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Group formed to finalise format of fit and proper CA firm certificate


ALL MEMBERS OF THE COUNCIL Madam Dear Sir The Management Committee at its 12th Adjourned meeting held on 7th August 2016 while considering Item No 5 Issuance of Fit and Proper Certificate sought by CA Firms similar to Good standing Certificate being issued to the members has constituted a Group for

Framework for computation of book profit for the purposes of levy of MAT


Framework for computation of book profit for the purposes of levy of MAT under section 115JB of the Income tax Act 1961 for Indian Accounting Standards Ind AS compliant companies A Committee had been constituted with the approval of the Finance Minister to suggest the framework for computation of bo

Frequently asked questions on GST


Following are the answers to the various frequently asked questions relating to GST Question 1 What is GST How does it work Answer GST is one indirect tax for the whole nation which will make India one unified common market GST is a single tax on the supply of goods and services right from the manuf

Synchronisation of financial accounting year with calendar year


Government has constituted a Committee to examine the desirability and feasibility of having a new financial year and give its recommendations by 31st December 2016 The terms of reference ToR of the Committee are as under Examine the merits and demerits of various dates for the commencement of the f

SIT on black money recommends ban of cash transaction above 3 lakh and cash holding more than 15 lakhs


Recommendations of SIT on Black Money as Contained in the Fifth SIT Report The Fifth SIT report has been submitted before the Honble Supreme Court by the SIT An extract of the report has been uploaded on Department of Revenue websitewww dor gov in The SIT has made the following recommendations in th

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Experts Opinions

What is cash credit account in bank


what is cash credit account in bank

Fema - refund of foreign remittance received


Dear Experts We are a Pvt Ltd Company and we received share application money from one of the foreign Company in the year 2010 Due to some commercial reasons the project could not take off we did not allot any shares or comply with any of the RBI compliances We did not even informed RBI on receipt o

In house banking


What is in house banking and how it is different from other recognized banks

GMCS 2 and Additional ITT


Can i enroll for gmcs 2 and additional itt after completion of my practical training or i have to complete it before termination of my practical training because the notification says u can do after ca final examinations but before applying for membership so i can apply for gmcs 2 and additional itt

Certificate course on concurrent audit of banks


I intend to pursue certification course on concurrent audit of banks As mentioned on the ICAI website the course will be followed by an evaluation test A candidate would be allowed to reappear for evaluation test only after 6 months My query is whether a candidate will be able to get cpe hours in th

Discussion

The biggest question - Pass or Fail

Pass or FailOnly one moment can change your life How amazing But the reality is equal Difference of only one step Pass gives us expectations and fail gives us inspiration Only need to stay in the field and excel in these adverse situations There is a lot of options to di correspondingly Try to make

Old bank account to be introduced in financials

1 bank account was not shown in the Balance sheet of a proprietary firm for last 5 years This year however bank has deducted TDS on interest received on the bank account thereby reflecting the bank account in 26AS How do we introduce this bank account in the financials What would be the journal entr

Foreign remittance

Dear All Foreign Remittance by any Domestic Company 1 If recipient are more than one and total foreign remittance is Less than Rs 5 lakh in a FY then any 15CB required or not 2 If total foreign remittance is more than Rs 5 lakh and individual recipients payment is less than 1lakh then any 15CB requi

Foreign remittance

Dear All Foreign Remittance by any Domestic Company 1 If recipient are more than one and total foreign remittance is Less than Rs 5 lakh in a FY then any 15CB required or not 2 If total foreign remittance is more than Rs 5 lakh and individual recipients payment is less than 1lakh then any 15CB requi

Banking business

procedure to form a patpedi documents required

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File Download

  • How to skip TDS on bank fixed deposits

    How to skip TDS on bank fixed deposits
  • Advanced_SBI Intra Bank Bulk Transactions Uploader

    Using this Advanced Version of the tools a lot of time can be saved to upload bulk transactions through SBI Net Banking It is very helpful tools for Corporate salary disbursement and other payments It is just for SBI to SBI Transactions and the advanced version for SBI to other Bank will be available shortly
  • Export of Potatoes

    Director General of Foreign Trade issued a Notification permitting the export of Potatoes fresh chilled subject to Minimum Export Price MEP
  • Export of Basmati Rice

    Director General of Foreign Trade issued a Notification NO 18 2015 2020 dated 01 08 2016 stipulating that export of Basmati Rice will now be allowed through Land Customs station on Indo Bangladesh and Indo Nepal border Export of Basmati Rice will be permitted on Documents Against Acceptance provided export is covered by Bank Guarantee or ECGC Guarantee with effect from 01 10 2016
  • FAQ on GST Bill Amendment

    FAQ on GST Bill Amendment

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Articles

The Insolvency and Bankruptcy Code 2016: An Overview


The Insolvency And Bankruptcy Code 2016 passed unanimously by both Houses of Parliament in May 2016 is considered as the biggest economic reform next only to GST Its need was highlighted due to absence of legal and institutional machinery for dealing with debt defaults in the country Provisions of m


Banking Sector in India - Market size, Investments & Developments


The Indian banking sector one of the fastest growing industry has its foundation in 18th century As per the RBI the financial economic condition of banks is far superior to any other country in the world The Indian Banking industry is currently worth Rs 81 trillion US 1 31 trillion and banks are now


Career in Banking Sector : Life, Salary, Growth


We all know that Banks are considered as the backbone of any countrys economy In India Bank Job is considered as most sought job Getting a bank job is a matter of prestige especially in a government sector bank Life in a Banking Sector You can enjoy your personal life while working in banks You can


NPA in banks - Causes and solutions


Dear friends Now a days we all are facing a crucial issue of NPA of all public sector banks Many large banks including SBI PNB have reported huge NPA of their industrial clients Govt has been making efforts for solving the issue changing laws issuing directives etc but it seems that everybody is try


NPA Menace in the Indian banking system


The Financial Stability Report FCR June 2016 issued by RBI suggests that the business of Scheduled commercial banks SCB is showing significant stress The Gross Non Performing Advances GNPA of SCBs sharply increased to 7 6 of the Gross advances from 5 1 between September 2015 and March 2016 The net n


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Updated on : 8/22/2016 8:45:15 AM


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