Posted On:  3 months ago


An open letter to the newly elected President of ICAI

Firstly, congratulations on assuming the highest office of the Institute. I hope you would feel honoured of having been given an opportunity to serve the CA fraternity while your partners at office are busy reeling in the additional client workload on your behalf which you have been getting for your firm from the time you got elected as a Central Council Member. You would now be signing several more MOUs for the ICAI at exotic locations which benefit just a few members but we are not complaining about it because talk about priorities and you just have 1 year in office.

article author Hardik Shah

Posted On:  4 months ago


100 Key Highlights of Union Budget 2018 presented by FM Arun Jaitely FY 2018-19

No changes in person tax structure for salaried class and No change in Slab Rates 1.44 lakhs crores paid by salaried tax payers.  Standard deduction of Rs 40,000 for salaried taxpayers, in lieu of transport and medical reimbursements for salaried classes Govt will have a scheme to give every enterprise in India a unique ID

article author CA Chirag Chauhan

Posted On:  4 months ago


Chairman CBEC’s weekly newsletter dated 25.01.2018

On 20th January 2018 I was privileged and happy to be a part of the bhoomi puja on the land for the Zonal Training Institute, NACIN, Hyderabad.

article author One Roof Consultant

Posted On:  4 months ago


List of CBEC Officers to receive Presidential Award on Republic Day, 2018

Grant of Presidential Award of Appreciation Certificate to the officers of Customs & Central Excise on the eve of Republic Day, 2018

article author One Roof Consultant

Posted On:  8 months ago


GST FAQ on Government Services

These include services provided by government or a local authority or governmental authority by way of any activity in relation to any function entrusted to a municipality under Article 243W of the Constitution and services by a governmental authority by way of any activity in relation to any function entrusted to a Panchayat under article 243G of the Constitut

article author CA Chirag Chauhan

Posted On:  9 months ago


Monthly Summery of MCA for the month of July, 2017

A circular was issued to clarify that exemption from section 143(3)(i) of Companies Act, 2013 [reporting on internal financial controls by auditors in their audit reports] given through notification dated 13th June, 2017 shall be applicable for those audit reports in respect of financial statements for financial years commencing on or after 01/04/2016, which are made by auditors after the date of such exemption notification. (General Circular No. 08/2017 dated 25.07.2017).

article author One Roof Consultant

Posted On:  9 months ago


Right of Children to Free and Compulsory Education (Amendment) Act, 2017

The following Act of Parliament received the assent of the President on the 9th August, 2017 and is hereby published for general information:— An Act further to amend the Right of Children to Free and Compulsory Education Act, 2009.

article author One Roof Consultant

Posted On:  9 months ago


Over 11.44 lakh PAN cards deactivated How to check if your is active and process to activate

The government has deleted or de-activated over 11.44 lakh permanent account numbers (PANs). This was informed by minister of state for finance Santosh Kumar Gangwar in a written reply to the RajyaSabha.11,44,211 PANs have been identified and deleted or de-activated in cases where multiple PANs were found allotted to one person. 

article author CA Chirag Chauhan

Posted On:  10 months ago


How to make family constitution in India

A Family Constitution is a system of joint decision-making, most often by a board of directors and a family council, which helps the owner family govern its relationship with its wealth and enterprises. It is often assisted in this mission by a family constitution capturing the family’s vision and important family values, a family employment policy setting the requirements for the employment of family members in the firm or family office, an ownership

article author Varsha Kewalramani

Posted On:  1 year ago


Top 9 landmark cases and judgments that brought a change in India

Vodafone was embroiled in a $2.5 billion tax dispute over its purchase of Hutchison Essar Telecom services in April 2007.  The transaction involved purchase of assets of an Indian Company, and therefore the transaction, or part thereof was liable to be taxed in India as per the allegations of tax department. Vodafone Group entered India in 2007 through a subsidiary based in the Netherlands, which acquired Hutchison Telecommunications International Ltd’s

article author Dharmesh Jain

Posted On:  1 year ago


Special Clearing operations of banks on March 30 and 31, 2017

A reference is invited to the circular issued by our Department of Government and Bank Accounts (DGBA.GAD.No.2377/42.01.029/2016-17 dated March 16, 2017) on ‘Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2016-17)

article author One Roof Consultant

Posted On:  1 year ago


Presidents Assent for Law on Cessation of RBI Liability on demonetised bank notes

The Reserve Bank may, if satisfied, after making such verifications as it may consider necessary that the reasons for failure to deposit the notes within the period specified in the notification referred to in section 3, are genuine, credit the value of the notes in his Know Your Customer compliant bank account in such manner as may be specified by it.

article author One Roof Consultant

Posted On:  1 year ago


Donald Trump sworn in as 45th US President. Read the Complete inaugural Speech

Friends, delegates and fellow Americans: I humbly and gratefully accept your nomination for the presidency of the United States. Together, we will lead our party back to the White House, and we will lead our country back to safety, prosperity, and peace. We will be a country of generosity and warmth. But we will also be a country of law and order.

article author One Roof Consultant

Posted On:  1 year ago


Master Directions on Access Criteria for Payment Systems

A reference is invited to our circular DPSS.CO.OD.494/04.04.009/2011-2012 dated September 21, 2011 prescribing the Access Criteria for Payment Systems. These Master Directions, being issued under Section 10(2) read with Section 18 of Payment and Settlement Systems Act 2007 (Act 51 of 2007), consolidate and update all the instructions issued on the subject up to December 31, 2016 and placed on the web-site of the Reserve Bank of India (www.rbi.org.in

article author One Roof Consultant

Posted On:  1 year ago


Procedure for registration under Societies Registration Act 1860 – It’s Advantages, rights & duties & other relevant matter’s

Individuals who want to come together for doing something for the betterment & upliftment of the larger section of the society usually come across a number of hindrances. They are at times misguided or are ignorant of how to go about to work as a non-profit organization. One of the ways to get over this hindrance is formation and registration of a society.  However, most of us are not really aware of the process of the registration of society or how it is to be registered. Moreover, whether it is to be registered or not and what is the procedure etc are other question which come across are minds.

article author CA Chirag Chauhan

Posted On:  1 year ago


Declaration form to be filled up by NRIs for depositing Specified Bank Notes (SBNs) on arrival

In terms of Gazette Notification No 2652 dated November 08, 2016 issued by the Government of India, 500 and 1000 denominations of Bank Notes of the existing series issued by Reserve Bank of India (hereinafter referred to as Specified Bank Notes (SBNs) ceased to be legal tender with effect from November 09, 2016 to the extent specified in the said notification.

article author One Roof Consultant

Posted On:  2 years ago


Goods and Services Tax Bill

is a national Value Added Tax to be implemented in India from 1st of April 2017. This a comprehensive indirect tax covering both supply of Goods and services ranging from manufacture, production, sale and consumption throughout India. The introduction of Goods and Services Tax (GST) would be a significant step in the reform of indirect taxation in India.

article author CA NITIN HARGUDE

Posted On:  2 years ago


Constitution of Expert Group to look into issues related to Audit firms

Several audit firms have represented about adverse impacts on Indian audit firms due to the structuring of certain audit firms leading to circumvention of various regulations, manner in which auditor rotation requirements is being implemented by companies, and imposition of restrictive conditions by foreign investors with regard to auditor appointment by companies. In order to examine the above and related issues and make

article author One Roof Consultant

Posted On:  2 years ago


G.S.T - one nation, one tax in brief

In today’s article we will share some basic details of G.S.T being ONE NATION, ONE TAX. G.S.T is much politically talked & debated topic in the recent past. In fact, it has also got lots of attention from around the world apart from the common peoples of India.

article author CA BHAVESH HINGU

Posted On:  2 years ago


Govt notifies service rules of Income Tax & Wealth Tax Settlement Commission

In exercise of the powers conferred by the proviso to article 309 of the constitution, the President hereby makes the following rules to amend the Settlement Commission (Income Tax and Wealth Tax) (Recruitment and Conditions of Service of Chairman, Vice-Chairman and Members) Rules, 2015 namely

article author One Roof Consultant