Few days ago, I appealed ICAI to raise professional misconduct fund, even posted at my LinkedIn handle regarding ICAI to bring some insurance scheme to cover risks of CA from paneities and fines up to 50 lac to 1 crore with a nominal premium every year
According to the updated rules, FPOs can be registered under the Companies Act 2013 or the State Cooperative Societies Act, with management responsibilities required for five years of hand-holding. All the new guidelines and formation of FPO (Farmer Producer Organization) are summarized in this article.
Meet Madhur Jain from Jaipur who emphasized the holistic approach to CA preparation. His dedication to self-motivation is evident in his ability to balance rigorous studies with recreational activities like cricket and badminton.
LLP (Third Amendment) Rules, 2023 bring in its purview Maintenance of Register of Partners & applicability of SBO provisions
A tax is a compulsory payment imposed by a government on individuals or organizations to generate revenue for public services and infrastructure. Here taxes are divided into direct taxes, levied on individuals or businesses directly, and indirect taxes, collected by intermediaries and passed on to consumers through goods and services.
GST stands for Goods and Services Tax, is a comprehensive indirect tax levied on the supply of goods and services in India.
In a significant move to combat frauds in the Goods and Services Tax system and enhance compliance, the GST formations under the Central Board of Indirect Taxes and Customs (CBIC) and State/UT Governments have executed a relentless drive against non-existent taxpayers since May 2023.
Here are some potential trends that could shape the future of the chartered accountant profession:
Golden Rules of Accounting means guiding principles for recording transactions correctly. The 3 main Golden Rules are Personal Accounts, Real Accounts and Nominal Accounts.
BackgroundIn GST regime, the dept has been issuing notices, making tax demands on discounts and incentives given to the suppliers, especially in context of deal..
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
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