ICAI issues Addendum to the Guidance Note on Bank Audit, 2020

ICAI issues Addendum to the Guidance Note on Bank Audit, 2020

Auditing and Assurance Standards Board of ICAI has issued an Addendum to the Guidance Note on Bank Audit, 2020 Edition to provide guidance to...
Advisory for Statutory Bank Branch Auditors

Advisory for Statutory Bank Branch Auditors

An Advisory for Statutory Bank Branch Auditors is issued by the Institute of Chartered Accountants of India (ICAI) for all the bank auditors for the FY...
Revised UDIN Guidelines for Bank Branch Audit

Revised FAQs on UDIN for Bank Audit

ICAI in its earlier FAQs on UDIN had clarified that UDIN not mandatory for Statutory Bank Audit. However, for all Certificates to be signed while conducting Bank...
Revised UDIN Guidelines for Bank Branch Audit

Revised UDIN Guidelines for Bank Branch Audit

UDIN is not mandatory for Statutory Bank Audit. However, for all Certificates to be signed while conducting Bank Audit, generation of UDIN is mandatory....
ICAI constituted Online Panel of Experts for queries resolution on bank branch audits

ICAI constituted Online Panel of Experts for queries resolution on bank branch audits

Appointment of Statutory Central/Branch Auditors of Public Sector Banks (PSBs) is made in terms of various provisions of the Banking Companies (Acquisition and Transfer...
ICAI and ICAI RVO issues Concept Paper on All About Fair Value

ICAI and ICAI RVO issues Concept Paper on All About Fair Value

ICAI and ICAI RVO issues Concept Paper on All About Fair Value. Financial reporting in India has undergone a significant transformation owing to the...
Covid-19 Related Rent Concessions: ICAI Proposed Amendment to IFRS 16

COVID-19 Related Rent Concessions: ICAI Proposed Amendment to IFRS 16

The implementation of high quality Indian Accounting Standards (Ind ASs) by Indian Companies is a monumental step in the accounting history of India. The Institute of...
Revised (2020) Minimum Recommended Fees for Assignments done by the CA

Revised (2020) Minimum Recommended Fees for Assignments done by the CA [Download Pdf]

ICAI has issued revised (2020) minimum recommended scale of fees for the professional assignments done by the Chartered Accountants for Class ‘A’, Class ‘B’...
fafd-course-icai

ICAI Announces Virtual Classes Of Certificate Course On Forensic Accounting & Fraud Detection

Seeing the current situation of lockdown due to COVID-19 Pandemic, the Digital Accounting & Assurance Board (DAAB) of the Institute of Chartered...

No Interest on delayed GST payments made through ITC: Madras High Court

The Hon’ble Madras HC in its recent decision in the case of Refex Industries Limited v. The Assistant Commissioner of CGST & Central Excise  has...
File DIR-3 KYC, DIR-3 KYC-Web, ACTIVE Form without any Filing Fee

File DIR-3 KYC, DIR-3 KYC-Web, ACTIVE Form without any Filing Fee

MCA has provided again the Opportunity to become compliant by Filing DIR-3 KYC, DIR-3 KYC-Web, ACTIVE Form till 30-09-2020 without any filing fee of...
Refund under gst

ALL ABOUT REFUND UNDER GST

Refund is very important provisions under GST laws and It is granted to eligible taxpayers on meeting out certain conditions. So this article  "All...
TDS on Foreign Remittance

TDS on Foreign Remittance- Detailed Analysis

Objective of section 195: AAR in case of XYZ, In RE: P.No.18 of 1995(1999) 238 ITR 575: “ The objective is to ensure, as best as...
collective leasing of property

No exemption for ‘resident dwelling’ to collective leasing of property for student accommodation: AAR

AAR of Karnataka gave an important ruling dated March 23, 2020 regarding the taxability of services provided by the applicant in a case of...