Quick Insight 2017

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A reference to all that important things related our profession.

QUICK INSIGHT 2017

An Initiative by:

Committee of Capacity Building of Members in Practice of ICAI

It includes:

1. Income Tax

• Tax Structure - an overview including AY 2018-19
• Overview of all heads of Income
• Penalties under Income Tax Act
• Miscellaneous Provisions
• TDS Chart
• Compulsory Tax Audit Sections
• Assessment Procedures
• Appeals
• Compliance Calendar

2. Goods & Service tax Act

• GST Registration
• GST Payment
• GST Returns
• GST Input Credit Rules
• Time & Value of Supply ( Section 11 & 12)
• Change in rate of tax in respect of supply of goods and services
• Import & Export of Goods & Services
• Appeals under GST
• Penalties under GST

(all updated till 15th November, 2017)

3. The Employees Provident Funds & Misc Provisions Act, 1952
4. Employees' State Insurance Act, 1948
5. Companies Act, 2013

• Forms under Companies Rules, 2014
• Appointment of Companies Auditors
• Compulsory Rotation of Auditors
• Removal  of Auditor before expiry of term
• Registration Fees payable to ROC

6. Applicability of Accounting Standards on SMEs & SMCs

• Accounting Standards
• Comparative chart of IndAS & Existing AS
• Applicability of AS - an overview

7. Income Computation Disclosure Standards
8. Standards on Auditing
9. Peer Review
10. Other guidelines & informative Information

• Forms related to Members / students / CA Firms
• Minimum Stipend Rate to articles
• Leave to an Article Assistant
• Eligibility of CA Member to train articles

11. Post Qualification Courses organized by ICAI
12. Important websites
13. Important Email ids of ICAI