Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

Important Updates

Important Updates

Important Updates

Important Updates


1) IT: Limitation u/s 275 of the Income Tax Act is applicable to imposition of penalty u/s 271E of the Income Tax Act, 1961. CIT Vs. JKD Capital & Finlease Ltd.,High Court of Delhi.

2) IDT: SACD refund is admissible, even if appropriate Sales Tax/VAT was less than SACD or Nil. Customs Notification 102/97 Dt.14.09.2007.

3) RBI: RBI has notified the Directions relating to Prior Approval for acquisition of shares or voting rights in Private Sector Banks, which shall be called the Reserve Bank of India (Prior approval for acquisition of shares or voting rights in private sector banks) Directions,2015.

4) PAN to ICAI: Council of ICAI has taken decision as advice received from the Income Tax Department to collect the PAN Card details of the members and firm of CA.

5) Stock audit: Indian Overseas Bank invites applications from practicing CA firms for Stock Audit of their Branches.

6)IT:Govt had proposed to implement its decision to phase out corporate tax exemptions and deductions by Profit linked, investment linked and area based deductions will be phased out for both corporate and non-corporate tax payers etc.

7)IT:Finance Minister launched the “e-Sahyog” pilot project of the Income-tax.

8)IT:If percentage of Commission earned from AE transactions is higher than AE transactions no addition can be made. ITAT held in Sumitomo Corporation India Pvt. Ltd.

9)RBI:RBI allows Regional Rural Banks to provide internet banking to customers.
Govt issues draft Rules to replace Trademarks Rules, 2002; Objections/suggestions to the Rules shall be sent to Additional Secretary to the Govt of India, Ministry of Commerce & Industry, DIPP.

Important Updates


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