CAclubindia News

RBI urges to deposit all pre-2005 currency notes before June 30

24 December 2014 at 12:52

Soliciting cooperation from the public in withdrawing these notes from circulation, the Reserve Bank of India has urged them to deposit the old design notes in their bank accounts or exchange them at a bank branch convenient to them. The Reserve Bank

Posted in Others | 6 comments | 22542 Views

Most of the states to benefit from GST

23 December 2014 at 10:50

Most of the States to benefit from GST from day one; Provisions have been Made in the Constitution Amendment Bill on GST to Ensure that none of the States Lose any Revenue after the Implementation of the GST: FM The Union Finance Minister, Shri Arun

Posted in GST | 21318 Views

Admissions of Undisclosed Income under coercion / pressure during Search / Survey

22 December 2014 at 10:29

Admissions of Undisclosed Income under coercion/pressure during Search/Survey Detailed information has been attached herewith

Posted in Income Tax | 17535 Views

Govt has no say in conducting CA exams

22 December 2014 at 10:29

All activities connected with conduct of examinations by the Institute of Chartered Accountants of India and the Institute of Cost Accountants of India including setting of papers, valuation, pass percentage, declaration of results etc. are undertake

Posted in Students | 8 comments | 44496 Views

IFRS to be implemented from FY 2015-16

22 December 2014 at 10:28

The Finance Minister in the Budget speech 2014-15 announced that the Indian Accounting Standards (Ind AS) i.e. accounting standards based largely on with International Financial Reporting Standards (IFRS) shall be applied by Indian Companies from F.Y

Posted in Others | 10 comments | 32445 Views

ICAI welcomes amendment related to fraud reporting in Companies Bill 2014

19 December 2014 at 10:41

The Companies Act, 2013 had specified a new reporting requirement for the statutory auditors of companies. Under Section 143(12) of the Companies Act, 2013 the auditor was required to report on frauds/ suspected frauds in certain situations laid down

Posted in Corporate Law | 2 comments | 22293 Views

Lok Sabha passes Companies (Amendment) Bill 2014

18 December 2014 at 11:42

Lok Shabha passes Companies (Amendment) Bill 2014

Posted in Others | 1 comments | 25248 Views

Launch of 100 Hours Advanced ITT Course

18 December 2014 at 11:29

As per Regulation 29(c)(iv) of the Chartered Accountants Regulation 1988, students who have registered for Practical Training on or after August 1st, 2012 were required to complete Advanced IT Training before admission to the Final Examinati

Posted in Students | 10 comments | 23418 Views

Illustrative Audit Engagement Letter under Companies Act, 2013

18 December 2014 at 11:29

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

Posted in Corporate Law | 1 comments | 22011 Views

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

17 December 2014 at 10:19

[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

Posted in Income Tax | 13869 Views