CA FINAL AUDIT LIVE BATCH

CA Final- Audit LIVE @Home AUDIT REGULAR by CA Sarthak Jain

Some candidates fail to overcome the different stages of the CA exam because they are not aware of the ways to succeed. 

CA Point is best institute for professional courses like CA Final, CA Inter.

Enroll with CA Point for CA classes and join our community of students and Faculties on your journey of becoming a CA.

We provide CA online coaching. We envision an education of CA where anyone, anywhere can transform their career by accessing India’s best learning experience.

 

Every course on CA Point is taught by top instructors from India, so you will get specialized, innovative & expert coaching in the field of CA. We are proud to be known as one of the best institutes providing the best CA in India.

CA Point is going to start a fresh batch for CA Final AUDIT by CA Sarthak Jain from 18th July, 2022.

WHY Join this Batch?

1) 100% syllabus coverage

2) Conceptual and Detailed Lectures
3) Questions and Doubt Solving

4) Study Material delivered at your home

5) Students friendly environment                                              

6) Classes available in GD/PD Mode

7) AIRs in MAY 2022 Result.

 

CA Final Audit Regular Running Batch Recordings By CA Sarthak Jain in approx 150 Hrs. These Lectures are beneficial for Nov 22 & May 23 and Nov 23 attempt Attempts. Study Materials will be provided with the same.

 

Batch Starts From 18th July 2022 (Estimated Completion Date 31st August)
Timing – 5:30 PM to 8:45 PM (Mon-Sat)

This batch is also available in GD & PD Mode with 1.2/1.5 view & 6/12 Month Validity.


Link of GD will be available from 15th July on a daily basis
PD will be available after batch completion.

 

Kit Content

·         Video Lectures + Study Materials (SJ’s Study Material | SJ’s QUESTION BANK with AUDIO PODs | FULL COURSE DRONE CHARTS (2 Books) | MCQ BOOK| – Updated with SM 2022 and May 2022 Exam Questions – All books updated for Nov 2022 Exams)

Duration

·         150 Hrs Approx (50 Lectures )

Total Views

·         1.2 / 1.5 Views on duration with unlimited clicks

Validity

·         6 / 12 Months from the date of activation

Batch Recording

·         July 2022

Mode

·         Google Drive | Pen Drive

Doubt Solving

·         WhatsApp

Amendments

·         FAST Android App

Documents Required

·         Students ICAI Registration Number

·         ID Proof Number[Acceptable Identity Proof-Voter ID, PAN or Driving License]

·         Mail when asked by Fast Education

Video Language

·         Hindi-English Mix

Study Mat Language

·         English

Technical Support

·         Mobile- 9828067111 , 9214167111

Test

·         5 Tests will be taken with the batch

 Take the next step towards your personal and professional goals with CA Point .

 

Public comments requisition for new training scheme of CA

Public comments requisition for new training scheme of CA.

The proposed education and training program needs to be modified. The Chartered Accountants Act 1949. Part III of Article 4, dated June 2, 2022, is posted on the ICAI website. The institute is seeking public comment on the changes. Academicians and members can submit comments with personal details through the form. The form records name, gender, age,category, member number, mobile number, email and list of countries. 

Competence with other professionals is the missing element in the current education and training system. The blog talks about changes and expected public notices for the CPA course.

The Education and Training Review Board was incorporated in 2021 by the ICAI to review the education system. Open Book Exam has 30 percent MCQs at the Intermediate Level, improving analytical skills at the Final Level Exam is the new way to learn in the public eye. The frequency of CA reviews should be increased two to three times. The two years of article ship training after the intermediate is another topic of discussion. 

Another topic of discussion is the international program similar to the international accountancy body. Online course for students of different paces.Introduction of

Module C at your own pace to gain industry domain knowledge. Final level subjects with more emphasis on ethics and advanced level technical knowledge.


BAA certificate to help the student with constraints to pass the school leaving exam years. The recommendation is for targeted training for two years after the intermediate level. After completing the last level and gaining membership, the candidate must work under the guidance of a Chartered Accountant in practice to earn the COP. A “certificate of practice” is only for setting up their own CA practice. Industrial training is intended for those who wish to acquire knowledge in the field of the big four companies. Such a candidate may undergo nine months to one year of industrial training after completion of the articleship training before the final level examination. The requirement for a service-minded CA and an entrepreneurial CA differs. 

Thus, both practical trainings are offered with different training options.
Country-specific documents aim to understand national and international challenges. International accounting standards and GAAP present a difference in inventory management, income statement, valuation of fixed assets and capitalization of development costs. The method of financial calculation has an impact on commodity prices, payment process, credit period, depreciation, revaluation and ownership. The international curriculum is useful for country-specific domain knowledge.

The training consists of understanding technology and managerial skills. After the intermediate level, students undergo the first level of training, and before taking the final level exam, students undergo advanced level MCS and ITT training near-completed students makes it possible to identify professional skills. 

 

Evaluation:

Assessment at all three levels trains students in problem-solving skills. The basic level is with subjective and objective question types. The intermediate level has a closed book exam, MCQ question types with case studies are for thirty percent, and the rest of seventy percent is for descriptive type questions. The structure of the final level is an open book examination for all articles and 30% per MCQ, and seventy percent for descriptive type questions and multidisciplinary articles. A multidisciplinary case study touches on all the other topics. Students tend to prepare for this topic with model questions and take notes on the important points of the case study. It is to redefine the statement of the problem with the analysis. Locating information makes sense and helps decision-making. Students must complete two case studies within the allotted time of four hours. MCQs, case studies, multidisciplinary case studies, open book exams and closed book exams are the different models that assess the student’s brain. The international exams consist of computer-based MCQ tests and paper-based descriptive question tests. This model is sound because it tests knowledge and the application of knowledge.

 

Articleship training:

It is recommended that students take two years of practical training after completing an intermediate level and soft skills training. Previously, the training period was three

 

International curriculum:

The international program is for students outside India. They have the right to receive practical training from members of accountancy bodies in accordance with IFAC guidelines.

 

Soft skills training:

Soft skills and computer skills training takes place before article training and during article training. Students take online and offline courses for orientation programs.

BAA Certificate:

A BAA certificate after completing an intermediate level is useful for students to continue their professional career. The differentiation between completed students and

Code of ethics and technological knowledge:

At terminal level, students have a code of ethics and technology-related subjects. Before embarking on professional life, it is essential to keep in mind professional ethics and the evolution of technological needs. This subject is therefore essential for the final level of CA. It prepares students for commercial space.

Conclusion :

In a recession, money market and stock market movements are not linear. The market is prone to risk and buyer interest is eroding every day. Inflation, interest rates, crude oil, the logistics market, and the fluctuating performance of technology companies create stress for business owners. Data and statistics predict risk and plans to be implemented. Education must reflect national challenges and international challenges. Changes in education and training impart practical knowledge to students. Chartered accountancy is one of the most difficult training courses in the accounting profession. The ICAI institute limits the number of passages according to demand and supply. It is important to train the best professionals. ICAI’s motto is to increase eminent talent. Open feedback from members and academics helps structure the course based on current challenges.

 

 

ICAI latest announcement on new CA Course

Discussing the draft notification from students' POV

In the draft CA course change proposal, the most striking headline for all of us, especially CA students, is that the articleship period has been reduced from three to two years. It opens our eyes to the possibility that one can earn a significant CA income/salary a year earlier than senior group. However, this may not be the case. We will discuss this and all the changes as well as the good and the bad of the new change.

First, the implementation and applicability of the process is a bit far-fetched. The notification is live on the ICAI website and is open to comments and suggestions from students, members and faculty for the next 30 days. The Board then reviews the proposals, approves the notification, and forwards it to MCA, which in turn may return it with its proposals. All in all, it looks like the changes might not be implemented until 2023!

We discuss the most important changes at each board level

 

PHASE 1: FOUNDATION 

You can enroll in the Foundation CA immediately after passing your 10th standard. Registration is valid for 4 years, so you must pass the Foundation exam within 4 years of registration. To pass the exam you need to score at least 50% each, currently it was 40% per game and 50% overall.

OPINION

The increase in the passing percentage requirement means that the council is tightening the barrier to entry.

STAGE 2: INTERMEDIATE

1.Intermediate CA registration is valid for 5 years. If you haven’t been able to appear for the exam or haven’t been able to clear the exam in 5 years then you are allowed a 1 time revalidation which will give you another 5 years. So you get 10 years to complete and clear the intermediate exam.

2. If you have completed the intermediate CS or CMA course, you can apply for the intermediate CA

3. Here is an interesting provision: Starting now, students can show up for Group 1, Group 2, or both together. Now the notification allows students to appear in a unit of papers that comprise a few papers from group 1 and a few from group 2. So basically, it seems like you can mix up the subjects from the 2 groups and appear for them.

4. Those who have passed the intermediate CA exams, and completed the articleship but cannot pass the final CA, can be called Business Accounting

5. Those who have cleared both Inter CA levels will now have to appear online exams

 

Step 3: Articleship

 Lots of changes here and very important ones.

1. The training period was reduced from 3 years to 2 years.For industrial training the period has been cut from 18 months to 12 months.

2. The minimum stipend has been Increased to Rs. 4,000, 3,000 and 2,000 for 1st year depending on population of the city you’re training in. Currently, the first year stipend for a city with a population of more than 20 lk is Rs. 2,000. For industrial training the minimum stipend has been hiked to Rs. 15,000

3. The provisions allow 12 days of vacation for every 24 days in total.

4. This new price does not apply if it is already registered as an item.

OPINION

 Theoretically, the length of service is reduced from three years to two, but the two-year limit does not allow for training or academic leave. In 3 years from article time, I was able to study 5 months for Intermediate CA Group 2 or Final CA. Currently, this is not possible and you can take a learning course in just 5-6 months after completing a two-year essay. The minimum amount is still very small. In 2008 I received a rupee salary. 3,000 rupees in my first year. 4000 and rupees in my second year. My third year is 5,000 people in Mumbai. CA practice seems to continue to acquire cheap labor. The difference is more pronounced when compared to industrial training where salaries are kept at a minimum of Rs. 15,000. Huge difference

 

STEP 4: FINAL CA

Registration valid for 10 years. If you haven’t been able to appear for the exam or haven’t been able to clear the exam in 10 years then you are allowed a 1 time revalidation which will give you another 10 years. So you get 20 years to complete and clear the Final exam.


 

STEP 4: Obtaining a Certificate of Practice

1. OBJECTIVE OF PRACTICE All certified auditors are required to actually work for the FCA for one year after completing the CA. 

2. If you are currently employed but wish to begin an apprenticeship, you must have at least 1 year of coaching practice experience within the last 5 years. If not, apply for it and then register for it. 

3. Those who do not wish to practice can begin their careers in the field of their choice immediately after clearing CA.

APPEARING FOR THE INTER AND FINAL EXAMS Interesting change in the exemption Currently, if you get more than 60 in a paper, you’re allowed to carry forward that exemption for 3 years. In the new course, you’re allowed to avail this exemption beyond the 3rd attempt, BUT you have to score at least 50 marks in the other papers of that group. This carry forward is an option, not compulsory. So if you don’t feel confident of scoring a minimum of 50 in the other papers, you can opt to reappear for the paper you got an exemption in. The council has also made a mention of negative marking and included MCQs at each level. 

 

STEP 5: GETTING A CERTIFICATE OF PRACTICE

1. All CAs aspiring to practice must work for 1 year with a FCA in practice, after completing the CA.

2. If you are currently in a job but want to start practice, then you must have at least 1 year experience doing practice, in the last 5 years. If you don’t, then apply for the same and then enroll for

3. Those who don’t want to practice can start their job in their field of choice immediately after clearing CA.


OPINION

The notification mentions minimum stipend for 1st year and 2nd year, as mentioned above but also a ‘3rd year’ of training. If articleship has been cut down to 2 years, this 3rd year could only imply the 1 year post qualification experience that has to be taken with a FCA if one wants to get a COP, as mentioned here. If it is so, then to pay a qualified Chartered Accountant a measly Rs. 6,000 (that too if its a firm in a big city, smaller cities is Rs. 5,000 and Rs. 4,000) is pitiful.

 

ICAI latest announcement on new CA Course

ICAI latest announcement on new CA course | ALL LEVELS | CA Point

On 3rd of June 2022 Gazette notification came on about the proposed scheme of education and training in CA .

On 4th of June 2022 ICAI finally made an announcement on the proposed scheme of education and training.

I am talking about the new CA course and there are lots of major changes proposed by the committee of Review of education and training and I know lot of CA students and CA ASPIRANTS have doubts and confusion.

This is the proposed scheme of education and training which means it is not final yet as still institute is taking suggestions, recommendation from the people who are affected by this new CA COURSE.

NOTE:- MAY 23 and NOV 23 students will give their exams in existing syllabus.

If you want you people can give suggestions and recommendations.

Now WHY THIS NEW CA COURSE? What was the need to make so many changes?

First of all the main reason was to make this CA curriculum globally relevant.

Second to emphasize more on ethics and information technology.

Third is to diversify the roles of CA

Changes in CA COURSE

1.     Subject Paper

FOUNDATION

Paper

CURRENT (No of papers-04)

PROPOSED (No of papers-04)

I

Principles and practice of accounting (100marks)

Accounting(100marks)

II

Business laws (60marks)&Business Correspondence and Reporting(40marks)

Business laws(100marks)

III

Business Mathematics and Logical reasoning and statistics(100 marks)

Quantitative aptitude (100marks) Business Mathematics and Logical reasoning and statistics

IV

Business economics (60marks)&Business and commercial knowledge (40marks)

Business economics(100marks)

 

PASSING CRITERIA

Current

Proposed

40% in each paper and 50% in aggregate (with negative marking – 25% for each wrong answer to MCQs in Papers 3 and 4)

50% in each paper (with negative marking – 25% for each wrong answer to MCQs in papers 3 and 4)

 

 

INTERMEDIATE

CURRENT (No. of papers – 08)

PROPOSED (No. of paper – 06)

 

PAPER-1: Accounting

PAPER- 1 : Advanced Accounting

 

PAPER-2 : Corporate and other laws

PAPER-2 : Corporate laws (100 marks)

 

PAPER-3 : Cost and management accounting

PAPER-3 : Cost and management accounting

 

PAPER- 4 : Taxation

PAPER- 4 : Taxation

 

PAPER- 5 : Advanced Accounting

PAPER-5 : Auditing and code of ethics

 

PAPER-6 : Auditing and Assurance

PAPER-6A : Financial Management (50marks)

 

PAPER-7 : Enterprise Information system& Strategic Management

PAPER-6B : Strategic management(50marks)

 

PAPER-8 : Financial management & Economics for finance

 

 

 

PASS PERCENTAGE

CURRENT

PROPOSED

·        40% marks in individual paper and 50% marks in aggregate to pass the group

·        If student secured 60% or more, in paper/s in one attempt, exemption of such paper(s) for immediate 3 attempts is allowed and thereafter exemption will lapse.

·        No change

·        If student secures 60% or more in paper/s in one attempt, exemption of paper(s) for immediate 3 attempts is allowed, Thereafter, exempted paper/s will be treated as permanently passed and student has to score 50% to pass in the remaining paper/s individually The student may, however, opt to surre3nder the exemption after three attempts.

 

MANNER OF ASSESMENT

CURRENT

PROPOSED

Partially objective and partially subjective in SELECT PAPERS (30% MCQ / case scenario based on 70% descriptive questions)

 

 Closed book in all papers

Partially subjective and Partially subjective (30% case scenario/ study Based MCQ and 70% descriptive question in all papers

 

 Closed books in all papers

 

 

CA FINAL

MANNER OF ASSESSMENT

CURRENT

PROPOSED

Partially objective and partially subjective IN SELECT PAPERS [30% MCQs/ Case Scenario based and 70% descriptive questions].

 

Closed book in all core papers and open book in elective papers.

 

 

 

No negative marking in objective type questions.

• Partially objective and partially subjective (30% case scenario/study based MCQs and 70% descriptive questions] IN ALL PAPERS.

 

• Open book/Restricted open book pattern of assessment

 

• Computer-based/physical examination, as decided by the Council from time to time.

 

No negative marking in objective type questions.

 

25% negative marking for each wrong answer to MCQS.

 

 

CA FINAL

CURRENT(NUMBER OF PAPERS: 8)

PROPOSED(NUMBER OF PAPERS: 6)

Paper-1: Financial Reporting

Paper-1: Financial Reporting

Paper-2: Strategic Financial Management

 

 

Paper-3: Advanced Auditing and Professional Ethics

Paper-3: Advanced Auditing and Professional Ethics

Paper-4: Corporate and Economic Laws

Paper-4: Direct Tax Laws and International Taxation

Paper 5-Strategic Cost Management and Performance Evaluation

Paper-5: Indirect Tax Laws

Paper-7: Direct Tax Laws and International Taxation

PAPER-6: INTEGRATED BUSINESS SOLUTIONS (MULTI-DISCIPLINARY CASE STUDY WITH STRATEGIC MANAGEMENT)

Paper-8: Indirect Tax Laws

 

PAPER-6: ELECTIVES (1 OUT OF 6)

 

Paper-6A: Risk Management

 

Paper-6B: Financial Services and Capital Markets

 

Paper-6C: International Taxation

 

Paper-6D: Economic Laws

 

Paper-6E: Global Financial Reporting Standards

 

Paper-6F: Multidisciplinary Case Study

 

 

PASS PERCENTAGE

CURRENT

PROPOSED

·        40% marks in individual paper and 50% marks in aggregate to pass the Group.

 

·        If student secures 60% or more, in paper/s in one attempt, exemption of such paper(s) for immediate 3 attempts is allowed and thereafter exemption will lapse.

No Change

 

• If student secures more than 60% marks in paper/s, exemption of paper for immediate 3 attempts is allowed.

 

• Thereafter, treat the exempted paper/s as permanently passed and student has to, however, score 50% to pass in the remaining paper/s. However, student may have the option to surrender the exemption after three attempts.

 

PRACTICAL TRAINING

CURRENT DURATION

PROPOSED DURATION

Three years

Two years

 

This is a revolutionary change, We should all welcome it and we are into it together.

James Murdoch and Uday Shankar-led Bodhi Tree invests $600 million in test prep firm Allen

James Murdoch and Uday Shankar’s Bodhi Tree Systems platform announced a $ 600 million investment in the Kota-based Allen Career Institute on May 1. “Strategic partnerships” and investments, organizations say, will help Allen expand its offerings and accelerate physical and digital expansion in various Indian cities, a Allen spokesman said. The investment comes from Bodhi Tree Systems, a newly created platform between Earth Systems founder and CEO James Murdocch and Uday Shankar, former president of The Walt Disney Company Asia Pacific and former chairman of Star and Disney India. The official announcement did not state how much the investment would receive. But a source says the three-decade-old Kota-based test training company, with a presence in 46 cities in India and the Gulf region, is worth more than $ 1 billion, and Allen is likely to further expand its base in the growing space. “We believe that education is at the height of the technological renaissance, which will fundamentally change the way education is delivered and increase its effectiveness … despite the aspirations of millions of students and parents in India and beyond,” Murdoch and Shankar said in a statement.  

“Education is a critical consumer need, driven by the deepest transformational impact on the lives and existence of consumers,” the duo added.

 Allen’s investment comes at a time when the test preparation market is in heavy action and traditional test preparation markets are being transformed through investments, mergers and acquisitions. Angkon While Aakash Education last year acquired BYJUs for nearly $ 1 billion, another leading brand of test training, T.I. ME won last month’s named edtech player Veranda Learning for Rs 287 million.

 Allen’s Bodhi Tree investment comes amid loud buzzing that leading edtech is seeking a large stake in Allen, but cannot push through due to a valuation issue.

 Founded in 1988, Allen is a leading test preparation brand that prepares students for technical entries such as IIT JEE Mains and JEE Advanced, NEET Medical Entry, Olympics and some other competition exams. “Our partnership with Bodhi Tree is a key component in continuing our mission to further strengthen Allen’s reach and influence. We are pleased and excited that the Bodhi Tree team also sees value in pooling their expertise from our educational experience,” said Rajesh Maheshwari, Founding CEO. Allen.

 Keshav Maheshwari, the second generation owner of the Maheshwari Allen family, said: “Our partnership with Bodhi Tree will not only help us expand our operations in India through technology, but will also inspire our growth path in the Middle East (Asia). .

Bodhi Tree Systems says it will use the shared records of its founders to build consumer-defining businesses to make Allen the first-class digital education company of the future. The Qatar Investment Authority (QIA), Qatar’s sovereign investment fund, is an investor in Bodhi Tree Systems.

The transaction is likely to close in two to three months, subject to regulatory approvals. EY Consulting is the sole financial advisor. Cyril Amarchand Mangaldas provided legal advice and documentation support to Allen. EY also provides Bodhi Tree due diligence services. AZB & Partners is Bodhi Tree’s legal counsel.

CA Inter May 22/ Nov 22

CA Inter May CA Point is India’s Trusted Online Platform for CA Exam Preparation, with over 100+ HD quality video lectures, 10+ best Professors, 70+ Best books currently covering exams like CA, CMA, etc . CA Point is an upscale online portal that aims to simplify the scenario of CA CS and CMA.

Our vision is to revolutionize & customize the traditional way of studies by providing e-lectures of top notch faculties and facilitate students with the tutorials, content & Books anywhere in India.

That means now students can choose and study their favorite faculties disregard to the geographical obligations, enabling students to conquer their dreams and redefine their purpose by achieving success CA Inter May.

We provide access to the best, most reputed Professors, from across India, by delivering it in pen drives or Google drive which can be viewed  24X7, anytime anywhere.

The institution holds over 7000+ CA aspirants. CA Point offers top notch lectures on CA examinations. – Students are the heart of our Startup, thus our approach is directed to the point of view of our students.  

Our aim is streamlined to help students every step of their journey.

There is complete freedom to ask questions and clear all doubts at every step by dedicated faculty who give unmatched, personalized feedback.

CA Point acts as a medium to students for providing them coaching from expert faculties all over India at the comfort of their home.

That means even aspirants from small cities & towns can avail best of our lectures. Thus we maximize the study time for students and minimize time consumed on conveyance as everything is offered online.

A platform that caters to all your needs of cost efficient, time saving and quality content. CA Point provides video lectures & Books for different courses.

CA Point selects active, enthusiastic faculties from different cities and associate with them to provide students quality content to prepare for the exam.

LS Clears CA Amendment Bill

Sitharaman said only ICAI had raised the objections, while other two institutes were fine with the amendments

On Wednesday, Lok Sabha passed a bill to reform the operation of chartered accountants, cost accounting officers and company secretaries, with Finance Minister Nirmala Sitharaman saying the changes – or not – affect the agencies’ autonomy and are designed in line with best practices in the world. to make these institutes more responsible.

 

The draft law on chartered accountants, cost and labor accountants and company secretaries (amendment) seeks to appoint a non-certified accountant (CA), a non-cost accountant and a non-business secretary as chairman of the disciplinary commissions of the relevant institutes. . greater transparency of their work.

 

Sitharaman, who is also the Minister of Business, said the changes would not jeopardize the autonomy of the three institutions. However, it will improve the quality of control and improve the investment climate in the country, he added.

 

According to him, the changes “will make the institutions more responsible and accountable” and encourage them to adopt the best practices of the world. All parties involved must have more confidence in the audit trail, he stressed.

“There is no proposal or intention to indicate the autonomy of the three institutions , they will continue in office,” Sitharaman said in response to a lower house debate.

 

A bill amending the Chartered Accountants Act of 1949, the Cost and Labor Accountants Act of 1959, and the Company Secretaries Act of 1980 was later approved by the Second Chamber after the amendments proposed by members of the opposition were rejected.

 

The bill envisages the establishment of a coordination committee headed by a secretary of the Ministry of Trade. It is represented by three institutes. The minister said the three constitutions had previously signed a memorandum of understanding to set up a coordination committee, but the proposal was not useful.

 

The commission will help manage the institutes’ resources, he said, adding that the IIM and the IIT also have coordination committees.

 

During the debate, opposition members accused the government of interfering in the functioning of autonomous bodies and controlling independent institutions such as the ICAI. The ICAI has also expressed concern about the changes.

 

Congressman Adhir Ranjan Chowdhury said: “Through this law, the government has cunningly and deliberately tried to consolidate power and usurp the independence of the institutions by abolishing the autonomous structure of the institution in question.”

 

NCP leader Supriya Sule said his main concern was the autonomy of the three accounting institutions. “You give examples of IIT and IIM. But these institutions are funded by the government when they are not. How can they be compared? Doesn’t that deprive these institutions of autonomy?” he asked.

Sitharaman said only the ICAI objected, while the other two institutions were good at making changes. “When we consulted with stakeholders, all institutions provided their individual input, ICSI and cost accountants had no objections,” Sitharaman said. The bill was first introduced in December last year, but was sent to the Standing Committee for further consultation. The commission, led by former Finance Minister Jayant Sinhou, submitted a report last week, approving the amendment and rejecting the ICAI’s objections.

IT Department conducts searches on a popular chain of educational institutes in Maharashtra

On March 14, 2022, the Income Tax Department inspected Educational Institutes

The search covered more than 25 areas in Maharashtra, Karnataka and Tamil Nadu. During the search, a lot of defamatory evidence was found and confiscated, including printed documents and digital data, which revealed that much of the funds had been withdrawn from the Trust for the personal benefit of the group’s promoters and their families, contrary to the facility. in connection with obtaining exemption from trusts under the Income Tax Act of 1961.The modus operandi of the trusts trusts involves debit mini-expenses to cover the purchase of goods / services from various fictitious companies and LLPs owned by the promoters, their family members and some of their trusted employees.

 

It was found that these entities did not / did not provide any goods / services and the staff confirmed the same on their deposit. The money raised was used to invest in acquiring Venetian real estate and dishonest payments.

During the search, evidence was found of about two dozen intangible properties in Maharashtra, Pondicherry and Tamil Nadu, which were also found in Benami properties or were not included in the relevant decrees. These properties are located below the temporary attachment.

The search also revealed evidence that Hundi’s loans were collected by Rs. 55 crore crowns and their cash payment in the form of released bills of exchange / bills of exchange that were found and confiscated. The search resulted in the confiscation of countless money for Rs. 27 lakh and jewelry worth Rs. 3.90 crore.

 

Further research is being carried out.

CA Inter Paper 8B Economics for Finance by CA Saurabh Maheshwari

CA inter Paper 8(b) Economics for Finance

Theoretical subject of group II second level CA course is economics for finance. It makes student familiar with the link between economics and finance. Every finance is incomplete without the proper understanding of its economic environment. Economics for finance maybe theoretical but it has most practical or daily life needs when it comes to understanding. Students may find theoretical subject to lengthy, boring and difficult to understand but the best way to get over this difficulties is preparing through case studies. For exemption performance you need to study from magnificent teacher. Coming your way with a doble experience of student and teacher the most understanding book for CA inter Paper 8(b) economics for finance by CA Saurabh Maheshwari.

The book is a complete package of learning and challenging. The book is written in the most simplest language to be understood and consist enormous number of questions & answers and case study for in-depth learning of the students. This book prepares you best for exams and real life. 

Contents of book:

Google To Invest Up To $1 Billion In Bharti Airtel As Part Of Its India Digitization Fund

The Indian telecommunications company Bharti Airtel and Google announced on Friday, January 28, 2022, that both parties have now signed a long-term cooperation agreement. Under the agreement, Google is now investing up to $ 1 billion in India’s second largest mobile operator. Thanks to a multi-year agreement, both companies are now working to accelerate the growth of India’s digital ecosystem.

Alphabet Inc., which owns the Google search engine, announced in an exchange auction that it will pay $ 700 million for a 1.28 percent stake in Bharti Airtel Ltd. plans to incorporate the tools created by these two technology giants. The agreement sees the partnership between the two companies in a race to offer cheap data and digital offerings in a single market of more than a billion people, which is still open to foreign companies.

The $ 1 billion Indian fund from the world’s second-largest mobile operator comes as part of Google’s $ 10 billion “Google for India Digitalization Fund.” The program was previously announced by Google CEO and Alphabet Sundar Pichai in 2020. According to the company, the project will include capital investment as well as a corpus for potential business agreements with agreed terms over the next five years. Google also announced in a statement that it will work with a telecommunications company based in Delhi to improve the situation in the Indian market.

According to the company, the focus of the partnership is the possibility of affordable access to smartphones in different price ranges and the possibility of jointly creating network domains specifically for India. The deal could also help the two companies build a 5G application and accelerate the cloud ecosystem for businesses in the developing world.

However, the deal is still ongoing and has not yet been approved by regulators. The investment deal comes just months after Airtel raised up to Rs 210 billion by selling shares to current shareholders. Meanwhile, Airtel shares rose slightly following the announcement, trading at around Rs.718 as of 1pm on Friday.

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