CAclubindia News

Draft notification pertaining to new Rule 11UAB of IT Rules, 1962

04 May 2018 at 10:43

Finance Act, 2018 has inserted clause (via) to section 28 of the Income-tax Act, 1961 (‘the Act’) so as to provide that any profit and gains from conversion of inventory into capital asset or its treatment as capital asset shall be charge

Posted in Income Tax | 5889 Views

Study Guidelines CA Final Paper 6F by ICAI

03 May 2018 at 10:58

Study GuidelinesFinal Paper 6F: Multi-disciplinary Case StudyThe Multi-disciplinary case study would involve the application of two or more of the seven core subjects at the Final level. The reference material which would be provided to the students

Posted in Students | 2 comments | 9588 Views

Implementation Guide on SA 700,705 and 706 reporting standards

03 May 2018 at 10:58

Chapter 1 Introduction 1.1 The Standards on Auditing and Quality Control are divided into two groups: Standards on Quality Control (which apply to quality control at the firm level) and the Standards on Auditing (SAs) which apply to audits of histori

Posted in Audit | 5241 Views

Cabinet approves mutual recognition of ICAI and South African Institute of Chartered Accountants

03 May 2018 at 10:58

Cabinet approves Mutual Recognition Agreement between the Institute of Chartered Accountants of India and the South African Institute of Chartered AccountantsThe Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the Mutual Rec

Posted in Professional Resource | 2 comments | 4326 Views

GST revenue collection crosses 1 lac crore in April

01 May 2018 at 18:07

The total Gross GST revenue collected in the month of April 2018 is Rs.1,03,458 crore of which CGST is Rs18,652 crore, SGST is Rs.25,704 crore, IGST is Rs. 50,548 crore (including 21,246 crore collected on imports) and Cess is Rs.8554 crore (includi

Posted in GST | 1 comments | 3300 Views

Monitoring performance of insolvency professionals under IBC 2016

30 April 2018 at 10:49

INSOLVENCY AND BANKRUPTCY BOARD OF INDIADISCUSSION PAPERMonitoring the performance of insolvency professionals under the Insolvency and Bankruptcy Code, 2016 and the regulations made thereunderAs stated in its long title, the Insolvency and Bankruptc

Posted in Corporate Law | 3252 Views

ICAI President speaks on representing Profession to Indian Polity and other developments

30 April 2018 at 10:49

My dear Professional Colleagues,In the preface to the first edition of the Code of Ethics of ICAI, the then ICAI President Dr. R. C. Cooper had noted: No booklet of this nature can achieve the object of outlining every possible act which may or may n

Posted in Professional Resource | 1 comments | 3972 Views

12 Vacant post for Technical members in NCLT under sec 408 of CA Act

28 April 2018 at 14:45

Regarding Inviting application by the Ministry of Corporate Affairs for filling of 12 posts of Technical Member in National Company Law Tribunal under Section 408 of the Companies Act, 2013 We would like to inform you that the Ministry of Corporate A

Posted in Corporate Law | 1 comments | 5253 Views

7.41 lakh crore collected under GST in 2017-18

27 April 2018 at 21:46

GST Revenue Collections for the Financial Year 2017-18 Total Revenue of Rs. 7.19 lakh crore collected under GST in the period between August 2017 and March 2018During 2017-18,

Posted in GST | 3867 Views

Draft of Indian Valuation Standards by ICAI

27 April 2018 at 11:06

Sub: Request for valuable suggestions on the Exposure Draft of Indian Valuation Standards formulated by Valuation Standards Board of ICAI latest by 12th May, 2018.Valuation field is gaining importance now and is considered as one of the most critical

Posted in Professional Resource | 5217 Views