CAclubindia News

Illustrative Audit Engagement Letter under Companies Act, 2013

FOR THE ATTENTION OF THE MEMBERS ILLUSTRATIVE FORMATS OF THE ENGAGEMENT LETTER FOR AUDIT OF FINANCIAL STATEMENTS UNDER THE COMPANIES ACT, 2013 AND THE RULES THEREUNDER The Auditing and Assurance Standards Board is issuing the

Percentage of Govt Grant for considering university, hospital as substantially financed by the Government

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SEC. 3, SUBSECTION(ii)]MINISTRY OF FINANCEDEPARTMENT OF REVENUE(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONINCOME-TAXNew Delhi, the 12th December, 2014 S.O. 3168 (E). In exercis

Relief to Members of J & K for payment of Membership/COP

The Council, having regard to the devastating flood in the state of Jammu & Kashmir in the month of September, 2014, has decided that the membership fee and Certificate of Practice fee for the year 2014-15 in respect of members residing in the St

Promotion of MDP Firms

The Institute of Chartered Accountants of India (ICAI), The Institute of Company Secretaries of India (ICSI) and The Institute of Cost Accountants of India (ICoAI) have had inconclusive deliberations regarding a framework for allowing Multi-Disciplin

EPFO moves to Accrual Accounting

The Institute of Chartered Accountants of India (ICAI) through its research arm, ICAI Accounting Research Foundation (ICAI ARF) signed an MoU with Employee's Provident Fund Organisation (EPFO) on December 11, 2014. As per the MoU, ICAI ARF will u

Ten Crore Aadhaars Linked to Bank Accounts

A major milestone has been crossed with ten (10) crore Aadhaar numbers having been linked to bank accounts of Aadhaar holders so far a part of Governments Digital India mission. This would enable these individuals to digitally receive governme

Extension of RTGS time window to 8 pm

RBI/201415/352DPSS (CO) RTGS No. 1064 / 04.04.002 / 2014-15December 15, 2014The Chairman / Managing Director / ChiefExecutive Officer of participants of RTGSMadam / Sir,Extension of RTGS time windowIt has been the endeavour of the Reserve Bank

Exemption for Engineers for pursuing CMA Course

Attachment of Properties Against Tax Arrears

Total amount of direct taxed arrear demand as on 31.10.2014 is Rs. 6,15,295 crore. An amount of Rs. 23,653 crore has been collected/recovered during the period 1.4.2014 to 31.10.2014. The target for cash collection out of arrear demand by the field a

Fishing Expedition of CBDT Officers

The complaints including complaints regarding harassment of tax payers by the income tax officers are received by the Government and various income tax authorities all over the country. There is no centralized system of maintaining category-wise data