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NATIONAL CONCLAVE FOR CA STUDENTS AT AMRITSAR by Amritsar Branch of NIRC of ICAI

NATIONAL CONCLAVE FOR CA STUDENTS AT AMRITSAR to be held on 23rd & 24th January, 2016 ,

Venue: Shree Ram Ashram School, Majitha Road, Amritrsar. Organized by Board of Studies, ICAI and Hosted By Amritsar Branch of NIRC of ICAI .

Theme of the conclave “SPARK THE LIGHT IGNITE THE DREAM”

Chief Guest: Shri Kunwar Vijay Pratap Singh, IPS-DIG Border Range, Amritsar*

For registration contact:

Amritsar…

Provisions relating to Accounts under Companies Act 2013

Provisions relating to Accounts under Companies Act 2013:

Sections covered in this article are

Books of Accounts (Section 128)

Financial Statements (Section 129)

Re opening of books of Accounts (Section 130)

Voluntary Revision of Financial statements or Board’s Report (Section 131)

Constitution of National Financial Reporting Authority NFRA (Section 132)

Financial Statements, Board Report…

Important things relating to CARO report 2015 in short

Important things relating to CARO report 2015 in short

CARO 2015

Applicability – Applies to all companies, including foreign companies,

Except – It is not applicable to Insurance co, banking co, charitable organizations, one person Company & private company with equity of not more than 50 lacks or loan not exceeding 25 lacks or sales not exceeding 5 crores.

Matters to be covered in auditor’s…

Different kinds of audits and implementation and ongoing operation of RBIA

Different kinds of audits and implementation and ongoing operation of RBIA

Types of Internal Audit We all are quiet familiar with Internal Audits. Let me now brief you about the different types of internal audits. Information Systems Audit: Information Systems Audit is conducted to ensure proper functioning of the information system throughout the life of the business.

There are three kinds of…

Know about income tax department

Know about income tax department

  Income Tax Return, Audit is normally filled online at income tax department website. Herein I would like to discuss some basic knowledge about the working of income tax department. Generally, after become CA, it is very hard to go to department for the work of assessee and meet with the official of department because in article life, usually article did office…

How to file Annual Return under section 92 of the Companies Act, 2013

  How to file Annual Return under section 92 of the Companies Act, 2013

  Section 92 of the Companies Act, 2013 corresponds to section 159, 161 and 162 of the Companies Act, 1956and seeks to provide that every Company shall prepare an annual return containing certain particulars such as registered office, principal business activities, particulars of holding, subsidiary, joint venture and…

General errors while filling ST-3 service tax return.

General errors while filling ST-3 service tax return.

In the course of filing of ST-3 return, certain errors may be committed which could result in the return being incorrect and possibly may be liable for rejection. The paper writer has discussed certain such aspects where generally errors are committed suggesting the manner in which these could be mitigated/avoided.

Adjustment of service tax…

financial assistance for Ca student from ICAI

Financial assistance for Ca student from ICAI

Recently on 03 September 2015 icai has released a notification for financial assistance for the period from 1st April, 2015 to 31st March, 2016to be paid in lump sum by The Chartered Accountants’ Students Benevolent Fund (CASBF) for 400 students, who are currently undergoing articled training in accordance with The Chartered Accountants Regulations,…

How to prepare and present Ca IPCC Auditing exam

  How to prepare and present Ca IPCC Auditing exam

The efforts have been made to help you to score at least 60 Marks in CA IPCC Auditing

All those who experienced or believe that Audit is difficult, it may be because we don’t know the art of understanding Audit.

In order to score 60 or more in IPCC Audit or any subject, STRICTLY READ ALL THE TOPICS

No one (EVEN ICAI) can guarantee that the marks…

SEBI proposes to reduce listing norms for startups

SEBI proposes to reduce listing norms for startups

SEBI proposes to reduce listing time by half and relax listing norms for startups

  The SEBI has taken a number of key policy decisions in its Board meeting held on June 23, 2015. This includes streamlining the process of public issues, simplifying the framework of raising capital by start-ups and other companies, etc. Key decisions taken in…

Auditor’s certificate not considered for transfer pricing

Auditor’s certificate not considered for transfer pricing

Auditor’s certificate can’t be a substitute for transfer pricing study to benchmark international transaction

Facts:

a) Assessee reimbursed certain costs and expenses to its associated enterprises (‘AEs’) for coordination and liaison works.

b) Transfer Pricing Officers (TPO) determined the ALP of transactions relating to “reimbursement of…

Sale of Illegal property will not have capital gain

Sale of Illegal property will not have capital gain

Illegally encroached land is not a capital asset; profit arising on its sale is taxable as income from other source

Property illegally encroached by assessee would not be considered as ‘Capital asset’ under section 2(14) and, consequently, gain arising from transfer of such property could not be assessed as capital gain but as income from other…

Expectations from students by ICAI

Expectations from students by ICAI Conceptual knowledge

This is expected from you at every stage of CA examination. Reasons for this are simple:-

You get marks for the conceptual knowledge you are able to present on paper.

You can apply your theory if your concepts are clear. Smart Learning

This is important because the time you get is often short for the portion you are expected to cover. This…

Age limit to become a director under company act 2013 and judgements

  Age limit to become a director under company act 2013 and judgements   

Companies Act : Section 196(3) does not operate as an aberration in the appointment of any Director made prior to the coming into force of the 2013 Act, even in a case where the Managing Director crosses the age of 70 years during the term of his appointment; it also does not interrupt the appointment of a Managing…

Use of industrial training for ca students

There are many advantages in doing industrial training for CA student , especially for the person who are willing to go for corporate after their qualify.

You will become how to be punctual.

You will start dressing formally.

Since you are with people with more experience than you, you will learn lot more in the same amount of time.

You will start…

Work experience at Big four audit firms

Work experience at Big four audit firms,.

At Big four audit firms, you can serve as an internal auditor or an external auditor if you are in audit department. As an external auditor, you get to work with big, complex companies, and it usually takes at least 2 years (sometimes longer) to understand the entire accounting for such companies. The earlier years of the career as an auditor are spent…