separately PFA the enclosed file for more details

Issue date of Sovereign Gold bond postponed to Sep 30

Government decides to shift the issue date of the Sovereign Gold Bonds 2016 17 Series II from September 23 2016 to September 30 2016 in view of large number of applications being received by banks and post offices The Government of India in consultation with the Reserve Bank of India RBI had notifie

Govt reiterates information shared under IDS will not be shared with any authority

Government reiterates that information contained in a valid declaration under the Income Declaration Scheme 2016 is confidential and shall not be shared with any authority The Income Declaration Scheme 2016 the Scheme provides an opportunity to persons who have not paid full taxes in the past to com

RBI directs banks to accept cash under IDS scheme

Income Declaration Scheme 2016 Acceptance of Cash Over the Counter RBI 2016 17 62 DBR No Leg BC 13 09 07 005 2016 17 September 8 2016 The Managing Directors Chief Executive Officers All Scheduled Commercial Banks including RRBs Dear Sir Income Declaration Scheme 2016 Acceptance of Cash Over the Coun

Dr Urjit R Patel takes over as new RBI Governor

Dr Urjit R Patel assumed charge as the twenty fourth Governor of the Reserve Bank of India effective September 4 2016 after serving asDeputy Governor since January 2013 He was re appointed asDeputy Governor on January 11 2016after completion of his first three year term of office Among his assignmen

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Experts Opinions

Bank cc a/c.

Dear Experts I have a CC A C in Central bank i have made CC A C in Bank O D A c under the head of Loans Liability side of my BS Is that correct as per rule if correct then how it is the different from regular bank a c thanking you

Online 15g/h filling by banks

whether it is necessary to fine quarterly 15G 15H return even when there is no entry related to it

Sample letter for termination of articles in 3rd year

Dear Sir I want sample letter of termination of articles on the grounds of transfer of my parents to hyderabad which is almost 300 kms away from my ca firm address so pls provide the letter as early as possible My principal also agreed for termination but iam having the transfer proof and not having

Bank account of private limited company

Dear sir we registred pvt ltd Company Now we want open bank account for company name Bt i am confuse about signing authority and sefty avoid froud frm partner

Itr5 other information 2 column.

Sir we have disallowed the vat u s 43B and shown as liability in balance sheet as Vat 240 Payable my query is how to show this information in ITR5 other information 2 column in other information 2 column point no 11 says Any amount debited to profit and loss account of the previous year but disallow


Bank instruments provider

We are direct providers of fresh cut bg sblc mtn bonds and cds which we have specifically for lease we do not have any broker chain in this offer or get involved in chauffer driven offers you are at liberty to engage our leased instruments into trade programs as well as in other project s such as av

Challan 286 ids in fillable format

Hi all Does any of you have Challan for IDS form 286 in fillable PDF or excel format Kindly help

Request to give suggestions on the Draft Rules and Regulations to the Insolvency and Bankruptcy Code, 2016

The Ministry of Corporate Affairs as part of the process of implementing Insolvency and Bankruptcy Code 2016 Code had set up a Working Group consisting of practitioners and experts for making recommendations for drafting Regulations for registration and regulation of insolvency professionals and ins

Bonus calculation excel formate


Nri- interest from banks

Dear Sirs Me wife have travelled from India to USA on Immigrant Visa in Sept 2016 we will be getting the Green Card in a months time We both are Senior Citizens We have Savings Account FDs in banks in India The Banks will be paying Interests from FDs the income from Interests for both us Individuall

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File Download

  • Articles of Association for public limited company (AOA)

    Sample AOA as per companies act 2013 for Public limited company in word format
  • Tax, Forms & Various Act Details

    A detailed Statutory Information
  • Part 2 Audit SAs 300-499

    This file is 2nd part of SAs from 300 499 in short tabular format for quick revision 1st part already issued which can be downloaded from CCI
  • Condonation wrt form 108

    Please change the highlighted areas in the Condonation letter to be submitted to ICAI in case of late submission of Form NO 108 It is mandatory to be sent alongwith form 108 applicable draft fees
  • CA IPCC Ethics Revision in 15 Days

    Majority of the students appearing for CA IPCC exams are facing the difficulty to get an Exemption in Paper 2 of IPCC Business Laws Ethics Communication This article will help you in Cracking that paper with an exemption by preparing 30 Minutes daily for 20 Days Friends I believe that you will giving your best efforts to complete revision of all the papers of CA IPCC Either Both Single Groups Remember that it is not the Hard work alone which will make you to clear CA Exams You have to be very smart during the times of your preparation revision period Here are some tips from my side to get Exemption in paper 2 of IPCC Generally students tends to focus more on Allied Laws and Company law and neglects the Importance of Ethics and Communication which will be asked for 40 48 marks in the Paper Remember that in each and every question of your paper these two topics Ethics Communication will be asked in 2 sub parts of every question It will be very difficult for you to attempt for 80 100 marks in this paper unless you have prepared Ethics Communication thorougly I thought of helping you all in this article regarding Ethics which consists of 6 topics and each topic will be asked for a minimum of 4 marks in the exam If you have covered ethics it implies that you are going to attempt for atleast one part of the question in your paper I have provided the topics which are frequently asked in the exam based on Study Material and Practice Manual of the Institute How to Prepare Ethics Spend Half an hour daily for Ethics and prepare 2 3 topics which i have provided to you and write those topics within the day itself This will help you in Completing the entire Ethics within 15 20 days with perfection since you are writing the topics which you have completed daily Thats it you are going to get a minimum of 16 20 marks in the exam For the rest of the marks you can refer Practice Manual where the Institute has provided some question based on the Cases and have a glance on them to attempt for another 4 8 marks Which books to refer One of the major comments by the Examiners of ICAI is that students are not attempting the answers as per the expectation of the Institute amd many students are attempting Ethics by their own Friends remember you can draft the answer by your own from any of the provisions of Law and you can interpret the same in the exam But how is it possible for you to draft the Topics of Ethics unless you know the concept and terminology to answer them My advice for you all is Institute has provided excellent Study Material where each and every toipic which i have provided has been given as a seperate topic in each and every chapter If you are finding any difficulty in some of the topics of Study Material you can refer Practice Manual for those topics Hope this article will help you a lot Share this to the Needy students I will be sharing you the topics of Communication later For any information Doubts fell free to contact me 91 8977960053 casowmith gmail com

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Small Bank - A New Hope for Unbanked People

A bank is an institution which is being authorized by the government to accept the deposits from public and lend money For the common people bankmeans commercial bank Primary banking functions of the commercial banks include Acceptance of deposits Advancing loans Creation of credit Clearing of chequ

Highlights of Draft GST Rules & Formats which got approved by the GST Council

The Government is not leaving any stone unturned to roll out the much awaited indirect tax reform from April 1 2017 In less than a week after the first meeting of the GST Council on September 22 23 2016 the Central Board of Excise and Customs CBEC on September 26 2016 has unveiled the Draft Rules an

Payment Bank - A New Feather in Indian Banking System

As per Section 5 b of the Banking Regulation Act 1949 Banking means the accepting for the purpose of lending or investment of deposits of money from the public repayable on demand or otherwise and withdrawal by cheque draft order or otherwise Scheduled Commercial Banks in India are categorised into

Central banks stuck with dead weapons

Central Banks from US to Japan to Europe are stuck with their dead weapons of monetary policy and pleading with their masters the government to up their game The Central Banks toolsto bolster the economy is near its saturationas the efforts were not complemented with structural reform by the politic

Analysis of the insolvency and bankruptcy code, 2016

THE INSOLVENCY AND BANKRUPTCY CODE 2016 INTRODUCTION Bankruptcy isa legal status usually imposed by a Court on a firm or individual unable to meet debt obligations The current Indian Bankruptcy legal framework is highly complex developed out of multiple judicial forums resulting in a lack of clarity

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Updated on : 10/17/2016 5:14:21 PM


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