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Mumbai: 18 months on, Bandra station to BKC bus services resume

Nullah widening work by civic body had made a bus stop outside the station unusable; commuters had to walk 250 metres for other buses

Mumbai , Maharashtra , India , Bandra , Manoj-varade , Shadab-khan , Ca-institute , Bandra-terminus , Bandra-colony , Tata-colony , Diamond-market

Mumbai: BEST resumes six routes connecting Bandra station and terminus with BKC

Mumbai: BEST resumes six routes connecting Bandra station and terminus with BKC

Bandra , Maharashtra , India , Mumbai , Kurla , Manoj-varade , Ca-institute , Bandra-kurla-complex , Brihanmumbai-electricity-supply , Bandra-terminus , Bandra-colony

ICAI issues exposure draft of self-evaluation matrix for audit firms

Centre for Audit Quality expected to issue the final version on July 1

India , Nihar-jambusaria , Institute-of-chartered-accountants-india , Centre-for-audit-quality , Central-council , Punjab-national-bank , Audit-quality-maturity-model , Audit-quality , Peer-review , Chartered-accountants , Corporate-india , Nirav-modi

ICAI proposes to continue relaxation on lease accounting - The Hindu BusinessLine

ICAI proposes to continue relaxation on lease accounting
K.R.Srivats
New Delhi |
Updated on
April 12, 2021
Lease modification requires re-computation of lease liability using discount rate - istock.com/cnythzl×
Move will bring respite to airlines, multiplexes, hotels
With Covid-19 continuing to wreak havoc on the Indian economy, the CA Institute proposed to extend by one year the validity of an existing pandemic induced accounting relief on ‘leases’, bringing some respite especially for players in airlines, retail, multiplexes, hotel and telecom sectors.
If and when approved, the lessees can account for the rent concessions (rent holiday, rent reductions) that they may receive from lessors during the pandemic as if they are not lease modifications for another one year from June 30, say accounting experts. The ICAI—which had issued an exposure draft for the proposed change in Ind AS 116 (leases) that became mandatory from April 1, 2019—is now following the International Accounting Standards Board. The original accounting relief was extended last year soon after the pandemic.

Sandip-khetan , Ashok-haldia , National-leader , Financial-accounting-advisory-services , International-accounting-standards-board , International-accounting-standards , Icai , Ca-institute , Co-vid , Lease , Accounting , சண்டீப்-கேட்டான்

ICAI reads out riot act to members, students - The Hindu BusinessLine

ICAI reads out riot act to members, students
February 15, 2021
Cautions them against using social media to tarnish the image of the profession
CA Institute members and students watch out. The Institute of Chartered Accountants of India (ICAI) has cautioned them against taking to social media to post any content that tarnishes the image of the CA profession or the Institute in the eyes of the public.
According to the Institute, the punishment for any such action could be as harsh as initiating disciplinary proceedings against the member concerned and even cancellation of registration of the student, thereby preventing the student from pursuing a career in chartered accountancy.

India , Amarjit-chopra , Institute-of-chartered-accountants-india , Corporate-affairs-ministry , Chartered-accountants , Chartered-accountants-act , Past-president , Ca-institute , Social-media , Social-media-posts , Twitter , Ca-exams

Budget 2021: Removing GST audit will be retrograde step, ICAI tells govt

February 10, 2021
Atul Kumar Gupta, outgoing President of ICAI×
The CA Institute has knocked the doors of the Prime Minister’s Office and the Finance Minister seeking a withdrawal of the Budget proposal to do away with mandatory annual audit and reconciliation statement certification by a chartered accountant in respect of Goods and Services Tax (GST).
The Budget has — in an apparent business-friendly move — proposes to amend the Central GST law to allow filing of annual returns on a self-certification basis. It has also empowered the commissioner to exempt a class of taxpayers from filing of annual returns.
This Budget proposal has left the chartered accountants fraternity in a state of shock, prompting the CA Institute to demand a rollback of the move.

Himachal-pradesh , India , Hamirpur , Uttar-pradesh , Amarjit-chopra , Anurag-singh-thakur , Kumar-gupta , Services-tax , Corporate-affairs , Prime-minister , Finance-minister , Atul-kumar-gupta