Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get 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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: VAT RATES :: ACCOUNTING STANDARD :: empanelment :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: VAT Audit :: articles on VAT and GST in India :: form 3cd :: cpt
 
 
ICAI »
 CPE Events 25 September- 30 September 2017
 Indian Accounting Standards (Ind AS): An Overview (Revised 2017)
 Educational Material on Indian Accounting Standard (Ind AS) 18, Revenue (Revised 2017)
 Group to identify the issues for simplying the process for compliance of GST especially by small and medium enterprises, traders and professionals
 Next batch of the Certificate Course on Valuation at Bangalore from 11th November, 2017.
 Extension of date empanelment of members to act as observers for November / December 2017 examinations up to 25th September, 2017
 CPE Events 18 September- 23 September 2017
 Invitation for expression of interest from software development companies for providing software relevant to the Practitioners & CA Firms of ICAI by 31 October
 Peak Filing Preparation 2017-MCA 21
 Group for suggesting ways and means to resolve Inter unit reconciliations issues including re-engineering the process/procedures, revenue sharing, between HO and branches, various grants payable and accounting entries thereof, especially in GST regime
 Weightage of Marks at All Levels of CA Course Under Revised Scheme of Education and Training

Draft amendments in the Chartered Accountants Regulations, 1988 notified in the Gazette of India vide Notification No. 1-CA(7)/167/2014 dated 10th September, 2014.
November, 20th 2014
ANNOUNCEMENT

Draft amendments in the Chartered Accountants Regulations, 1988 notified in the Gazette of India vide Notification No. 1-CA(7)/167/2014 dated 10th September, 2014

The Council at its 337th meeting held on 29th, 30th and 31st October, 2014 in the office of the Institute at A-29, Sector 62, Noida considered the comments received on draft amendments in the Chartered Accountants Regulations, 1988 notified vide Notification No. 1-CA(7)/167/2014 dated 10th September, 2014 in the Gazette of India, Extraordinary, dated 10th September, 2014.

The Council on a consideration of these comments decided as under:-

Regulation 39(4):
The Council noted that the existing limit prescribed under this regulation is Rs.500/- and the actual fee being charged is Rs.100/- per paper subject to a maximum of Rs.400/-. The Council also noted that the draft amendments as notified seek to increase the upper ceiling only from Rs.500/- to Rs.2500/- and this was in line with otherenabling provisions in the Chartered Accountants Act, 1949 pertaining to annual membership fee and certificate of practice fee. The Council on a consideration of these comments was of the view that under the proposed amendments also the actual fee to be charged is to be decided by the Council from time to time. However, considering the comments received, the Council decided to make the draft amendments more clarificatory and these be modified as under:-

Page No. 4 - Clause (a) of the Gazette of India - in regulation 39(4) for the words “rupees two thousand five hundred”, the words “rupees three hundred fifty per paper subject to a maximum of Rs.2500/- for all the papers taken together” be substituted.

It is clarified that the above is only an enabling provision which empowers the Council to increase the fees upto the limit prescribed over a period of time, without having to approach the Central Government. As such, the existing fee being charged currently remains unchanged.

Regulation 39A:
The Council noted that the existing fee for this purpose is Rs.500/- per answer book and that the draft amendments seek to fix the upper ceiling for inspection of answer books at Rs.5,000 and for supply of certified copy of evaluated answer books at Rs.8,000/- and that this was in line with other enabling provisions in the Chartered Accountants Act, 1949 pertaining to annual membership fee and certificate of practice fee. The Council on a consideration of these comments was of the view that under the proposed amendments also the actual fee to be charged is to be decided by the Council from time to time. However, keeping in view the comments received, the Council decided to make the following modifications on the draft amendments:-



Page No. 4 - Serial No. 4. of the Gazette of India - in proposed new regulation 39A for the words “rupees five thousand in the case of inspection of answer book and rupees eight thousand in case of supply of certified copy of evaluated answer book”, the words “rupees five hundred per paper subject to a maximum of rupees four thousand for inspection of answer book or supply of certified copy of evaluated answer book or both” be substituted.

Here again, it is clarified that the above is only an enabling provision which empowers the Council to increase the fees upto the limit prescribed over a period of time, without having to approach the Central Government. As such, the existing fee being charged currently remains unchanged.

The draft amendments as above have been sent to the Central Government for approval.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

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