CA SANJAY NIKAM

The ICAI has released the revised schedule for the May 2024 Inter and Final Examinations. Wishing all the success to all the aspirants.

📢 IMPORTANT ANNOUNCEMENT The result of the CA Final Examination (Jan 2026) is likely to be declared by the evening of 1st March 2026. Candidates can access their results at icai.nic.in using Registration No. & Roll No. #ICAI #CAFinal #Results

Attention Taxpayers! Excel Utilities of ITR-2 and ITR-3 for AY 2025-26 are now live and available for filing. Visit: incometax.gov.in/iec/foportal/d…

ITR-2 & ITR-3 excel Utility released by the department.

Breaking on NFRA CA Piyush Goyal ji in presence of 500+ CAs. has assured that he will personally address the issue faced by CA fraternity from NFRA and make a representation to Parliament in the last week of November. #NFRA #ICAI As received in a WhatsApp group , Your suggestions are welcome at rajkumar@cadrrajkumaradukia.com #NFRA #ICAI @PiyushGoyal @PiyushGoyalOffc

Preparation for WIRC Box Cricket Tournament. Special thanks to @Sanjaydnikam Sir for encouraging us to play

✅Central Board of Direct Taxes (CBDT) has decided to extend the specified date for filing of various reports of audit for the Previous Year 2023-24, which was 30th September, 2024 in the case of assessees referred in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act, to 07thOctober 2024. ✅Details available in CBDT Circular No. 10/2024 in 225/205/2024-ITA-II dated 29.09.2024 incometaxindia.gov.in/communications… @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

Water pouring in. Flood Situation in almost many parts of Maharashtra. Life and health is important among others. Clients not cooperating. Not coming to offices. Extend Due Date @FinMinIndia @nsitharaman @nsitharamanoffc #Extend_due_date_immediately #ExtendITRFilingDueDates

*आप सभी को महावीर जन्मकल्याणक दिवस की बहुत बहुत बधाई और शुभकामनाएं 🙏🏼*

Considering the election impact and its practicality , the ICAI has released the revised schedule for the May 2024 Inter and Final Examinations . Wishing them all the best . 😊

This is to inform you that the results of the Chartered Accountants Foundation Examination held in December 2023/January 2024 are likely to be declared on Wednesday, the 7th February, 2024.

The results of Chartered Accountants Final and Intermediate Examinations held in the month of November 2023 are likely to be declared on Tuesday, the 9th January 2024

Exciting News! WIRC of ICAI and WICASA have set a WORLD RECORD for the largest gathering of members in a human mosaic! Proud moment for the accounting community. #WICASARecord #ICAI #WIRCRecord

CA Intermediate and Final Nov 23 Exam result may be expected between 5th Jan to 10th Jan 2024. All the best Students 👍🏻

CA Intermediate and Final Nov 23 Exam result may be expected between 5th Jan to 10th jan . Just for information .

💥⚠️ Important Judgement: 📢 GST Council cannot determine classification; Allows writ on 'flavoured milk' controversy ➡️ Wrong Classification of Flavoured Milk: The Madras High Court addressed a case where Parle Agro challenged the classification of 'flavoured milk' under HS Code No. 2202 instead of HS Code 0402, which would result in a lower GST rate of 5% instead of 12%. ➡️ GST Council's Limited Authority: The court asserted that the GST Council does not have the authority to determine the classification of goods, emphasizing that this falls outside the purview of the Council. ➡️ Customs Tariff Act Determination: The High Court analyzed the GST law, the charging section, and the historical practice of classification under the Customs Tariff Act. It concluded that 'flavoured milk' should be classified under Tariff Heading 0402, attracting a 5% GST. ➡️ Interpretation of 'Beverages Containing Milk': The court scrutinized relevant notes in the Customs Tariff Act and applied the principle of “Nosciter – a sociss” to conclude that 'Beverages Containing Milk' pertains only to plant/seed-based milk with alcohol, excluding dairy milk-based flavoured milk. ➡️ Rejection of Previous Indirect Tax Classifications: The High Court rejected past classifications of 'Flavoured Milk' under the Central Excise Act, deeming them erroneous. It emphasized that previous classifications under the Excise Act are irrelevant for determining the correct classification under the new GST regime. The court allowed the government to issue a fresh notification to adjust the tax rate if needed. ✔️ M/s.Parle Agro Pvt. Ltd. vs .Union of India & Ors. [TS-577-HC(MAD)-2023-GST] #GST #gstcouncil #FlavouredMilk #GSTwithBimalJain #a2ztaxcorpllp #Milk #Classification #advBimalJain

CBDT extends the time limits for submission of certain TDS/TCS Statements. Due date for filing of TDS/TCS statements in Form Nos. 26Q, 27Q & 27EQ for first quarter of FY 2023-24 has been extended to 30th September, 2023. CBDT Circular No.9/2023 in F.No. 370149/109/2023-TPL dated 28.06.2023 has been issued. The said Circular is available on incometaxindia.gov.in @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

Under the leadership of PM Shri @narendramodi Ji, the Union Cabinet has approved various Memorandum of Understanding (MoUs). One such MoU is between the Institute of Chartered Accountants of India and The Chartered Accountants of the Maldives, allowing ICAI members to expand their professional horizons and contribute to the capacity building of local professionals. Another approved MoU is between the Competition Commission of India and the Egyptian Competition Authority. This agreement aims to promote and strengthen cooperation in competition law and policy through the exchange of information. #CabinetDecisions