Ajmer din

ICAI on abstaining from sharing of Firm details intended for comparison of Firms. No. ICAI/ESB/2014/01 It has been brought to the notice of some members that certain entities are seeking details of the Chartered Accountants firms, for the purpose of making ranking of the various Firms through comparison of different parameters. In this regard, Members are hereby informed that sharing of details of their Chartered Accountants firms in the aforesaid manner DOES NOT FALL WITHIN THE PERMITTED CATEGORIES , and would therefore be violative of Item 6 of Part-I of First Schedule to The Chartered Accountants Act, 1949 .  Further, as it is known beforehand that the information regarding firms would be used for ranking purposes, the sharing of such details would tacitly result in claiming superiority of one firm over other, which is prohibited in terms of the Advertisement Guidelines of the ICAI under Item 7 of Part –I of First Schedule to The Chartered Accountants Act, 1949.  Me...

Question: Penalty to be imposed on the assessee is to be based upon the law as it stood at the time that default was committed or upon the law as it stands in the Financial year in which the assessment was made. Suppose an assessee files return of income in response to a notice of reassessment, and any concealment was detected and at that time the laws relating to in position of penalty was different from the provision at the time when the original return was filed. Which law should be applicable in the case. Commissioner Of Income-Tax vs Ram Singh Harmohan Singh on 24 September, 1979 Bench: S Sandhawalia, D Tewatia, G C Mittal ORDER M.R. Sharma, J. 1. In this reference under Section 256(1) of the Income-tax Act, 1961 (hereinafter called " the Act "), the Income-tax Appellate Tribunal, Amritsar Bench, has referred the following question to us for opinion : "Whether, on the facts and in the circumstances of the case, the Tribunal was right in law ...

Episode 1 Download this video and audio Video:  https://drive.google.com/open?id=1yZNkrZ2f_c7PKrArxHpAmGemYOfjo6Cc Audio only:  https://drive.google.com/file/d/14ZQ5dSFjDkwVgYyA35LJnhxSh7vy2u-p/view?usp=drivesdk Episode 2 Download Draft resume :  https://drive.google.com/open?id=18Pds1CrwM5Bx358Qr_kQY_S6qj8O-qKy Episode 3 Draft E-mail Content 1. When you saw any post about vacancy in that firm: Respected XYZ (If E mail mentions the name of person/otherwise name of organization), I found the vacancy in __________ on ________ for the position of _____________, therefore I wish to apply for the same and please find attached my resume. A brief about my qualification and experience is  1. Done _____ from ______  2. Experience of _____ in ______ field 3. Done ______ certification from _______ Thanks ABC (Your Name) 7XXXXXXXXXX5 (Your Mobile number) 2. If you do not know about the vacancy Resp...

The Institute of Chartered Accountants of India has come up with many new frameworks to make professionals more responsible and well trained and updated. With due respect to the fact that this is something going to make the profession more responsible and glorifying future and part of India's nation building. ICAI has come up with a altogether new assessment criteria of getting tests after 1st and 2nd year of articleship but MCQ based assessment is in my opinion will not be a sufficient step in ultimate goal. Following are my view

Hello everyone, welcome to my blog, following are suggested answers of Civil Services Prelim exams 2018 with Explanation. General Studies - I Set C 1. (b) 3-2-1-4 Democratically - Kerala - 1957 Rename of SBI - 1955 Air India - 1953 Goa - 1961/1963 2. (c) A nine-judge bench of the Supreme Court has ruled that Indians enjoy a fundamental right to privacy, that it is intrinsic to life and liberty and thus comes under Article 21 of the Indian constitution. 3 4. (a) Arunanchal Pradesh Pakhui Wildlife Sanctuary (862 km2, 92°36' – 93°09'E and 26°54 – 27°16'N) lies in the foothills of the Eastern Himalaya in the East Kameng District of Arunachal Pradesh 5.  6. (c) Both 1 and 2 1. Capital infusion into public sector bank by government has increased in last decade - Yes they have grew up heavily and recently Injection of 2.11 Lakh crore is plan of government. 2. Associate banks were merged with SBI recently 7. (a) Cereal Grained hulled -...

The following are suggested answers of commerce and accountancy Paper-I of 250 Marks. Exam 2017: Paper -I  1(a)  Topic : Accountancy Marks: 10 Provisions of Indian accounting standards regarding Foreign Exchange transactions:  Indian Standard 21 The effects of changes in foreign exchange rate deals with provisions regarding foreign exchange transactions. An entity may carry on foreign activities in two ways. It may have transactions in foreign currencies or it may have foreign operations. In addition, an entity may present its financial statements in a foreign currency. The objective of the Standard is to prescribe how to include foreign currency transactions and foreign operations in the financial statements of an entity and how to translate financial statements into a presentation currency. Para 23 deals with reporting requirements at the end of subsequent reporting period and at the end of each reporting period: foreign currency monetary item...