E India CA

Professional Updates for Chartered Accountants

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The Central Government has notified the NAFRA: National Financial Reporting Authority Rules, 2018 on the 13th of November 2018.

In exercise of the powers  conferred under sub section (2) and  (4) of section 132, sub section (1) of section 139 and sub section (1) of  section 469 of the  Companies  Act , 2013 (18 of 2013), the  Central Government has made  the National  Financial Reporting Authority  Rules, 2018. Ministry of Corporate Affairs has notif...

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Modi’s Diwali gift to MSME sector: Here’s full list of 12 decisions announced for small businesses

With elections just seven months away, Prime Minister Narendra Modi has shifted his entire focus on revival of the MSME sector, which may have suffered the most in the wake of demonetisation and the implementation of the Goods and Services Tax (GST). The prime minister launched ‘MSME Support and Outreach Program’ and announced ...

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CA Institute sends notice to IFIN auditor BSR & Associates

The CA Institute has sent a show cause notice to BSR & Associates LLP (BSR), one of the statutory auditors of ILFS Financial Services (IFIN), which is controlled by crisis-ridden Infrastructure Leasing and Financial Services (IL&FS). Global network KPMG conducts audit in India through BSR, an Indian audit firm. The show caus...

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ICAI goes more Stringent against misleading Media Reports: Slams Reports on IT Returns filed by CAs

In a bid to go more stringent towards the medias for shaming the Chartered Accountants profession, the Institute of Chartered Accountants of India ( ICAI ) has sent notice to a reputed daily for publishing an incorrect story on Chartered Accountants. The news item presented recent data released by the 1ncome Tax department wherein it...

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ROC Annual Return due date Extended upto 31 Dec. 2018: MCA

ROC Annual Return due date Extended upto 31 Dec. 2018: MCA MCA has notified that the due date for filing of ROC Annual Return in forms MGT-7 (Annual Return) and AOC-4 (Financial Statement) has been extended upto 31 Dec. 2018 without any levy of additional fee. Earlier, MCA has extended such deadline upto 31 Dec. 2018  for c...

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Invitation for Book release on Companies Act, 2013 (Sept-18), Authored by CA Vineet Jain

YOUNG GLOBAL PUBLICATIONS Cordially invites you to the release of "A user friendly guide" on The Companies Act, 2013 (Along with Rules & Forms up to September, 2018) Authored by CA Vineet Jain (B.Com, FCA, Certified Valuer of ICAI) Chief Guest CA Amarjit Chopra (Past President, ICAI) Guests of Honour CA (Dr.) Girish ...

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SBI to bailout NBFCs? India’s largest bank triples asset purchase target from NBFCs – what Rajnish Kumar says

State Bank of India (SBI) today increased its asset purchase target from Non-Banking Financial Companies (NBFCs), which led to the question if the bank was trying to bail out the financing industry facing liquidity issues. State Bank of India (SBI) today increased its asset purchase target from Non-Banking Financial Companies (NBFCs...

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ITR and Tax Audit Due date extended to 15th October’2018

F.No.225/358/2018/ITA.1I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITt· II Division New Delhi, the 24'h of September, 2018  Order under Section 119 of the Income-tax Act. 1961 On due consideration of representations from various stakeholders for ex...