WisdomCA

ICAI Advisory for Members, Students and Public at Large in respect of Fake Social Media Pages

ICAI Announced an announcement on 14/05/2020 regarding fake social media pages which are misleading and creating false impression on ICAI. ICAI Announcement is as follows:- Kind Attention: All Members, Students of the Institute of Chartered Accountants of India (ICAI) and Public at Large. This is to inform all the Members and Students of ICAI and […]

WisdomCA

ICAI is providing 75% Concession in Registration Course Fee

75% Concession in Registration Course Fee for all levels of CA Courses for the Candidates/ Students from Newly formed Union Territories of Jammu & Kashmir and Ladakh and for 8 North-Eastern States. Candidates/Students from newly formed Union Territories of Jammu and Kashmir, Ladakh and 8 North-East States, namely, Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, […]

WisdomCA

RBI Announces ₹ 50,000 crore Special Liquidity Facility for Mutual Funds (SLF-MF)

RBI Notified on 27th April 2020 Heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual funds (MFs), which have intensified in the wake of redemption pressures related to closure of some debt MFs and potential contagious effects therefrom. The stress is, however, confined to the high-risk debt MF segment […]

WisdomCA

Reverse Charge On GST

Normally, seller collects GST from Buyers and pays it to the government. But In some cases buyers pay GST directly to the government. This is called reverse charge on GST. There are two type of reverse charge scenarios provided in law. First is dependent on the nature of supply and/or nature of supplier. This scenario […]

Risk Management
WisdomCA

CA Final Risk Management Notes

The new CA Final syllabus has a new introduction of an optional paper where students can choose one from six available options. The examination is designed to be an open book case study examination. Here I am sharing CA Final Risk Management Notes which were issued by ICAI. These CA Final Risk Management Notes are […]

WisdomCA

Budget Highlight 2020

60 lakhs new taxpayers added via GST introduction New simplified GST returns from April 2020 FDI elevated during period 2014-2019 to $284bn Central government debt reduced to 48.7% of GDP in 2019 16 points action plan for agricultural & irrigation sector under aspirational India New Education Policy will be announced soon ECB and FDI will […]

WisdomCA

President’s Message – November 2019 – (31-10-2019)

My dear Professional Colleagues, Overarching principles like morality, selflessness, ethics and integrity guide every tiny nuance of all spheres of our lives, whether it is social, political, economic or professional. Their importance goes beyond establishing the distinction between right and wrong, instead they form the very foundational structure of our society. Mahatma Gandhi gave us […]