Discover and read the best of Twitter Threads about #ICAI
Most recents (17)
Step by step process for computation of total income and tax payable (with respect to an individual assessee)
New practicing CAs and professionals may also use this.
#usefulsummary #icai #caintermediate #castudents #taxation #incometax #icaiexams #caexams #superradacademy
New practicing CAs and professionals may also use this.
#usefulsummary #icai #caintermediate #castudents #taxation #incometax #icaiexams #caexams #superradacademy
Figure 1 reference for residential status
Table 2 reference - Clubbing of Income provisions
Delhi High Court Restrains Institute Of Cost Accountants Of India From Using ‘ICAI’ Acronym @nupur_0111 #Trademark #CharteredAccountant livelaw.in/news-updates/d…
Justice C Hari Shankar also directed Institute Of Cost Accountants Of India to remove ICAI acronym from all existing web pages and other physical or virtual representations in which it is used, within three months.
@theicai @ICAICMA #Trademark #DelhiHighCourt #ICAI
@theicai @ICAICMA #Trademark #DelhiHighCourt #ICAI
The court was hearing a suit filed by Institute of Chartered Accountants of India seeking an injunction against Institute of Cost Accountants of India from using the ICAI mark.
#Trademark #ICAI #DelhiHighCourt
#Trademark #ICAI #DelhiHighCourt
How I cleared my CAexams - the challenges and ways I overcome them
A thread 🧵
#CAresults #icairesults #icaiexams #icai
A thread 🧵
#CAresults #icairesults #icaiexams #icai
I was an average student in school scoring 50% in all years. For the first time, I scored first class in my 10th board exams my parents and my friends were really happy.
Being an average student does not disqualify you from achieving any goals
Being an average student does not disqualify you from achieving any goals
I use to watch share market movements and read annual report of companies during my school days which develop my interest and accounts and audit
To every single CA student out there who is waiting for his/her results,
I will not ask you to be calm,
I know how it feels,
when we are dying to just see that one word on computer screen.
CA results thread 1/n
#icairesults #caresults #icai
I will not ask you to be calm,
I know how it feels,
when we are dying to just see that one word on computer screen.
CA results thread 1/n
#icairesults #caresults #icai
To every single student who clears the exams/ becomes a Chartered Accountant today,
I will not ask you to be calm too,
It's your day - enjoy as much as you can.
You will not get this feel in your lifetime again!
2/n
I will not ask you to be calm too,
It's your day - enjoy as much as you can.
You will not get this feel in your lifetime again!
2/n
To every single student for whom the journey is not over yet,
I will not ask you to be calm too,
Cry, laugh, watch movie - do whatever you feel like.
Don't talk to people if you don't feel alike.
Switch off your phone if you want to,
But don't stop at what you want to achieve
3/n
I will not ask you to be calm too,
Cry, laugh, watch movie - do whatever you feel like.
Don't talk to people if you don't feel alike.
Switch off your phone if you want to,
But don't stop at what you want to achieve
3/n
#ICAI issued advisory for using "CA" or "Chartered Accountant" with caution
A break down on what could be the consequences or what would be the reason for such an advisory
Detailed Thread 🧵
A break down on what could be the consequences or what would be the reason for such an advisory
Detailed Thread 🧵
Para 4 of the Advisory says that u can also post personal comments/tweets & you can also use CA or Chartered Accountant in your Bio/Profile Name or wherever you like apart from professional matters
Para 5 is the crux of this advisory which advises members to exercise discretion & maintain dignity while posting such comments of personal nature (that are not covered in para 4)
Few Important points to keep in mind while reporting clause 44 of Form 3CD i.e. 'Break-up of total expenditure of entities registered or not registered under GST'
(As per the guidance note on Tax Audit under Section 44AB by @theicai )
[A 🧵]
@PratibhaGoyal @TaxationUpdates
(As per the guidance note on Tax Audit under Section 44AB by @theicai )
[A 🧵]
@PratibhaGoyal @TaxationUpdates
a. The total expenditure will include purchases as well
b. Depreciation & deduction for bad debts are not required to be reported
c. Expenditure incurred in respect of activities mentioned under Schedule III to the CGST Act are not required to be reported. Eg: Employees Salary
b. Depreciation & deduction for bad debts are not required to be reported
c. Expenditure incurred in respect of activities mentioned under Schedule III to the CGST Act are not required to be reported. Eg: Employees Salary
d. Exempt supply will also include non-taxable supply.
Non-taxable supply includes supply of goods or services which are not leviable to GST. For Eg:
(i) alcoholic liquor
(ii) petroleum crude, high speed diesel oil, motor spirit, natural gas & aviation turbine fuel
Non-taxable supply includes supply of goods or services which are not leviable to GST. For Eg:
(i) alcoholic liquor
(ii) petroleum crude, high speed diesel oil, motor spirit, natural gas & aviation turbine fuel
Second One - Series A Funding [ A 🧵]
#Startup #seedcapital #funding #company @PratibhaGoyal @TaxationUpdates #Incometax #zomato #paytm #icai #ca #cs #incometax #taxology #byjus
#Startup #seedcapital #funding #company @PratibhaGoyal @TaxationUpdates #Incometax #zomato #paytm #icai #ca #cs #incometax #taxology #byjus
Series A funding is a level of investment in a start-up that follows seed capital funding.
Essentially, the Series A round is the second stage of startup financing and the first stage of venture capital financing.
Essentially, the Series A round is the second stage of startup financing and the first stage of venture capital financing.
Series A funding enables a start-up that has potential but lacks needed cash to expand its operations through hiring, purchasing inventory and equipment, and pursuing other long-term goals.
Series A funding is primarily used to ensure the continued growth of a company.
Series A funding is primarily used to ensure the continued growth of a company.
16th Jan 2020 was the day when I became a CA. Today is the 2nd anniversary of one of the best moments of my life (yet 😛).
I'll try to share a few things that I've learnt (during my exams as well as after becoming a CA). I hope these help.
A thread -
#ICAI #caexams #icaiexams
I'll try to share a few things that I've learnt (during my exams as well as after becoming a CA). I hope these help.
A thread -
#ICAI #caexams #icaiexams
First and foremost - there is no shortcut to success. How do I know? Because I tried all possible shortcuts and I failed.
Smartwork and luck will play a role only after you've worked hard. There's no substitute for hardwork no matter how much you try. Ye to karna hi padega.
Smartwork and luck will play a role only after you've worked hard. There's no substitute for hardwork no matter how much you try. Ye to karna hi padega.
Motivational videos/speeches won't work. They might give you a temporary adrenaline rush but other than that they're useless.
Everyone has different circumstances and different ways of dealing with them. What worked for one person won't necessarily work for others.
Don't copy.
Everyone has different circumstances and different ways of dealing with them. What worked for one person won't necessarily work for others.
Don't copy.
It is a day of pride for every Chartered Accountant and Student associated with this profession. It is the day of Joy and celebration for every CA and student in the country. Happy CA Day to All the CAs and CA Aspirants. Proud to be associated with this profession. #CADay2021
Today as the Institute of Chartered Accountants of India marks 72 years, here's a short thread on the history of 'Chartered Accountants Day' and the Profession.
In 1913, before independence, the British Government passed the Companies Act in India that prescribed a list of books that every firm registered under the Act had to maintain. An auditor was also appointed by the same act which had the power to audit these books.
To all old couse students,
I know we all are doomed. No hopes left from our institute. We're stranded.
We can't go back & are afraid to shift to move ahead.
You're not alone. I'm with you.
#icai #caexams #JUSTICEFORCA_STUDENTS
I know we all are doomed. No hopes left from our institute. We're stranded.
We can't go back & are afraid to shift to move ahead.
You're not alone. I'm with you.
#icai #caexams #JUSTICEFORCA_STUDENTS
🚨 RISE AND FALL @UrbanLadder 🚨
On November 14, Reliance Retail announced an all-cash buyout of 96% stake in @UrbanLadder for ₹182 Cr.
A #Thread 🧵
@dmuthuk @SahilBloom @FundamentalGems @FinKrypt @stockskibaat @stocks_in @nifty_baba @FinancialAdda @trdessai @join2manish
On November 14, Reliance Retail announced an all-cash buyout of 96% stake in @UrbanLadder for ₹182 Cr.
A #Thread 🧵
@dmuthuk @SahilBloom @FundamentalGems @FinKrypt @stockskibaat @stocks_in @nifty_baba @FinancialAdda @trdessai @join2manish
Think for a moment, how billion-dollar edtech startup shelled out $300 Mn to acquire a smaller company within 18 months of its launch.(@whitehatjunior)
Urban Ladder, which been since 2012 & built coveted private label, took a 75% cut in paper valuations.
#StockMarket #nifty50
Urban Ladder, which been since 2012 & built coveted private label, took a 75% cut in paper valuations.
#StockMarket #nifty50
The company (@UrbanLadder) focussed on a private business model, which was not bad idea & it also got them a good brand recall.
But the furniture retail space is tough market & everything depends on strategy” says a VC requesting anonymity.
#Share #sharemarket #banknifty
But the furniture retail space is tough market & everything depends on strategy” says a VC requesting anonymity.
#Share #sharemarket #banknifty
The banking sector, in India, has been under stress for several years now.
Both the NBFCs and banking institutions (predominantly, public sector banks) have seen substantial deterioration in their asset quality.
#banknifty #nifty50 #nifty #NASDAQ #writerslife #writing
Both the NBFCs and banking institutions (predominantly, public sector banks) have seen substantial deterioration in their asset quality.
#banknifty #nifty50 #nifty #NASDAQ #writerslife #writing
Over the past two years, we have seen many well-known names within these sectors.
The latest in the series being is the 93-year old #LakshmiVilasBank
#StockMarket #stockstowatch #sharemarket #Zomato
The latest in the series being is the 93-year old #LakshmiVilasBank
#StockMarket #stockstowatch #sharemarket #Zomato
(CA Exams 2020)
Supreme Court to hear a plea seeking adherence to safety guidelines and protocol in place while conducting #CAexams
SC had earlier asked petitioners to discuss grievances with @theicai 's counsel Ramji Srinivasan to iron out issues
#SupremeCourt
#ExamsinCovid
Supreme Court to hear a plea seeking adherence to safety guidelines and protocol in place while conducting #CAexams
SC had earlier asked petitioners to discuss grievances with @theicai 's counsel Ramji Srinivasan to iron out issues
#SupremeCourt
#ExamsinCovid
Senior Adv Ramji Srinivasan: We are strictly in accordance with MHA guidelines. They needed isolation rooms, but we can't put to risk 5 lacs students by having such rooms as this exam is for 18 days. We can't risk with #COVID patients coming in
Srinivasan: transport and accommodation was sought but that is not possible. We will request that e admit cards be allowed to take hotels etc. We need to ask the @HMOIndia
SC: It will be state specific issue too. Earlier suggestion was made and states agreed..
SC: It will be state specific issue too. Earlier suggestion was made and states agreed..
Dear DCM @kdhiraj123,
Is this your personal view?
Or you have multiple identity disorder?
Or you are busy holding positivity 🍭?
Or you have lost the analytical skills of assessing a situation where your tweets just indicate "Gross Negligence".
Is this your personal view?
Or you have multiple identity disorder?
Or you are busy holding positivity 🍭?
Or you have lost the analytical skills of assessing a situation where your tweets just indicate "Gross Negligence".
Do you guys know how such careless tweets by you DCMs spoil so many lives of students?
Do you even give a thought about what is the value of years of young students who's years & months gets wasted because of your carelessness?
Or just you are confused like this DCM in the pic ?
Do you even give a thought about what is the value of years of young students who's years & months gets wasted because of your carelessness?
Or just you are confused like this DCM in the pic ?
Do you even know how many students had rubbed their assess off for this exam and you are so careless to just tweet it out without giving it a thought.
Have any near and dear ones of yours gone through the situation we have gone through?
Sitting in AC rooms is easy, Walk on ground
Have any near and dear ones of yours gone through the situation we have gone through?
Sitting in AC rooms is easy, Walk on ground
A three judge vacation bench of the Supreme Court begins hearing a plea challenging the @theicai notification regarding upcoming #CAexams as arbitrary and discriminatory in view of #COVID1. The top court had earlier asked ICAI to respond by today #SupremeCourt
Adv Alakh Alok Srivastava- At the outset I want to apologise for two incorrect information. The total students appearing will be 3.46 lakh students this year. I have also mentioned about increasing exam centres, but the ICAI reply ignores it.
Senior Adv Srinivasan: Concerns of the petitioner is unfounded. We are bound by the Chartered Accountants Act.
What Stops Practice from Growing? In this thread of tweets let’s analyse the reasons why professionals can’t grow their practice beyond a point. What affects momentum of growth. Whether it’s avoidable? Let’s quickly dive into it. #CA #Lawyers #CS #ICAI #Professionals #cabiznet
Taking up the Wrong work - in initial period, professionals tend to accept any kind of work that comes their way, fearing they may not get another work if they deny available work. This behaviour should be curtailed and professional should be patient enough to wait for right work
Not Specialising - it’s a proven fact that specialist earn more. For eg, a heart surgeon will always earn more than a general practitioner. Today focus is needed in any profession.
What a treat listening to one of the greatest professionals the country has ever had - Narendra P Sarda, past president of #ICAI at the lecture meeting organised by @bcasglobal. Simply outstanding!
He spoke today on "Changing Risk Landscape for Audit Profession with Special Emphasis on NFRA and other recent developments."
This was probably the first time Mr Sarda took help of a Power Point presentation to deliver a talk! And he himself prepared each and every slide. Kudos to him.
