Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: due date for vat payment :: list of goods taxed at 4% :: form 3cd :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: VAT RATES :: articles on VAT and GST in India :: TDS :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt
 
 
News Headlines »
 Income-tax (21st Amendment) Rules, 2017
 Deadline for filing income tax return nears; here are 10 common mistakes that you must avoid
 All you need to know about form 26AS
 How to file income tax return?
 7 changes that affect income tax return filing this year
 How To File Income Tax Return (ITR) Online For FY2016-17? Last Date July 31
 Last date for filing income tax return approaches: What is Form 26AS? How it can help you claim refunds
 Income Tax department to launch mobile app to make life easy for taxpayers
 6 things to remember while filing your income tax return
 Want to save on tax? Here are deductions you can use while filing ITR
 July 31 Is Last Date For Filing Tax Return. Why Form 26AS Has To Be Checked

Announcement - Clarifications in Respect of MEF 2016-17
October, 12th 2016
PD/A-40/2016 6th October, 2016
ANNOUNCEMENT - CLARIFICATIONS IN RESPECT OF MEF 2016-17

Applicants of MEF who are (i) Applying as "Proprietary Concern" and also having Sole/Individual practice registered in Institute's records (ii) Applying as "Individual" (either Sole/Individual practice registered or not in Institute's records) though they are also having Proprietary Concern (iii)Applying as Proprietor and having more than one Proprietary Concern. As the members are aware that at the time of online application of MEF, following applicants are rendered Ineligible due to the clause of exclusivity:

  • Applying as "Proprietary Concern" and also having Sole Practice (Individual) registered in Institute's records;
  • Applying as "Individual" (either sole/individual practice registered or not in Institute's records) and also having Proprietary Concern,
  • Applying as Proprietor and having more than one Proprietary Concern but not associated as a Partner/Paid CA in any other Concern.

In this regard, Members may note the decision of the Council:

  • In the case of Member having Proprietary Concern but applied in Sole/Individual capacity in MEF 2016-17 and Sole/Individual practice is not registered in the Institute records, applicant has to give the consent through an email at mef@icai.in by 31st October, 2016 to treat his/her application as Proprietary Concern subject to fulfillment of other RBI criteria laid down in this regard. The benefit of seniority and UCN allotted in his/her Individual capacity would be given to that Proprietary Concern.
  • The credit of exclusiveness will be given to such Proprietors and Sole/Individual practitioner only if they continue with only one entity i.e. either Proprietary Concern or Sole/Individual Practice. Applicant shall close/terminate other entity(ies) (either proprietary concern or sole practice) in ICAI records by 31st October, 2016. The benefit of seniority of his Individual capacity would also be given to that proprietary concern for MEF purpose.
  • The credit of exclusiveness will be given to Proprietors only if they continue with one Proprietary Concern as far as MEF is concerned. Applicant may close/terminate other Proprietary Concern(s) in the Institute's records by 31st October, 2016.

In Point No. 2&3 above, Members may apply for such closure to their concerned Regional Office and upload a scanned copy of the same at www.meficai.org by logging in at www.meficai.org with their credentials. 

N.B: The Category wise Draft Panel of MEF Applicants will be hosted after 31st October, 2016 at www.meficai.org 

Regards, 

(CA. M. Devaraja Reddy)
President, ICAI

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions