*June 2020

Emailing ANswers to HP Questions.pdf

In our Income tax Module 1 for Nov 2020, I had not given answers of HP chapter in book itself
Students taking F2F or virtual tax classes from our institute, pls refer to above document for answers of HP Chapter

Emailing Sanchit sir Contact details.pdf

Trying my best to reply all queries at earliest on whatsapp ...If any query remains unanswered, DM on instagram pls

Contact details in pdf shared above

🖥ICAI WEBCAST UPDATES: ADDRESSED BY ICAI PRESIDENT & VICE PRESIDENT :

🎈ICAI is working to provide reverification result within 7 Days

🎈ICAI to reduce the time taken to announce result by 15 Days
100% Machine Checking of Papers by 2024

🎈ICAI is creating a Case Study of Question Bank of 5000 Case Studies.

🎈Council has approved the Virtual/Online Classes for Post Qualification Courses

🎈CDS Portal will be started immediately after Lockdown

🎈ICAI will come out with Research Paper on Revival of Economy post COVID-19

🎈Guidelines might be issued for Digital Signing of Audit Reports due to Covid 19

🎈ICAI looking for Case Study Developer

🎈 ICAI will promote work from home culture for women members

🎈No reduction in Job Opportunities for CA's due to COVID-19

🎈Correction window might be reopened only for change of center and not group.


🎈No extension of Last Attempt of Old Syllabus of IPCC/FINAL

🎈No postponement/preponement of June 2020 attempt

🎈Level of Examination of June 2020 exam will be same, Exam Postponement Will Not Make Exam Harder

🎈ICAI - MTP will Commence After 1st May

🎈Whether MCQ Question Paper of June 2020 will be given or not
- is not clearify yet

🎈Lockdown period will not be treated as Holidays for Articles and considered as working but those who are on leaves for examination it will not be considered as working

🎈Earmarked 100 crore for Student Scholarship

🎈No exemption for CS from CA Articleship

🎈 Council Will Come Online every month to answer queries

Photo from Sanchit Grover

Coronavirus outbreak: Centre to release another Rs 34,000 cr compensation to states soon
https://www.financialexpress.com/economy/coronavirus-outbreak-centre-to-release-another-rs-34000-cr-compensation-to-states-soon/1922569/
Shared via Financial Express Android App

Haan bhai GST compensation cess k baare me pada tha na GST me....bas wahi release kiya hai Centre ne States ko..!!

No tax on EPF withdrawals amid covid-19 https://www.livemint.com/money/personal-finance/no-tax-on-epf-withdrawals-amid-covid-19-11586666077998.html

Students who have completed their chapter of Income under the head Salary must read the above news article. Its about withdrawal from RPF ...Some relaxation given there

Emailing 5_6107426431006933236.pdf

This process of making GSTIN a fully gov owned entity was initiated in May 2018...Even After 2 years, Centre and State havnt purchased the remaining 51% of shares and it still continues to be privately owned
Interestingly one of the shareholders of GSTN is HDFC (in which minority holding is held by People's Bank of China)..

Pechle 4 batches se bacho ko pada rha hun, GSTN wl become 100% Gov entity soon...seems like Agle batch ko bhi yahi bolna padega 😂

No GST exemption on masks, ventilators, PPEs expected; Here's why - The Financial Express
https://www.financialexpress.com/economy/no-gst-exemption-on-masks-ventilators-ppes-expected-heres-why/1933321/

Here's a perfect example of why it is not always beneficial to give GST exemption to a particular product or service

The same issue came before government when some NGOs demanded exemption for sanitary pad...In that case also gov came out with a press release to explain this, but eventually due to public pressurez they had to give GST exemption (and ultimately it was not beneficial for sanitary pad industey and there was no price reduction).

No five-year ban on Deloitte, KPMG in big IL&FS breather
https://economictimes.indiatimes.com/industry/services/consultancy-/-audit/big-win-for-deloitte-kpmg-in-ilfs-case-where-government-was-seeking-to-ban-them/articleshow/75269235.cms