CAclubindia News

Last date for MEF submission extended to 5th Sep due to Kerala floods

20 August 2018 at 12:53

As our Members are aware that Kerala is facing its worst flood in 100 years, with 80 dams opened and all rivers in spate. A body blow has been dealt to the scenic state, with its infrastructure, standing crops and tourism facilities severely hit. Apa

Posted in Audit | 2469 Views

Exposure draft of ASLB 23, 'Revenue from Non-Exchange Transactions (Taxes and Transfers)

17 August 2018 at 11:27

The Committee on Accounting Standards for Local Bodies (CASLB) has been formulating Accounting Standards for Local Bodies (ASLBs) since March, 2005. So far, the Committee has issued fifteen ASLBs. Moving forward in this

Posted in Accounts | 4305 Views

Results Declared for CFA Level 1 and Level 2 June 18 Exams

14 August 2018 at 19:20

CFA Institute has released results for CFA Level 1 and Level 2 June 2018 exams has been declared. You can easily access the results for Level 1 and Level 2 on the www.cfainstitute.org or at https://examresult.cfainstitute.org/CFA Candidates are advis

Posted in Students | 16 comments | 10323 Views

ICAI issues election code of conduct for members

13 August 2018 at 10:51

ELECTION 2018No. 54-EL(1)/2/2018 10th August, 2018To,The Chairperson/Chairmen of All Regional Councils/BranchesMadam/Dear Sir,Sub: Publication of Newsletters and the like, in any form, vis-a-vis Election Code of Conduct. As you may be aware, the n

Posted in Professional Resource | 4572 Views

Simplified filing of GST Returns

11 August 2018 at 17:48

The Goods and Services Tax Council has simplified the return filing process for small businesses. The GST Council, in its 28th meeting held on 21st July, 2018 in New Delhi, in principle approved the new return formats and associated changes in law f

Posted in GST | 1 comments | 7110 Views

Data related to GST Compensation to states

11 August 2018 at 17:48

Government has compensated to the States/UTs for the reported revenue deficit on account of implementation of Goods and Services Tax (GST). As per provisions in Section 7 of the GST (Compensation to States) Act, 2017 loss of revenue to the States on

Posted in GST | 4599 Views

SEBI issues guidelines to Control Black Money in Share Market

11 August 2018 at 17:48

Securities and Exchange Board of India (SEBI), vide circular dated April 27, 2007, has mandated that PAN would be the sole identification number for all participants transacting in the securities market, irrespective of the amount of transaction.Sche

Posted in Income Tax | 4080 Views

SFIO arrests MD of Bhusan Steel in connection with Investigation into affairs of the Company

10 August 2018 at 10:55

Serious Fraud Investigation Office (SFIO) arrests Mr. Neeraj Singhal in connection with investigation into the affairs of Bhushan Group of CompaniesMr. Neeraj Singhal, erstwhile Promoter and Managing Director of Bhushan Steel Limited was arrested by

Posted in Corporate Law | 3 comments | 4434 Views

Cabinet approves MoU between ICAI and CPA Canada

10 August 2018 at 10:55

Cabinet approves signing of MoU between India and Canada on collaboration among Chartered Accountant InstitutionsThe Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the signing of the "Memorandum of Understanding (MoU)&qu

Posted in Professional Resource | 7 comments | 10086 Views

Postponement of First Examination of Practical Training

09 August 2018 at 17:12

The Council has decided to assess students after completion of first and second year of practical training with online MCQ based tests. The students completing their 1st/ 2nd year of practical training in a particular quarter of a year would be eligi

Posted in Students | 6 comments | 23397 Views