Types of Wills in India

Almost everyone is familiar with the general idea or concept of a will. We know it is a written statement made by a person expressing how one would like his or her assets to be distributed in the event of one’s death. And yet, several people die every year without a will causing family feuds […]

GST on Interest Income

GST on Interest Income

Under the GST Regime, assessees are required to obtain registration under the GST Act based on their aggregate turnover. All taxpayers (suppliers of goods and services) are granted a threshold exemption. If the total turnover exceeds this threshold limit, registration under GST is mandatory. Interest on late payments doesn’t have the necessary elements to consider

The Second Schedule Part -III – The Chartered Accountants Act, 1949

Other misconduct in relation to members of the Institute generally A member of the Institute, whether in practice or not, shall be deemed to be guilty of other misconduct, if he is held guilty by any civil or criminal court for an offence which is punishable with imprisonment for a term exceeding six months.] Practice

The Second Schedule Part -II – The Chartered Accountants Act, 1949

Professional misconduct in relation to members of the Institute generally A member of the Institute, whether in practice or not, shall be deemed to be guilty of professional misconduct, if he- (1) contravenes any of the provisions of this Act or the regulations made thereunder or any guidelines1 issued by the Council; (2) being an employee of

The Second Schedule Part -I – The Chartered Accountants Act, 1949

Professional misconduct in relation to chartered accountants in practice A chartered accountant in practice shall be deemed to be guilty of professional misconduct, if he– (1) discloses information acquired in the course of his professional engagement to any person other than his client so engaging him, without the consent of his client or otherwise than as required

The First Schedule Part -IV – The Chartered Accountants Act, 1949

Other misconduct in relation to members of the Institute generally A member of the Institute, whether in practice or not, shall be deemed to be guilty of other misconduct, if he- (1) is held guilty by any civil or criminal court for an offence which is punishable with imprisonment for a term not exceeding six

The First Schedule Part -III – The Chartered Accountants Act, 1949

Professional misconduct in relation to members of the Institute generally A member of the Institute, whether in practice or not, shall be deemed to be guilty of professional misconduct, if he– (1) not being a fellow of the Institute, acts as a fellow of the Institute; (2) does not supply the information called for, or

The First Schedule Part -II – The Chartered Accountants Act, 1949

Professional misconduct in relation to members of the Institute in service A member of the Institute (other than a member in practice) shall be deemed to be guilty of professional misconduct, if he being an employee of any company, firm or person– (1) pays or allows or agrees to pay directly or indirectly to any person any share in

The First Schedule Part -I – The Chartered Accountants Act, 1949

Professional misconduct in relation to chartered accountants in practice A chartered accountant in practice shall be deemed to be guilty of professional misconduct, if he – (1) allows any person to practice in his name as a chartered accountant unless such person is also a chartered accountant in practice and is in partnership with or employed by him; (2) pays or allows or

Section 33 – The Chartered Accountants Act, 1949

Repealed Amendment 1 The following Section 33 was repealed by the Repealing and Amending Act, 1952 (No. XLVIII of 1952) – Gazette of India Extraordinary dated 2nd August,1952: “33. Amendment of Section 144, Indian Companies Act, 1913 In Section 144 of the Indian Companies Act, 1913 (VII of 1913), for sub-sections (1), (2), (2A), and (2B), the following sub-section