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Saturday, November 23, 2019

Registration open for Certificate Course on Forensic Audit

CII's Annual Roadshow on Competition Law and Practice on Saturday, 30 November 2019 in Mumbai/media/portals/0/new.gif

ICAI releases exposure draft for comments on Code of Ethics

ICAI chain of events on CA examination process post recent student protests

Developer of land is not a seller, liable to pay GST, rules AAR

Selling land does not attract the Goods and Services Tax, but if some one develops and sells a parcel, then it comes under the GST ambit, according to the Authority of Advance Ruling (AAR) in Karnataka.
Bengaluru-based Maarq Spaces Private Ltd had entered into a Joint Development Agreement (JDA) with landowners for the development of a parcel of land into a residential layout along with specifications and amenities. The

Friday, November 22, 2019

What is Air Quality Index? How it is affecting you

PM2.5 AQI Chart Hazardous is 301 to 500. The entire population is more likely to experience serious health effects and should avoid all

ICAI announces Scholarship to Students of CA Course for the Year 2019-20


The Board of Trustees of the Chartered Accountant Students Benevolent Fund (CASBF) has decided to provide financial assistance/scholarship for amount of Rs. 1500/- PM, to students who are registered in CA Intermediate /IPCC course and serving articled training as well as amoun

Thursday, November 21, 2019

Sony in talks to acquire stake in Mukesh Ambani's Network18

With the aim to tap the thriving demand for content in India, Sony presently is carrying out due diligence on Network18 before it comes up with any likely offer


Ambani through a network of subsidiaries owns a controlling stake in

Wednesday, November 20, 2019

RBI supersedes DHFL board

Mumbai: The Reserve Bank of India (RBI) on Wednesday superseded the board of Dewan Housing Finance Corp Ltd (DHFL) and appointed an administrator in its place, a step towards referring the company to the National Company Law Tribunal (NCLT).

Tuesday, November 19, 2019

New Chief Justice of India Sharad Arvind Bobde swearing in ceremony. Takes blessing of his mother infront of President


Delhi HC upholds ICAI's decision not to entertain complaint filed against Auditor after 7 years of Signing Audit Report

The Delhi High Court has upheld the Institute of Chartered Accountants of India ( ICAI’s) decision to not to entertain the complaint filed against the Auditor after seven years of signing Audit Report.
The petitioner has filed the present petition impugning an order dated 1st February, 2019 passed by

ICSI announces final round of quiz winner to be awarded Rs.50000/-

Reliance Jio Likely to Revise Tariff Rates Soon


Mukesh Ambani led telecom operator Reliance Jio released an official statement saying: "As per media reports, we understand that TRAI (Telecom Regulatory Authority of India) is likely to initiate a consultation process for revision of telecom tariffs. Like other operators, we will also work with the Government and comply with the regulatory regime to strengthen the industry to benefit Indian consumers and take measures including an appropriate increase in tariffs in next few weeks in a

Government to offer CA coaching to students

It will be offered soon after their plus two public examinations: Minister

Minister for School Education, Youth Welfare and Sports Development K.A. Sengottaiyan has said the government has proposed to unveil an ambitious scheme to offer Chartered Accountant (CA) coaching for students soon after their plus two public examinations.
Addressing after launching a special literacy programme by the Directorate of Non-Formal and Adult

Monday, November 18, 2019

Yes bank's statutory auditor BSR & Co now wants a fresh audit,


Expressing its displeasure over the way the special audit of a whistleblower's complaints against YES Bank and its founder Rana Kapoor was conducted by Vadodara-based JLN US & Co, the bank's statutory auditor BSR & Co now wants a fresh audit, according to a report in Mint.
Moneycontrol could not independently verify the report.
JLN in its report said it had limited access to documents

Bharti Airtel to increase tariffs from December, 2019

Vodafone Idea to increase tariffs from December 1

Beleaguered wireless operator Vodafone Idea said it will “suitably” increase the prices of its tariffs from December 1 2019, pointing to the financial stress in telecom and stressing that mobile data charges in India are by far the cheapest

Sunday, November 17, 2019

Airtel withdraws bid for RCom assets sale, cites 'unfair' conduct by CoC

Telecom operator Bharti Airtel has withdrawn its bid to purchase assets of Reliance Communications (RCom) after terming the move of committee of creditors to extend the bid submission deadline on the request of Reliance Jio as

Change of Venue in Ahmedabad City (Gujarat), in respect of November 2019 Exams ---------------------

 THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA [Set up by an Act of Parliament]
Important Announcement
November 17th, 2019
Change of Venue in  THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA [Set up by an Act of Parliament]
Important Announcement
November 17th, 2019
Change of Venue in Ahmedabad City (Gujarat), in respect of November 2019 Exam

Salaries are not subject to GST, clarifies CBIC


Salaries are not subject to Goods and Services Tax (GST), the Central Board of Indirect Taxes and Customs (CBIC) clarified on Friday, adding that no GST has been demanded on salaries paid to chief executive officers or employees. Reports that tax authorities want to impose GST on salaries paid to employees is factually incorrect and misrepresents tax authorities, it said in a statement. The CBIC said that GST law position clearly states under Section 7(2) read with schedule three of the Central GST Act 2017 that salaried services by an employee to an employer will be treated neither as a supply of goods
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