In India, there are many Chartered Accountants and Company Secretary professionals who want to keep their data in a proper way and format and without any error. So to keep everything in format, then one must throw out the trend of forms, calculators and pencils and must follow the new trend of following the process online.
While filing the tax, one must be very much careful as taxes are confusing because calculating the tax, managing it and making it error … Read More
The Institute of Chartered Accountants of India ( ICAI ) President CA. (Dr.) Debashis Mitra mentioned that the CA Amendment Act does not mention of Indian Institute of Accountants (IIA).
The Chartered Accountants, the cost and works accountants, and the company Secretaries (Amendment) Bill, 2022 was oriented in the Lok Sabha on 17th December 2021 and hence referred to the parliamentary standing committee on finance. The bill was recognized by both the houses and Lok Sabha passes the same dated … Read More
The President of India, Ram Nath Kovind has submitted the Amendment Bill 2021 to the Chartered Accountants, the Company Secretaries, and the Cost and Works Accountants.
The Chartered Accountants Act of 1949, The Cost and Works Accountants Act, of 1959, and The Company Secretaries Act, of 1980 are the bill amends. Under these three acts, it transforms the disciplinary mechanism that points time – limit for disciplinary proceedings. Whereas, the Board of Discipline and Disciplinary Committee shows more external representation … Read More
The Institute of Chartered Accountants of India ( ICAI ) has initiated the Online Process for Formation of Networking of CA Firms. The online procedure has been initiated for the making of the networking of the CA firms, under the new networking rules approved by the officials in the former year.
The networking tab is available beneath the firm module in the self-service portal (SSP) and the members would now apply via the portal for the approval and the enrollment … Read More
What is XBRL?
It is a language for e-communication of financial and business information for reporting the business. The companies through this standardised communication language which is in electronic form can express, report or file the financial statements. But the only way of presentation and reporting is XBRL. It does not try to execute any modifications in the content to be published. However, these all can be done with the help of a solid XBRL software. XBRL filing is required … Read More
It is necessary for each company to furnish the annual accounts and annual return according to the Companies Act, 2013. The ROC filing is administered under Section 129 (3), 137, of The Companies Act, 2013 along with Rule 12 of the Company (Accounts) Rules, 2014. Under this head, the annual return is administered under Section 92 of the Companies Act, 2013 and Rule 11 of the Companies (Management and Administration) Rules, 2014.
In ROC annual return filing under income tax … Read More