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Implementation of new CA course from 1st July 2017


Important Announcement Sub Implementation of Revised Scheme of Education and Training for CA Course w e f 1st July 2017 All concerned are hereby informed that the Revised Scheme of Education and Training for CA course will come into effect from 1st July 2017 Students who are eligible to register in

Applicability of insolvency and bankruptcy code in Corporate law exam


Important Announcement for Final Course students Sub Applicability of Insolvency and Bankruptcy Code 2016 in the Paper 4 Corporate and Allied Laws for November 2017 Examinations The Council has approved the inclusion of Overview of the Insolvency and Bankruptcy Code 2016 for 10 Marks for November 20

Increased availability of credit in GST to reduce cost of Telcos


After GST regime telecom companies would be required to re work their costing and credits availability and re jig their prices and ensure that the increased availability of credit is passed on to the customers by lowering their costs Telecommunication services presently attract Service Tax of 14 alo

CBDT issues clarification on furnishing SFT and SFT Preliminary Response


Central Board of Direct Taxes CBDT Issues Clarification on furnishing Statement of Financial Transaction SFT SFT Preliminary Response Section 285BA of the Income tax Act 1961 requires furnishing of a Statement of Financial Transaction SFT for transactions prescribed under Rule 114E of the Income tax

Amendment in revised Guidance Note on Audit of Consolidated Financial Statements


I The Council of ICAI at its 365th meeting held on May 17 19 2017 considered a matter regarding amendment to paragraph 17 of Revised Guidance Note on Audit of Consolidated Financial Statements issued in October 2016 At the meeting the Council noted that the members had expressed concerns regarding t

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Experts Opinions

Cash deposited into bank


There is an addition on account of cash deposit of Rs 1882000 into bank Now our case is before CIT A On what grounds we can save our client Assessee has actually borrowed money from his relatives in cash in year 2013 14

Conversation from existing syllabus to new syllabus of CA final


I have already registered for CA final course under the existing scheme I am eligible to write final exam in Nov 2017 How can I get converted into new syllabus

.ca final exam preparation


Please guide me to identify good sources of study material from where to prepare for ca final group 1 I want to clear group 1 in one stroke in Nov 2017 only anybody who has cleared group 1 please share experience please Thanks

Difference between Deferred Revenue account and Pre payment received?


please explain the difference between deferred revenue and prepayment received and what is the accounting treatment of both

Bank recouncilation statement


Dear Sir Madam I want Know What is Bank Reconciliation Statement Why Should we prepare this and How to prepare Please let me know This is urgent requirement Regards

Discussion

Revised scheme of education and training for ca course

My due attempt for ca final examination is May 2018 Recently ICAI has notified that New Revised scheme is applicable for students who will register themselves in ca final on or after 1st july 2017 and Old scheme will be applicable for students who will get themselves register before 1st july 2017 I

Bonus, Leave Encashment & Reimbursement​ Query

Whether GST is leviable on Bonus and Leave Encashment paid to employees And also suggest on reimbursement paid to employees

Learn about bitcoin in easy to understand nontechnical terms

Are you keen to understand the new trends like Bitcoins blockchains smart contracts etc that are making waves in the finance world Are you confused by all the techno jargon around these concepts and wish to develop a clear understanding of them We are a IT consulting firm engaged in consulting and d

Depreciation: carrying amount of asset after it's useful life

if WDV rate is calculated as per schedule 2 or guidance not in depreciation and then the asset is depreciated over it s useful life Should the residual value be carried forward after it s useful life or should it be written off to P l as depreciation say for example the useful life gets over on 31 0

Depreciation: carrying amount of asset after it's useful life

if WDV rate is calculated as per schedule 2 or guidance not in depreciation and then the asset is depreciated over it s useful life Should the residual value be carried forward after it s useful life or should it be written off to P l as depreciation say for example the useful life gets over on 31 0

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New Lease Accounting Standard


The new ASU Accounting Standards Update for Leases Topic 842 under USGAAP has been issued by FASB For public companies the ASU is effective for fiscal years and interim periods within those fiscal years beginning after December 15 2018 Thus for a calendar year company it would be effective January 1


Important formats and points applicable under the GST Act


As we all are aware that we are passing through the regime where entire indirect system is switching over to the GST which is governed by four Acts i e IGST CGST SGST UGST All the four acts will work in their respective spheres as per their applicability It is very important to discuss that under th


Classification of Goods & Services under GST


Introduction GST is expected to be implemented from July 2017 as of now Postponement if any would only be announced in last week of June GST was supposed to reduce the disputes In Central Excise classification disputes which were numerous in 1990s disappeared when majority of products in one categor


Results!! OMG. Isn't it Scary?


Hey Guys Its really chilling time now because CA exams are over few days ago One may be engaged in some extra curricular activities where as someone may be roaming to various places Obviously many of us must have get back to the pavilion I mean must have joined offices also for Article ship or Jobs


GST Transition - Carry forward of ITC on Stock held on appointed day


Carry forwarding of existing ITC of the stock held on the appointed day is the first basic step that a business house needs to look into for a smooth transition into the GST regime As the clock is ticking understanding the Transition Provisions and their implementation thereon is of the prime import


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Updated on : 5/29/2017 12:42:16 PM


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