CAclubindia News

ICAI notifies Revised Form 18 to facilitate formation of Multi-disciplinary Partnership Firm of CAs in Practice

13 August 2021 at 17:23

ICAI, with regard to the Chartered Accountants (Amendment) Regulations, 2021 dated 8th July 2021, has notified a Revised Form 18 to facilitate the formation of Multi-disciplinary Partnership Firm of CAs in Practice.

Posted in Professional Resource | 2040 Views

DPE brings out 60th annual Public Enterprises Survey 2019-20

12 August 2021 at 05:47

The Public Enterprises Survey 2019-20 has been laid in the Lok Sabha on 6th August 2021 and in the Rajya Sabha on 9th August 2021 respectively. As per the PE Survey 2019-20 as on 31st March 2020, there are 256 operational CPSEs.

Posted in Community & General | 1602 Views

2 held by CGST Officials for ITC fraud of more than Rs 10 crore

11 August 2021 at 21:22

The CGST Commissionerate, Faridabad, Haryana has arrested two Directors of M/s. F2C Wellness Pvt. Ltd., Faridabad on charges of illegally availing and passing on input tax credit (ITC) by issuance of invoices without supply of goods.

Posted in GST | 3552 Views

Nearly 72% of financial transactions of Public Sector Banks (PSBs) done through digital channels in FY 2020-21

11 August 2021 at 05:50

Nearly 72% of financial transactions of Public Sector Banks (PSBs) are now done through digital channels, with customers active on digital channels having doubled from 3.4 crores in FY 2019-20 to 7.6 crores in FY 2020-21.

Posted in Corporate Law | 1458 Views

MCA amends Schedule III of Companies Act on disclosure norms in financial statements

11 August 2021 at 05:47

Ministry of Corporate Affairs vide notification dated 24.03.2021 has amended Schedule III to the Companies Act, 2013 effective from 01st April 2021 to mandate various disclosures by companies in their financial statements.

Posted in Corporate Law | 4644 Views

Schedule for Nov / Dec 2021 CA Foundation, Inter and Final Exams

10 August 2021 at 16:33

The Institute of Chartered Accountants of India has announced the schedule for Nov / Dec 21 CA Foundation, Inter and Final Exams, and the same will be conducted from 5th December 2021 to 20th December 2021.

Posted in Students | 1 comments | 27471 Views

ICAI issues Exposure Draft of Subsidiaries without Public Accountability: Disclosures

10 August 2021 at 05:45

ICAI has issued an Exposure Draft that sets out the proposal of the IASB for a new IFRS Standard - Subsidiaries without Public Accountability: Disclosures. Comments on the ED may be sent electronically or via email or post by 15.12.2021.

Posted in Community & General | 1419 Views

Rs 99,756 crore disputed tax amount settled under Vivad Se Vishwas scheme

10 August 2021 at 05:49

The scheme 'Vivad Se Vishwas' is a voluntary scheme for resolving pending direct tax disputes amicably with the taxpayers and no targets were fixed by the Government under the Scheme.

Posted in Income Tax | 2274 Views

Contribution of MSMEs to GDP

10 August 2021 at 05:52

The share of the MSME manufacturing in All India manufacturing gross value output during the year 2018-19 and 2019-20 were 36.9% and 36.9% respectively, while the share of export was 49.8% and 49.5% respectively.

Posted in Community & General | 1842 Views

Digital payments surge from 1459.02 crore in FY 2017-18 to 4371.18 crore in FY 2020-21

10 August 2021 at 05:46

On the digital payment ecosystem, Shri Pankaj Chaudhary stated that the total volumes of digital payments increased from 1459.02 crore in FY 2017-18 to 4371.18 crore in FY 2020-21 due to sustained efforts towards digitalisation.

Posted in Community & General | 1590 Views