Why there cannot be recession in India

Its a fact that there will be no recession in India ever.

In India a child is brought up by teaching him all religious rituals and making him visit religious places regularly and during his school vacations. And thing he is taught religiously is to donate at such religious places either money or in kind. Now you must be wondering how it is connected to recession.  Here's how believe it or not on average every earning member in India has sub conscious habit built into him to donate a certain percent of his monthly or new income to religious places as

What is Fibonacci Retracement? How to use Fibonacci Retracement in Trading?

ICAI issues guidelines for impact of coronavirus on financial reporting

https://resource.cdn.icai.org/58829icai47941.pdf

ICAI POSTPONES MAY 2020 EXAMS

https://resource.cdn.icai.org/58830icai-47942exam270320.pdf

ICAI important announcement on articleship period during covid 19 lock down

Dhiraj Khandelwal hints at shifting May attempt altogether

Finance Minister covid 19 fiscal package highlights

Finance Minister fiscal package highlights

1. Rs.1.72 lac crore fiscal package
2. Insurance coverage for all nurses doctors sanitisation workers Rs.50 lac per person
3. Under Pm gareeb kalyan scheme 80 crore poor people to get additional 5kgs wheat or rice 1kg pulse for 3 months free of cost. 
4. Direct transfers to Farmer mnrega jan dhan yojna pensioners Ujwala yojna epfo construction workers 

       Farmers: 8.69 crore farmers             to get 2000 each in April 1st week

      Mnrega: wage increase 5crore families Rs. 2000per worker additional benefit

      Old age widows disabled : ex gratia 1000 per senior citizens above 60 yrs age in two installments through DBT

     Jan dhan women ac holders: ex gratia of 500 pm for 3 months through DBT

     Ujwala yojna: bpl families to get free LPG cylinders per month for 3 months to 8 crore

Prime Minister to address nation today

ICAI sends representation to delete GST ITC Rule 36(4) which restricts ITC to 10%

ICAI: CA May exams on schedule, will analyse the situation in mid-April

An official from the Institute of Chartered Accountants of India (ICAI), the professional body which conducts the Chartered Accountant (CA) exams in the country, said the body will analyse the

Statewise official Active COVID-19/Coronavirus cases in India as 22.03.2020

(*including foreign nationals, as on 22.03.2020 at 11:45 AM)

Surprisingly ICAI/ICSI/ICMA have still not declared postponement of article ship in wake of coronavirus scare

It is indeed surprising that prestigious institutions like ICAI/ICSI/ICMA have still not declared postponement of article ship in wake of current coronavirus scare. This has forces articles to take to

Avoid air conditioners Maharashtra Government gives new directives

The Maharashtra government has asked all its offices to avoid the use of air conditioning (AC) system as a precaution against the spread of coronavirus.

A Government Resolution (GR) signed by Principal Secretary

ICAI announces Exemption from Completion of MCS Course & Adv.ITT to appear in Final May 2020 Examination

Announcement

Exemption from Completion of Management and Communication Skills Course (MCS Course) & Advanced Information Technology Training (Adv.ITT) to appear in Final May 2020 Examination The Council at its meeting held on 20th March,2020 invoked the powers under Regulation 205 of

Statewise official Active COVID-19/Coronavirus cases in India as 21.03.2020

1. Total number of passengers screened at airport : 14,59,993
   
Total number of Active COVID 2019 cases across India * :

CM Uddhav Balasaheb Thackeray announces closure of all offices and non essential shops in Mumbai & Pune

ICAI RE -OPENS ON-LINE FACILITY FOR SEEKING CHANGE OF EXAMINATION CENTRE / GROUP/MEDIUM FOR APPEARING IN MAY 2020 CA EXAMINATIONS

Click here to read the announcement

June CFA Program Exams POSTPONED

From the CFAI

June CFA Program Exams POSTPONED
For the safety of our global community, CFA Institute has made the decision to postpone the June 2020 CFA Exam administration.

Knowing that candidates have spent hours studying and preparing for the June exam, we want to giv

Sebi postponed Q4, FY20 earnings Due date

Mumbai: The Securities and Exchange Board of India (Sebi) on Thursday relaxed certain listing disclosure obligations due to fast-spreading coronavirus pandemic, giving the companies a bit of a breather to compile their results. 

Among other things, the markets regulator allowed companies to submit their

Bank Audit - Interest subvention for Short Term Crop Loan an article by CA Mukesh Saran

Click here to download

WHETHER GSTR1 FILING IS EXEMPTED FOR GST TAXPAYERS|GSTR1 FILING DUE DATE EXTENDED OR NOT|

CPA Canada has cancelled all CPA PEP and Common Final Examination will ICAI and ICSI also follow?

VANCOUVER – Safety concerns over the novel coronavirus are impacting Canada’s professional education program for aspiring accountants. The Chartered Professional Accountants of Canada (CPA Canada) has cancelled all April CPA Professional Education Program (CPA PEP) and CPA

Invitation To Online Tender And Instructions To Tenderers For Appointment Of Firms Of Chartered Accountants

Invitation To Online Tender And Instructions To Tenderers For Appointment Of Firms Of Chartered Accountants Empanelled With Comptroller & Auditor General For Undertaking Internal Audit & Physical Verification In Fci Rajasthan Region.
Address :

ICAI postpones Advanced ICITSS- Information Technology Test

ANNOUNCEMENT

13th March, 2020

Postponement of Advanced ICITSS- Information Technology Test scheduled to be held on 15th March, 2020. The Council at its Special Meeting held on 12th March, 2020 has reviewed the Advisory to Regional Councils and Branches, issued on 11th March 2020 regarding avoiding large gathering as

Get ready for biggest bull run history has witnessed till date.

Get ready for biggest bull run history has witnessed till date. Coronavirus has only affected supply chain and not demand chain. Almost all analysts are speaking of adverse effects of supply chain and No one is factoring in the demand chain. Demand for fmcg such as cleaning agents like soaps

Supreme Court says: All AGR dues to be paid, no self-assessment or objections to be entertained

Source: Money control

Vodafone share prices fall by 40% from days high

Hearing the Department of Telecommunications (DoT) plea in regard to the adjusted gross revenue (AGR) case, a bench of the Supreme Court of India on March 18 held that no further objections to its orders would be allowed against payable dues.
In its order, the three-judge bench led by Justice Mishra, and comprising Justices S Abdul Nazeer and MR Shah held that no self-assessment can be done and no further objection would be entertained.
The SC order stated: "No self-assessment can be done and no further objection would be entertained. Actions of telcos are tantamount to seeking to bypass our judgement. All dues as per our judgement

Names of Audit Firms approved for appointment as Statutory Central Auditors in the 18 Public Sector Banks for the year 2019-20

https://rbidocs.rbi.org.in/rdocs/Content/PDFs/NAFAS16122019B1D3DA122382446580EC225B0BCFA842.PDF

Maharashtra Govt may consider closing local train and bus services temporarily: State Health Minister

Cent Bank Home Finance Ltd Invites Applications For Empanelment As Concurrent Auditors

• Mar, 18 2020
• Cent Bank Home Finance Ltd, Bhopal, Madhya Pradesh
  Invites Applications For Empanelment As Concurrent Auditors
  Address :
  

Will ICAI and ICSI be able to conduct its examinations as scheduled in May and June 2020?

It may seem to early to ask this question but it is apparent in wake of current situation created by coronavirus in India and world at large

As per latest news many states likes Maharashtra, Delhi, Tamil Nadu have announced closure of all schools, colleges, educational institutions, classes, etc. Maharashtra Govt as per reports has

GSTR 9 and 9C due date for FY 2018-19 postponed by GST council

The 39th GST Council took an array of decisions, including an increase in the tax rate on mobile phones and specified parts to 18 percent from 12 per cent. GST on handmade, machine-made matchsticks has been rationalised to 12% while GST on MRO (maintenance repair overhaul) services

Maharashtra Govt orders closure of all accounts in Pvt banks by Mar 31

Mumbai, March 13 (IANS) Cracking the whip, the Maharashtra government on Friday ordered closing of all accounts in private and cooperative banks and shifting them to public sector banks (PSBs).

A notification to this effect was issued here asking all government departments, state public sector

GOOD NEWS! SAN DIEGO LAB INVENTS CORONA VIRUS VACCINE

Corona Virus Disruption: Imp Directives From The ITAT Reg Conduct Of Hearings & Grant Of Adjournments

Click here to read the directives

A book published in 1981 contains story of Coronavirus

Application Form For Empanelment of Concurrent Auditors (Chartered Accountant) Bank of Maharashtra

Application Form For Empanelment of Concurrent Auditors (Chartered Accountant) Bank of Maharashtra
last date is 13-03-2020

FAQ (Points To be Noted):

GST RCM UPDATED LIST AS ON 01.03.2020|GST RCM PAYMENT|GST UPDATED LIST OF GOODS AND SERVICES IN RCM

GSTR1 AMENDMENT FOR FY 2018-19|B2C TO B2B AMENDMENT IN GSTR1 FILING|GST RETURN FILING

Three Infosys employees held for taking bribes from taxpayers

Three Infosys employees, attached to the Income Tax department's Centralised Processing Centre here, were arrested for allegedly taking bribes from tax-payers for speedy processing of their refund, police said on Sunday.
According to police, the key accused among the three was attached to the CPC's data division and

Vacancy for CA/CS in LIC

Click here to apply

ICAI publishes Guidance Note on Audit of Banks 2020 edition

Click here to download

GST PENALTY OF RS 50000 FOR LATE FILING OF GSTR3B

Breaking the corona virus myths

ACCOUNTANTS BE AWARE WHILE DOING ENTRY IN BOOKS|BIG CHANGE IN BUDGET FOR FALSE ENTRY IN ACCOUNTS

MUST DO GST WORK BEFORE 31.03.2020|GSTR9 FILING FOR FY 2018-19|GST CMP 02 FOR COMPOSITION SCHEME

Mumbai Rail Metro Corporation invites tendors for Internal Audit

Click here to download

Cotton Corporation of India invites tenders from chartered accountants to conduct internal audit

Click here to download

EMPANELMENT OF FIRMS (PARTNERSHIP /LIMITED LIABILITY PARTNERSHIP/PROPRIETARY CONCERN) OF PRACTICING CHARTERED ACCOUNTANTS AS TECHNICAL REVIEWERS (TRS)

Click here to download

Baba Ramdev explains how yoga and ayurveda provide effective precaution and cure for Coronavirus

Companies Amendment Rules, 2020- Appointment and Qualification of Directors

MCA vide notification dated 28th February, 2020, extended the last date for registration of Independent Directors in the Data Bank of independent director for next two months i.e. within 5 months from 1st December, 2019.
The Central Government therefore prepare the following standards further to alter the Companies (Appointment and Qualification of Directors) Rules, 2014, i.e. .:-    

Govt GST Lottery Scheme explained win upto Rs.1crore per month

Two new cases of Coronavirus victims confirmed in India