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68th Annual Report and Audited Accounts of ICAI for 2016-17


ANNOUNCEMENT Sub 68th Annual Report and Audited Accounts of the Institute for the year 2016 17 The 68th Annual Report and Audited Accounts of the Institute for the year ended 31st March 2017 have been published in Part III Section 4 of the Gazette of India Extraordinary dated 29th September 2017 Cli

GST revenue dips to 90669 crore for August


The Goods and Services Tax GST was introduced on 1stof July 2017 In the press release dated 29thAugust 2017 it was reported that the total revenue of GST paid under different heads for the month of July 2017 upto 29thAugust was Rs 92 283 crore Out of the total GST collection of Rs 92 283 crore the t

Blockage of Working Capital of Exporters


There are a lot of apprehensions expressed in the media about the problem of blockage of working capital for exporters post GST There are various figures also being discussed on the blockage of such funds which are wild estimates Such media reports are not based on facts i First of all it may be men

Voluntary reporting of estimated current income and advance tax liability


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 19thSeptember 2017 Voluntary reporting of estimated current income and advance tax liability A taxpayer who is liable to discharge part of its tax liability by way of advancetax has to bear addition

India's external debt stood at 471.9 billion dollars


Ministry of Finance releases India s External Debt A Status Report 2016 17 India s External Debt stock stood at US 471 9 billion at end March 2017 decreasing by US 13 1 billion 2 7 per cent over the level at end March 2016 The 23rd Issue of the Annual Publication India s External Debt A Status Repor

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Experts Opinions

Appointment of auditor


my query is there is a Pvt ltd company which was incorporated on 7th july 2015 has not appointed auditor yet to the best extend of my knowledge directors have to appoint auditor within 1 month from incorporation of company i e 7th aug 15 and if they don t appoint then shareholders within 90 days in

Unsecure loan in audit report


Hi Kindly help me in these point of audit report a Particulars of each loan or deposit in an amount exceeding the limit specified in Section 269SS taken or accepted during the previous year i name address and permanent account number if available with the assessee of the lender or depositor ii amoun

Rotation of auditors


An individual auditor who has completed his one term of five consecutive years shall not be eligible for reappointment as auditor in the same company for five years from the completion of his term If one individual continued as auditor for 4 years and resigned after 1 year break shall he get one mor

Limit on number of statutory audits by a ca as per icai


Ministry of Corporate Affairs has issued Notification dated June 5 2015 exempting the maximum ceiling of 20 companies as provided in clause g of sub section 3 of Section 141 of the Companies Act 2013 in case of One Person Companies Dormant Companies Small Companies and Private Companies having paid

Housing loan in cma project report


Dear Sir Where to Show Housing Loan Unsecured loan from others in CMA Project Report Thanks in advance

Discussion

In itr2 where to report foreign shares ltcg

I understand that foreign shares are considered to be eligible for long term gain when they are held for 2 years Is this right Where capital gain loss arises from sale of the foreign shares held for more than 2 years which rows of schedule CG should be used to report such a gain loss

ca final audit

is there any difference between audit partner and engagement partner

ca final audit

whether we have to issue a separate engagement letter for tax audit if we are doing statutory audit for the same and also tell me what is in case if it is an internal audit

tax Audit

How to audit tax

tax audit

due to gst return filling tax audit is late after 31 Oct what is penalty and provision

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Brief report of recommendations on corporate governance submitted to SEBI


Stock Exchange Board of India hereinafter referred as SEBI has setup up committee under the chairmanship of Shri Uday Kotak Executive Vice Chairman and Managing Director of Kotak Mahindra Bank on 2nd June 2017 to advice on issues relating to corporate governance The committee was further required to


A brief on report submitted by Kotak committee on corporate governance


The SEBI formed a committee on Corporate Governance in June 2017 under the Chairmanship of Mr Uday Kotak with a view to enhancing the standards of Corporate Governance of listed companies in India Committee has submitted its report on Corporate Governance on which SEBI seeks public comments by Novem


Draft notification by CBDT for another compliance on self reporting of income


CBDT has proposed to introduce a mechanism of self reporting of income estimates advance tax liability and payment thereof CBDT has published draft notification on proposed insertion of rule 39A and Form 28AA for such self reporting As per draft notification a company and a other person who aresubje


Tax audit not applicable for Turnover less than 1 crore


Section 44 of Income Tax Act 1961 essentially deals with sections related to audit presumptive taxation and special provisions related to computation of income for business purpose Till FY 2015 16 eligible assesses having turnover less than Rs 1cr and net profit less than 8 cannot were not allowed t


Cost records and Cost audit under companies act, 2013


The Cost Audit represents the verification of cost accounts and a check on the adherence of Cost Accounting Standards The Companies Act 2013 empowers the Central Government CG to make rules in the areas of maintenance of cost records by the companies engaged in specified industries manufacturing of


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Updated on : 10/18/2017 12:17:14 AM



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