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UDIN ICAI(Unique Document Identification Number) System

The complete System of UDIN is designed and developed for ICAI by New Delhi Based Software Company Binarysoft Technologies...

Posted in articles |   1 comments |   4754 Views

CAs to pass assessment on applying for membership after three years of qualifying as per ICAI Draft Regulations

The Institute of Chartered Accountants of India has released a notification with respect to the application/renewal of membership of ICAI. As per the amended regulations, a person who makes an application for membership of the Institute after a period of three years or more from the date of his passing the final examination and comply with other provisions of these regulations/ makes an application for restoration of his name after a period of three years or more from the date of removal..

Posted in news |   5137 Views

Future of Indian Real Estate

Real Estate is one of the most globally recognized sectors. Housing, Retail, Hospitality & Commercial are four sub-sectors of it. The growth of this sector can be seen by the growth in Corporate Environment & need for Office Spaces as well as Urban & Semi-Urban Accommodations. This sector seems to attract more Non-Resident Indian (NRI) Investment, both in the Short term as well as the Long term. Most favoured property investme..

Posted in articles |   497 Views

Decoding Transparent Taxation: Honouring the Honest

Honourable PM Narendra Modi launched a platform for 'Transparent Taxation' for honouring the honest taxpayers on 13th August 2020. The platform brings in a transparent, efficient and accountable tax administration. It uses technology, Data Analytics and Artificial Intelligence. Through the platform, taxpayers who are honest and prompt in complying with the income tax laws will be benefited. The platform will create awareness among the taxpayers and help them understand the t..

Posted in articles |   4 comments |   1016 Views

PM launches Transparent Taxation Platform| Faceless assessment and Taxpayers Charter comes into force

Honourable Prime Minister Sri Narendra Modi launched a platform for 'Transparent Taxation' for honoring honest taxpayers. The Prime Minister's launch of 'Transparent Taxation – Honoring the Honest' follows several major tax reforms in direct taxes in recent years. These include the corporate tax rates cut and the abolition of the Dividend Distribution Tax. The addressing was started by Hon’ble FM. She said, 'Today is a landmark day in the history of taxation.' The present plat..

Posted in news |   9 comments |   7097 Views

Ways to Survive the COVID impact in your Business, without firing Employees

These are unprecedented times for businesses. How to stay afloat in adverse circumstances is the thought troubling many entrepreneurs. Those who can weather this storm by minimizing losses will stand to gain in the long term. There are many ways to reduce loss and stay in business till the situation improves. Here I am only looking at ways to improve your profits using financial statement forecasts and by using some financial ratios. Definitions Accounts Recei..

Posted in articles |   1 comments |   611 Views

Need ISO 9001 2015 Certification For Business

For every business, it's important to ensure that the required standards of your organization are properly being met. This is why many businesses today may be using a system called IS0 9001. The ISO 9001 is known to be one of the top standards for quality management systems and recognized globally for its efficiency with businesses. It works to provide and helporganization grow and meet its different goals by structuring and planning out the execution for you according..

Posted in articles |   5 comments |   682 Views

Contact number of Corporate Seva Kendra changed

New contact number of Corporate Seva Kendra The contact number of Corporate Seva Kendra (Ministry of Corporate Affairs, Government of India) has been changed; and the new contact number is given hereunder for information of all concerned:- 0120-4832500 (0124 replaced with 0120) For any query related to Company Name Availability and Company Incorporation, please contact: CRC Helpdesk : 0120-4832500 Ema..

Posted in news |   422 Views

Difference between Trust, Society & Section 8 Company

In India, a non-profit organization for a charitable purpose can be registered as a Trust, Society and Section 8 Company. A charitable purpose is defined under Section 2(15) of Income Tax Act "charitable purpose" includes relief of the poor, education, yoga, medical relief, Preservation of environment (including watersheds, forests, and wildlife) and preservation of monuments or places or objects of artistic or historic interest, and the advancement of any other object of general pu..

Posted in articles |   5 comments |   1758 Views

Professional Services on Social Media by Chartered Accountants

The Article has been written without disregarding any person. Rather it has been written for the value addition and to make an effort of securing the respect and golden image to this noble profession. In the current scenerio of GST and various other prevailing commercial laws in india, we are taking up so many steps to handle the burden and trying to mitigate the stress over busniessmen which should be appreciated. Simultaneously, we are also earning our ROTI i.e. Return on Time Inv..

Posted in articles |   4 comments |   1724 Views

Yellow Metal - A Worth Investment

We Indians are crazy on yellow metal! Ever imagined for investing in Gold? Let’s understand the Gold World. The rate of 10 grams of pure 24 Karat gold was sold at Rs.1,670 in the year 1981 and it is being sold now (2020) at Rs 46,790. We were able to see a 33% price hike between 2019 and 2020. In the history of last 40 years, it happens to be in 2006 and 2012 was the years in which the price hike was above 30%. On an average of 10% price ever year hike happened in the last 40 ..

Posted in articles |   1384 Views

How Chartered Accountants can help businesses get through a financial crisis

With the COVID-19 outbreak and the nation-wide lockdown, the last few weeks have proven to be a challenging time for businesses who depend on day-to-day cash transactions. Restricted cash flows have made it difficult for them to make timely payments to their employees and suppliers/vendors. The current scenario has had a cascading impact on 60 million+ enterprises with over 110 million people employed by this sector. According to a surv..

Posted in articles |   3219 Views

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