CA Syam sundar

 IMPORTANT ANNOUNCEMENT In continuation to the Announcement dated 27th April, 2021, it is hereby announced for general information that the Chartered Accountants Intermediate (IPC) {Under Old Scheme}, Intermediate {Under New Scheme}, Final {Under Old & New Scheme}  Examinations shall now commence from Monday, 5th July, 2021 across the globe. The detailed Schedule / Notifications for the said Examinations will be announced shortly. The Candidates are advised to note the above and stay in touch with the website of the Institute, www.icai.org.

 *APPLICATION FOR MEMBERSHIP OF ICAI-LIC GROUP TERM INSURANCE POLICY* Enroll term insurance in 2 minutes. ===================== https://app.cmpbenefits.icai.org/registration Pay – INR 500 to 900 per annum for INR 10 lakhs term insurance for your family members. Much required in this pandemic situation.  ICAI – Pay term insurance by simple registration. Premium would be depending on your age. Coverage is INR 10 Lakhs.  Policy is for CA in practice as well as CA in industry. Membership number is mandatory.  Students are not covered   Insurance is only for ICAI member and for spouse and not for any other family member

 *ICAI Announcement* *Mandatory updation of UDINs in all Income Tax Forms at e-filing Portal - Extended till 30th June* *Link:* https://www.icai.org/post/mandatory-updation-of-udins-in-all-income-tax-forms-at-e-filing-portal *Link to Download FAQ*: https://www.incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF_News/FAQ_On_UDIN.pdf

  ICAI FAQ’s on Accounting for CSR expenses Frequently Asked Question on Accounting for amounts to be incurred towards Corporate Social Responsibility (CSR) pursuant to the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 This FAQ has been issued by the Accounting Standards Board of the Institute of Chartered Accountants of India. Question :  On January 22, 2021, the Ministry of Corporate Affairs notified the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021.  Pursuant to the amendment rules, companies are required to spend the required amount (2% of average net profits of the company made during the three immediately preceding financial years) in every financial year for Corporate Social Responsibility (CSR) activities as prescribed under schedule VII or transfer the unspent amount of ongoing projects in a special account called Unspent CSR Account within 30 days of the end of financial year for use within a period of three ...

  ICAI Announcement on Accounting Standards applicability on Non-Corporate entities Source: https://resource.cdn.icai.org/64269asb51535.pdf   Announcement Criteria for classification of Non-company entities for applicability of Accounting Standards   The Council, at its 400th meeting, held on March 18-19, 2021, considered the matter relating to applicability of Accounting Standards issued by The Institute of Chartered Accountants of India (ICAI), to Non-company entities (Enterprises). The scheme for applicability of Accounting Standards to Non-company entities shall come into effect in respect of accounting periods commencing on or after April 1, 2020.   1. For the purpose of applicability of Accounting Standards, Non-company entities are classified into four categories, viz., Level I, Level II, Level III and Level IV.   Level I entities are large size entities, Level II entities are medium size entities, Level III entities are small size ent...