Niki Shah

WIRC of ICAI presents its 2 Day Flagship M&A Conclave 2024 on 12th and 13th of July, 2024. Take a deep dive into the exciting world of Mergers & Acquisitions. The M&A Conclave 2023 was a resounding success and provided participants with 360 degree view of the M&A Process. This year, we are back with some very interesting sessions covering very niche facets of the M&A Process. This Conference is one stop destination for the M&A Professional. Take the privilege of hearing to the top minds in the M&A Industry. This Seminar is a must attend for all Professionals in the M&A Industry, as well as those who would like to enter this exciting and lucrative field. Unprecedented Opportunity to network with professionals in the M&A Space. Register now and secure your spot! https://lnkd.in/gnXEsr4j CA Ankit Rathi Gautam Lath CA Pinki Kedia CA Piyush Chandak Nsk Murtuza Kachwala CA Arpit Kabra CA Shweta Jain SOURABH AJMERA CA Ketan Saiya Vishal Gada Girish Vanvari Binoy Parikh Milin Mehta Hiten Kotak Rajeev Newar Vishal Joishar Ankit G. Davda Chetan Khandhadia Ketan Dalal Aseem Mankodi Pinkesh Billimoria Yusuf Hakim #Mergers #Acquistions #Restructuring #M&A #Professional Opportunities #M&A hashtag #BusinessRestructuring hashtag #Professionalopportunities hashtag #business hashtag #icai hashtag #funding hashtag #legal hashtag #opportunity

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Upcoming Changes in Capital Gains Taxes in Budget 2024 Big changes in capital gains taxes are expected in the upcoming Budget 2024. Here are some key expectations: Assessment Period for Long-Term Capital Gains: Currently, the period of holding for immovable assets like land is 24 months.For shares and equity shares, the period is 12 months. It's expected that the period for immovable assets will be reduced to 12 months, aligning with shares and equity shares. Benefits for Senior Citizens: Reduction in Tax Rate: Anticipated reduction in tax rate for senior citizens selling ancestral property. Exemptions for Medical Purposes: Potential exemptions if the sale proceeds from the property are used for medical expenses. All these were recommendations to Government however only speculations until budget arrives.

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View Point:   1) CA Ethics : Members cannot Solicit the work/clients through public forum or any Networking Channels. Some Members: Openly Soliciting the clients through very popular "BNI" Channels (Very clearly mentioned that CA cannot be the members of any BNI neither can speak at BNI's)   Source : https://lnkd.in/dmcAYPQE     2) CA Ethics : Members shall not accept any work in lieu of any consideration. Some Members: Ready to part away more than 80% of their Professional/Audit fees (Bank Audits - Everyone Knows the Truth)   **Need to Introspect, Where we are heading. When from a respectful Profession earlier, we are now a meagre agents. We have to Re-think the thought process, otherwise most of us will become "some members – some day" ~Readers Views are Recommended. #icaiethics #codeofconduct

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Budget 2024 proposes an increase in the capital gains inclusion rate for gains realized on or after June 25, 2024. Here’s what you need to know. #BLGPublication #Tax

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📌 Implications of Section 14 Moratorium on Income Tax Appeals 📌 The ITAT Mumbai's recent ruling affects income tax appeals during insolvency proceedings. The decision clarifies that while tax dues can be assessed, collection is restricted during the moratorium period under Section 14 of the IBC. Learn how this impacts tax recovery and legal priorities in bankruptcy cases. #IBC #Insolvency #TaxLaw #LegalUpdate https://lnkd.in/gFxwnUMT

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🔵 Exciting Update for Practicing CAs ❗ Some great news that will benefit Chartered Accountants (CAs) significantly! The Institute of Chartered Accountants of India (ICAI) has introduced a new fee calculator on its Tender Monitoring Directorate (TMD) website. This tool aims to assist CAs in setting a baseline for their fees. Here’s what you need to know: The new tool helps CAs establish minimum recommended fees for various professional services, in line with the Revised Minimum Recommended Scale of Fees from February 2020. Key Features: 1. Service Categorization: Covers a broad range of services including Income Tax, GST, audit, and company law. 2. Customized Fee Recommendations: Offers fee suggestions based on service complexity, time required, and specific needs. 3. City-Based Fee Adjustments: Adjusts fees according to location, accounting for differing living costs and demand across A, B, and C cities. 4. Enhanced Transparency and Standards: Promotes standardized fees to uphold professional integrity. These suggested fees are the minimums; CAs can charge more depending on the complexity and nature of the assignment. The tool also supports customization and recommends issuing separate bills for each service. Are you aware of this update? Share the news with your fellow Practicing CA friends!

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