Mutual Funds A mutual fund is a common pool of money into which investors place their contributions that are to be invested in different types of securities in accordance with the stated objective. A mutual fund is just a medium of method of investment. Through this medium of mutual funds, investors can indirectly invest in […]
WisdomCA
ICAI Important Announcement on CA Exam July 2020
ICAI has recently announced a very important notification about CA Exam July 2020 on 15/06/2020 which is as follows:- During last few days, we have received mixed expression of opinions, views and requests from students, both relating to holding exams as per the schedule issued by The Institute of Chartered Accountants of India commencing from […]
ICAI Adv. ICITSS Home Based Test
ICAI has announced Advanced ICITSS Test which is home based. Date of announcement is 10/06/2020 Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS) -Adv. Information Technology Test – Home Based Mode It has been decided to conduct Advanced ICITSS – Adv. IT Test – Home Based Mode on the following date only […]
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 […]
ICAI Mock Test Papers (Series-1) for July 2020 CA Examination
ICAI has announced Mock Test Papers (Series-1) for July 2020 CA Examination on 08/05/2020. This is the first time that ICAI is going to conduct Mock Test LIVE. Board of Studies of ICAI is commencing the Mock Test Papers (Series-1) from May 11 till 27, for July 2020 CA Foundation, IIPC & Intermediate ; Final […]
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, […]
Draft Regulation to change in CA course registration criteria
ICAI has asked for suggestion for the draft regulation to change in CA registration criteria. Suggestion can be sent on [email protected] by email. Draft Regulations (1) These regulations may be called the Chartered Accountants (Amendment) Regulations, 2019.(2) They shall come into force on the date of their final publication in the Official Gazette. In the […]
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 […]
Never asked for a report, Inquiry being initiated: CBDT
On 26 APR 2020 CBDT Clarified:- The Central Board of Direct Taxes (CBDT) has said today that there is some report circulating on social media regarding suggestions by a few IRS officers on tackling COVID-19 situation. It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report. No […]
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 […]