Revised Scheme of Education and Training for CA Course, FAQs and Implementation Schedule The Institute of Chartered Accountants of India (ICAI) has formulated the Revised Scheme of Education and Training in lines with International Education Standards issued by International Federation of Accountants (IFAC) after considering the inputs from various stakeholders. The Revised Scheme of Education… Read More »
Demonetization impact on Audit Report for FY 2016-17 In one of the historical reforms of the economy of India, Rs 500 and Rs 1,000 notes were banned effective from Tuesday midnight i.e on midnight of 08.11.2016. Lets study demonetization impact on Audit Report . Demonetization impact on Audit Report : Notifications of Ministry of Company Affairs… Read More »
FM: In last three years, the present Government restored the credibility of the Indian Economy and the Government, introduced market mechanism based decision making process and eliminated the Government discretions among others. The Union Minster of Finance, Defence and Corporate Affairs, Shri Arun Jaitley said that after the present NDA Government came to power in… Read More »
Exchange Rate of Foreign Currency relating to Imported and Export Goods Notified In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs (CBEC) No.49/2017-CUSTOMS (N.T.), dated 18th May, 2017, except as respects things done… Read More »
New Functionalities released under NPS to provide the ease of operation for the benefit of subscribers and nodal offices. Pension Fund Regulatory and Development Authority (PFRDA) takes various initiatives from time to time in order to simplify and improve the operational issues in National Pension System (NPS) like new functionality development under NPS architecture, simplification… Read More »
Last date for one time exemption given to associations for filing Annual Returns is June 14th, 2017 Government has given one final opportunity to all associations/ organizations which have applied for renewal of their registration under the Foreign Contribution (Regulation) Act, 2010 (FCRA) but have not uploaded their Annual Returns from Financial Year 2010-11 to… Read More »
Section 12 of Sikkim GST Act 2017 [ Section 12 of Sikkim GST Act 2017 explains Time of supply of goods and is covered in CHAPTER IV TIME AND VALUE OF SUPPLY ] [ Enforced with effect from 1-7-2017. ] Time of supply of goods 12. (1) The liability to pay tax on goods shall arise at the time of supply, as… Read More »
IRS Approves First Group of Certified Professional Employer Organizations; More Expected in Coming Months WASHINGTON — The Internal Revenue Service today issued notices of certification to 84 organizations that applied for voluntary certification as a Certified Professional Employer Organization (CPEO). After the IRS receives the required surety bond from an approved CPEO applicant, the IRS… Read More »
IRS Face-To-Face Help Is Now By Appointment Taxpayers who need in-person help from an IRS Taxpayer Assistance Center (TAC) need to call to schedule an appointment. All TACs provide service by appointment. They are an essential service the IRS provides when a tax issue cannot be resolved online or by phone. Consider the self-service options… Read More »
Section 194IB Income Tax Act, 1961 – FA, 2018 Summary of Section 194IB Income-tax Act 1961 Section 194IB of Income Tax act Inserted by the Finance Act, 2017, w.e.f. 1-6-2017. Section 194IB Income Tax Act 1961 1[Payment of rent by certain individuals or Hindu undivided family. 194-IB. (1) Any person, being an individual or a Hindu undivided… Read More »