Goods and Services Tax : ICAI clarified that ITC wrongly reversed under Table 4(B)(1) instead of Table 4(B)(2) can still be reclaimed within statutory time...
CA, CS, CMA : The FAQs explain how the 60 Tax Audit assignment ceiling will operate through the UDIN system from 1 April 2026. ICAI clarified wh...
CA, CS, CMA : Banks are asking CAs to issue end-use and KYC certificates without regulatory support. RBI confirms no such requirement exists, hi...
Company Law : The proposal to remove statutory audits for small companies risks eliminating independent financial scrutiny, potentially weakenin...
Corporate Law : The Bar Council of India has officially confirmed that the IGNOU-ICAI B.Com (Accountancy & Finance) degree meets all eligibility c...
CA, CS, CMA : ICAI has opened nominations for Season 5 of the 40 Under 40 CA Business Leader Awards to honour Chartered Accountants under 40 dem...
CA, CS, CMA : CAAS welcomed the Supreme Court's draft AI regulations while proposing changes to improve implementation at the filing counter. Th...
CA, CS, CMA : CAAS emphasized that smaller businesses may require adequate time, software readiness, and stakeholder awareness before adapting t...
CA, CS, CMA : CAAS has requested the Gujarat Industries Commissionerate to direct all DIC offices to accept certificates containing ICAI-mandate...
CA, CS, CMA : CAAS urged Gujarat authorities to stop rejecting certificates merely because they do not mirror prescribed formats. The representa...
CA, CS, CMA : The Delhi High Court held that one of the meetings relied upon for automatic vacation of the petitioner’s seat was convened with...
CA, CS, CMA : The Court examined whether a complaint arising from a family dispute can be entertained in misconduct proceedings. It held that su...
CA, CS, CMA : The High Court held that a direct appellate challenge to the final removal order was not maintainable. The appeal was withdrawn wi...
CA, CS, CMA : The court affirmed disciplinary action where an auditor failed to detect ever-greening of assets and misreporting in audit account...
Income Tax : The ITAT Delhi has deleted a ₹25,000 penalty under Section 271A, ruling that F&O turnover for a trader should be calculated base...
CA, CS, CMA : ICAI notifies removal of 12 chartered accountants from membership rolls, with suspension periods, fines, and reprimands in select ...
CA, CS, CMA : ICAI Board holds CA not guilty in bribery case, finds no proof of knowledge or intent; mere receipt of packet without mens rea not...
CA, CS, CMA : The issue involved allegations of assisting in bogus accounting entries. The ruling held that without certification or statutory r...
CA, CS, CMA : The issue involved disciplinary action for professional and other misconduct under the Chartered Accountants Act. The authorities ...
Corporate Law : The amended guidelines mandate minimum CPE hours for all practicing members. Non-compliance will lead to discontinuation of the Ce...
The issue focused on strengthening public financial management for effective governance. ICAI emphasized reforms such as accrual accounting, transparency, and digital systems. The key takeaway is that robust PFM is essential for inclusive and sustainable development.
ICAI released complete schedule for Foundation, Intermediate, and Final exams along with application deadlines and fees. The announcement outlines exam dates, centres, and key instructions for candidates.
ICAI has released the May 2026 convocation schedule for members enrolled between Dec 2025 and Apr 2026. Eligible candidates will receive membership certificates and event details shortly.
The issue involved a media report alleging low returns and poor salaries for Chartered Accountants. The Institute clarified that the profession offers high demand, strong salaries, and diverse opportunities, correcting the misleading narrative.
Banks are asking CAs to issue end-use and KYC certificates without regulatory support. RBI confirms no such requirement exists, highlighting the need for professionals to avoid unauthorized certifications.
The Institute has proposed syllabus changes to align with modern industry, regulatory, and technological needs. Stakeholders are invited to share inputs to shape a more practical and skill-based curriculum.
The issue involved false reports about a new authority for CA exams. ICAI clarified that no such proposal is confirmed, urging students to ignore rumors and focus on exams.
ICAI Board holds CA not guilty in bribery case, finds no proof of knowledge or intent; mere receipt of packet without mens rea not misconduct, proceedings closed under Rule 15(2).
The issue involved allegations of assisting in bogus accounting entries. The ruling held that without certification or statutory role, the CA cannot be held liable for misconduct.
The issue involved disciplinary action for professional and other misconduct under the Chartered Accountants Act. The authorities held the member guilty, and the penalty of removal was upheld through appeal and enforced after court dismissal.
