CA updates

11/12/2016

Download Admit Card for CS December, 2016 Exam.
http://icsi.indiaeducation.net
All the Best.. !!

ICSI Admit Cards, CS Admit Card, Company Secretary Examinations
icsi.indiaeducation.net

The Institute of Company Secretaries of India (ICSI) publishes E-Admit Cards officially here for CS Examinations for its June and December Sessions every year

11/12/2016

ANNOUNCEMENT OF KYC NORMS
All the members of Institute of Chartered Accountants of India (ICAI), who are in practice, are hereby informed that the Council has formulated the Know Your Client (KYC) norms at it’s 356th Meeting held on 29th, 30th June and 1st July, 2016.
KNOW YOUR CLIENT (KYC) NORMS
The financial services industry globally is required to obtain information of their clients and comply with KYC norms.
Keeping in mind the highest standards of Chartered Accountancy profession in India, the Council of ICAI thought it necessary to issue such norms to be observed by the members of the profession who are in practice.
In light of this background, the Council of ICAI approved the following KYC Norms which are mandatory in nature and shall apply in all assignments pertaining to attest functions.
1. WHERE CLIENT IS AN INDIVIDUAL/ PROPRIETOR
A. GENERAL INFORMATION
 Name of the Individual
 PAN No. or Aadhar Card No. of the Individual
 Business Description
 Copy of last Audited Financial Statement
B. ENGAGEMENT INFORMATION
 Type of Engagement
2. WHERE CLIENT IS A CORPORATE ENTITY
A. GENERAL INFORMATION
 Name and Address of the Entity
 Business Description
 Name of the Parent Company in case of Subsidiary
 Copy of last Audited Financial Statement
B. ENGAGEMENT INFORMATION
 Type of Engagement
C. REGULATORY INFORMATION
 Company PAN No.
 Company Identification No.
 Directors’ Names & Addresses
 Directors’ Identification No.
3. WHERE CLIENT IS A NON-CORPORATE ENTITY
A. GENERAL INFORMATION
 Name and Address of the Entity
 Copy of PAN No.
 Business Description
 Partner’s Names & Addresses (with their PAN/Aadhar Card/DIN No.)
 Copy of last Audited Financial Statement
B. ENGAGEMENT INFORMATION
 Type of Engagement
These norms shall come into force w.e.f 1st January, 2017

02/12/2016

Many Students have a query regarding, when will the GST bill passed recently will be applicable for CA IPCC and Final Exams. Clarification on GST Applicability for CA Exams (Unofficial) :
http://finapp.co.in/gst-applicability/..

GST Applicability for CA IPCC and CA Final Exams is a trending question. GST Bill has been passed very recently by the Rajya Sabha and CA Students are in confusion whether GST will be applicable for CA IPCC May 2017 and CA Final May 2017 exams. Also, we get queries regarding, From which attempt GST…

02/12/2016

New Revised CA IPCC Curriculum from 2017:
http://finapp.co.in/ipcc-new-syllabus/

The New IPCC Syllabus is in final stages of Drafting and will get its Approval in Late December. Once Approved, the new IPCC Syllabus will become applicable from 2017. The new syllabus will be applicable to students who will register for IPCC after March 2017. Existing students who have registered u...

02/12/2016

Imp News:
A Record Salary of Rs.75 Lakhs was offered to one of the CA Qualified in the recent campus interviews. Salaries for Rankers and Other Students are also provided here:
http://finapp.co.in/salary-package/...

CA Salary in India and Salary Packages for Chartered Accountants in 2016 is provided as per the market conditions. The average Salary for CA hasn’t changed much in the recent years. It is true that, the Demand has come a little down, but, its not at all bad. CA Students who cleared CA final are gett...

02/12/2016

Highly confidential list of Highest Income Tax Payers along with Tax Paid in India released :
https://goo.gl/DLTT1X..

The List of Highest Celebrity Individual Tax Payers in India is provided below. These Celebrity Tax payers are from multiple industries. It is known fact that Movies and Cricket enjoy the highest following in India and it is no shock that most of the Highest Individual Tax Payers in the list are fro...

01/12/2016

Content Writer Vacancy at CAknowledge, Vacancy for Content Writer at CAknowledge.in (Urgent Hiring). Require Content Writers for Various Sectors at CAknowledge.in. CAknowledge.in is a Jaipur based company, CAknowledge.in was founded in year 2014, we are providing numerous Finance Information, Career Information, technologies and designing solutions in various areas of business

01/12/2016

Here is the list of Top Articleship Firms in INDIA. We are here providing the INDIA's Top 20 Auditing Firms where most of the students desired to go for Articleship after IPCC. If you choose to do Articleship from top 20 CA firm in India, It will definitely add value to your Career. The Discipline and Knowledge required during the articleship training will help you to choose your career options once you get qualified as CA. [ 1,423 more word ]

01/12/2016

Indian Institute of Insolvency Professionals of ICAI - Register as an Insolvency Professionals with IIIPI

The Indian Institute of Insolvency professionals of ICAI is a section 8 Company formed by the Institute of Chartered Accountants of India to enroll and regulate insolvency professionals as its members in accordance with the Insolvency and Bankruptcy code 2016 and read with regulations.

For more details please visit
http://www.iiipicai.in/

Indian Institute of Insolvency Professionals of ICAI (Company formed by ICAI as per Section 8 of the Companies Act 2013)

01/12/2016

Updates
1) Deloitte biggest audit firm in 2015, charged Rs 225 crore in fees: Prime Databse - http://m.economictimes.com/articleshow/50670250.cms
2) CBDT: Senior IRS officer Atulesh Jindal appointed new chairman (CBDT).
3)CL:Circular No. 02/2016:HUF or its Karta can not become Partner or Designated Partner in LLP.
http://mca.gov.in/Ministry/pdfGeneral_Circular_2_2016.pdf
4) DEFECTIVE NOTES: RBI printed 1000 rupee fake notes(as without silver thread feature) by mistake, notes printed in 5AG and 3AP series, which are in circulation. The RBI has issued instructions to all banks to provide exchange value in case consumers approach them with the faulty notes.
http://www.casansaar.com/news-RBI/RBI-prints-1000-rupee-fake-notes-by-mistake-notes-printed-in-5AG-and-3AP-series/7616.html
5) ITC BANK: There is a bank called ITC Bank with domain www.itcbank.com and it dosn't belong to ITC Ltd, its a co operative bank operative since 1918, 8 years after Imperial To***co Company came into existence. ITC Ltd loss the case against Kerala based Irinjalakuda Town Co-operative Bank (ITC Bank) for domain right at World Intellectual Property Organisation at Geneva.

All the players saw a jump in the number of companies audited from a year before except KPMG, which had audited 60 companies in 2013/14.

01/12/2016

With long queues continuing at banks and ATMs, now petrol pumps will also dispense Rs 2,000 cash per person per day, state-run Doordarshan announced in a tweet on Thursday.
"Cash to be dispensed at 2,500 petrol pumps; Cash to be given by swiping of debit/credit card via POS (Point of Sale) machine," tweeted.
"Rs 2,000 per person per day in cash can be dispensed. Facility to be extended to over 20,000 petrol pumps," the tweet said.
The measure comes following the demonetisation of Rs 500 and Rs 1,000 currency notes by the government on November 8, that has triggered long queues at banks and ATMs across the country to deposit or exchange the scrapped notes and withdraw cash.

01/12/2016

#4 What is GSTN?
Goods and Services Tax Network (GSTN) is a non-profit non-government company, which will provide shared IT infrastructure and service both central and state governments including tax payers and other stakeholders. The Frontend services of registration, Returns and payments to all taxpayers will be provided by GSTN. It will be the interface between the government and the taxpayers.
What is the role of in GSTN ?
GSTN has engaged M/s Infosys as a single Managed Service Provider (MSP) for the design, development, deployment of GST System, including all application software, tools and infrastructure and operate & maintain the same for a period of 5 years from Go-Live.