Govt. notifies revised India-Cyprus tax reaty and protocol

Government of India notifies the revised India-Cyprus tax treaty and the Protocol signed between the two countries on 18 November 2016.

The provisions of the revised India-Cyprus tax treaty and protocol are to come into effect in India from Financial Year 2017-18.

Refer Notification No. 3/2017/F. No. 504/05/2003-FTD-I dated 10 January 2017.

JhanCAr - Togetherness Networking Carnival for Chartered Accountants | 13th & 14th December 2014

JhanCAr - 'Togetherness & Networking Carnival' for Chartered Accountants

An Event filled with Fun, Frolic and Networking for Chartered Accountants of all age group

LET’S MAKE THIS EVENT A HUGE SUCCESS – WE AWAIT YOUR ACTIVE PARTICIPATION

BCAS strives to evolve continuously, adapt and remain relevant in changing times that has contributed to the longevity of the organization over the last six decades. As a premier voluntary group of Chartered Accountants, BCAS is acclaimed for conceptualizing and implementing innovative events aimed towards enhancing the suitability of its members in an ever-changing dynamic governance environment. In this constant endeavour BCAS has now firmed up its initiative to organise a first-of-its-kind ‘Togetherness and Networking Carnival’ for Chartered Accountants christened as ‘JhanCAr’.

JhanCAr is modelled and driven by an enthusiastic youth-wing of the BCAS under the mentorship of veteran committee members. The idea of JhanCAr evolved from BCAS’s clear objective of having a non-technical and non-academic festival of, by and for the Chartered Accountants with the two key targets of networking and celebrating togetherness. With simultaneous events happening across multiple venues under the premier carnival location of Jashoda Rangmandir(Next to N.M Collage), Juhu, Vile Parle (West); JhanCAr aims to power-pack the two days of 13thand 14th December, 2014 with festivities that would exceed the expectations of participating Chartered Accountants. Register Now!! Limited Capacity!! First cum First Serve Basis!!  Online Registration and Payments: www.bcasjhancar.com Offline Registration Collect forms from BCAS office or Download forms from www.bcasjhancar.com and submit at: Bombay Chartered Accountants' Society, 7, Jolly Bhavan 2, Ground Floor, New Marine Lines, Mumbai – 400020 Events at JhanCAr 2014 Networking Night: Work coupled with Network can create wonders. Recreate the nostalgia and take home a new network at ‘Ek Sham Dosti Ke Naam’ – Register Now Competitions Caravan: Compete in interesting individual and group games get the tagline of‘Khelein Hum Jee Jaan Se’. – Register Now Workshops Wonder: Interesting non-technical workshops and live demonstrations await you at‘Masti Ki Paatshala’. Corporate Connect: A rare occasions to network and connect with leading and relevant corporatesrecommending their best wares at ‘Corporate Mela’. Fun-and-Frolic: For your family and in remembrance of good old days, the ‘Hum Bhi AgarBachche Hote’ fair. Book a Stall now

We look forward to meeting you in person to make JhanCAr a memorable beginning.

More at www.bcasjhancar.com PLEASE FORWARD THIS MESSAGE TO YOUR FRIENDS/COLLEAGUES/ etc. HELP US TO MAKE THIS EVENT GRAND SUCCESS

Team JhanCAr!! Dedicate to Serve Fun-Filled Memories                                                            Key Contacts Chirag Doshi               Kinjal Shah

9820452332             9892100844            em@bcasonline.org

ICAI clarification on applicability of SA 700 on tax audit reports_44AB of ITA - SA 700 deferred by a year only for the limited purpose of tax audit report (emphasis supplied)

ICAI Announcement

Clarification Regarding Applicability of SA 700 on Tax Audit Report under Section 44AB of The Income-Tax Act, 1961. - (05-07-2013) 

As the members are aware that all audit reports in respect of audits of financial statements for period beginning on or after 1st April 2012 are to be issued in accordance with the requirements of SA 700(Revised) - Forming an Opinion and Reporting on Financial Statements. In this regard, ICAI has been receiving mails seeking clarification regarding applicability of SA 700 on tax audit reports, i.e. Form No. 3CA/3CB.

Considering the fact that all tax audit reports are now mandatorily required to be filed online and that the format of tax audit report is prescribed by the Central Government, the Council in its 325th meeting held from 1st June to 3rd June, 2013 decided to defer the applicability of SA-700 (Revised) on the tax audit report under section 44AB of the Income-tax Act,1961 by one year i.e. the requirements of SA-700(Revised) are not applicable for tax audit reports filed up to 31st March, 2014.

ICAI is further taking up the matter with the appropriate authorities so that suitable changes can be brought in the forms relating to tax audit.

Source:  http://www.icai.org/new_post.html?post_id=9687&c_id=219

Procedure for providing Inspection or Certified Copies of Evaluated Answer Books

ICAI has announcd the Procedure for providing Inspection or Certified Copies of Evaluated Answer Books.


Click here to read the full text: Announcement

Announcements - Definition of Relative in Chapter-IV of the Council General Guidelines, 2008 - (29-07-2011)

ANNOUNCEMENT No. ICAI/ESB//2011/02 All the members of the Institute of Chartered Accountants of India (ICAI) are  hereby informed that in terms of its decision taken at the 299th Meeting of the  Council held on 27th – 28th October, 2010, it has been decided that the term  “relative” for the purpose of Chapter-IV of Council General Guidelines, 2008  (Opinion on Financial Statements when there is substantial interest)  will have the same meaning as assigned to it in AS-18..