ICAI Notified CA Direct Tax Final Case Laws Significant ( Relevant for May 2016 Examination ) -Amco Power Systems Ltd 2015 Kar Lumpsum consideration used in Sec. 35AB 90 – Amarnath Agrawal 2015 All Conversion from leasehold to freehold 223 – Bhagat Construction Co. Pvt. Ltd 2015 SC Tax paid by such an assessee is… Read More »
Official announcement from Institute of Chartered Accountants of IndiaManner of Signing of Certificates by Chartered Accountants1. The Council of the Institute of Chartered Accountants of India (ICAI), at its 349th meeting held on 17th and 18th January, 2016 considered an issue relating to manner of signing of certificates by Chartered Accountants. The Council noted that presently… Read More »
ICAI Registration Letter Online Article: Completion of Articled Service Article Re-Registration of the service as an Article clerkArticle: Registration as an Articled Assistant Under Direct Entry Scheme /Transition Scheme of Intermediate (Integrated Professional Competence) Course. Article: Registration as articled assistant and for CA Final Course New Scheme Article: Registration as articled assistant for Group 1… Read More »
Transfer/Termination of Articleship [Regulation 56(1)] The transfer/termination of articleship in terms of Regulation 56(1) of the Chartered Accountants Regulations, 1988 shall be permissible on the grounds as stated below: – I. Transfer /termination of articles is permitted without any restriction during the first year of articles. II. During rest of the articleship period on satisfying… Read More »
Working Hours of Articled Assistants (from ICAI) 1. The articled assistants should undergo practical training in accordance with the Chartered Accountants Regulations, 1988 as explained hereinafter. • The working hours for the articled assistants shall be 35 hours in a week excluding the lunch break. • The office hours of the Principal for providing article… Read More »
CA IPCC November 2015 Pass percentage, analysis & Merit list he Institute of Chartered Accountants of India conducts CA IPCC exams twice in a year in the months of May and November. CA IPCC exams Nov 2015 completed on 15th Nov 2015. After completion of exams, students eagerly waiting for their result. ICAI will announce… Read More »
ICAI recently took the exam of CA IPCC Nov 2015, the lacs of students appeared in the same are waiting eagerly for IPCC result Nov 2015 and below I have updated expected IPCC Nov 2015 results date. Go to : caresults or www.caresults.nic.in for live updates.. (OFficial website) OFFICIAL ANNOUNCEMENTIntermediate (IPC) Examination Results – NOVEMBER… Read More »
CBDT to prescribed the manner of computation ofperiod of stay for an Indain citizen, being a memberof crew of a foreigen bound ship leaving India[section-6(1)] Explanation 2 has been added which provide that in case of individual the period of stay in India be determine in such a manner and subject to the prescribed manner… Read More »
PRESIDENT’S COMMUNICATION My Dear Students, The year 2015 is drawing to an end reminding all of us that another year of our life is blending into history. If January is the month of new resolutions, December is month for introspection. It is the month to look back, analyze and fi nd out what we have… Read More »
Chapter 1Introduction to EconomicsDefinitions of Economics1. Science of Wealth“Economics is a science which enquires in to the nature and causes of wealth of nations.”– Adam Smith 2. Science of Material Well Being“Economics is a study of mankind in the ordinary business of life. It examines that part ofindividual and social action which is most closely… Read More »