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Tax 1. Within 2 years, Tax assessment will be done electronically 2. IT returns processing in just 24 hours 3. Minimum 14% revenue of GST to states by Central Govt. 4. Custom duty has abolished from 36 Capital Goods 5. Read more…


The official website of the Institute of Chartered Accountants of India ( ICAI ) is down just before announcing the CA Exam Results at 6 p.m today. ICAI is on a scheduled maintenance on its Information Systems on account of Read more…


Introduction to GST Audit GST is a trust-based taxation regime wherein the assessee is required to self-assess his returns and determine tax liability without any intervention by the tax official. Therefore a tax regime that relies on self-assessment has to Read more…


Introduction: A GST accounting software is a class of computer programs that enable you to manage your business’s financial transactions. Such programs can vary widely in scope, with some programs designed for little more than simple bookkeeping and some designed Read more…


To enable TCS do the huge data migration and data audit which will require around 30 days before the UDIN Platform becomes mandatory, Central Council of ICAI has decided to mandate UDIN w.e.f 1st Feb., 2019 in a phased manner Read more…


GST on Advertisement income from social media. Taxation for Bloggers/ You Tubers: According to Section 7 of CGST Act, 2017, every supply whether goods or services or both(except few) are treated as supply under GST, That means, bloggers covered under GST Read more…


Naveen N. D. Gupta, President, ICAI said “Reforms are a continuous process and ICAI is in seize of problems and is continuously working towards resolving issues of the students. The students & CA fraternity is working together for a common Read more…


Ministry of Corporate Affairs 17.12.2018 Subject:- Amendments in the Companies (Incorporation) Rules, 2014 – reg. name availability NOTICE INVITING COMMENTS Draft amendment to rule 8 of the Companies (Incorporation) Rules, 2014 is attached as an Annexure-A to this notice. This amendment Read more…


The Institute of Chartered Accountants of India (ICAI) is a statutory body set up by an Act of Parliament namely, The Chartered Accountant Act, 1949. ICAI is the second largest accounting body in the world and is known for education Read more…


The names listed by the ICAI include three top-notch audit firms – Deloitte Haskins & Sells, BSR & Associates LLP and SR Batliboi. The statutory auditors of Infrastructure Leasing and Financial Services (IL&FS) Ltd – the parent company of debt-laden Read more…


ICAI has published its 69th Annual Report and Audited Accounts. The Report has been published in accordance with the provisions of sub-section (5B) of Section 18 of the Chartered Accountants Act 1949. Press release of the same is given below for reference: Read more…

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