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 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
 CBDT has extended the due date for filing Income Tax Returns and audit reports from 30th September 2017 to 31st October 2017
 Exposure Draft of Revised Guidance Note on Report under Section 92E of the Income-tax Act, 1961 (Transfer Pricing)
 President's Message - September 2017
 President's Message - September 2017

ICAI requests CBDT to review the ITR forms vis--vis Revised Schedule VI
June, 25th 2012

The Ministry of Corporate Affairs (MCA) has notified the Schedule VI (Revised) which is applicable in respect of Balance Sheet and Profit and Loss Account prepared for the financial year commencing on or after 1.4.2011. The Revised Schedule VI had changed the nomenclature of certain items, modified the present classification of accounts, removed / added certain disclosure requirements etc which in turn has impacted the financial reporting requirement for the Companies.

Considering, the changes in the financial reporting requirements for the Companies, the Direct Taxes Committee of ICAI has suggested CBDT to consider streamlining of the income tax return forms to incorporate the changes made in the Revised Schedule VI. It has also been mentioned that in case the same is not done the Indian companies will be required to prepare another set of financial statements for satisfying the requirement of the Income-tax Act, which not only will result in higher costs, but also consume considerable time and effort.

 
 
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