ICWAI

In terms of Council decision dated 22nd January, 2012, the following guidelines for conversion of Cost Accountants firms into LLPs and constitution of separate LLPs by the practising Cost Accountants have been finalized. They are applicable for conversion of Cost Accountants’ firms into LLPs or formation of new LLPs, by the members in practice of the Institute of Cost Accountants of India (ICAI) upon coming into force the provisions of the Cost and Works Accountants (A.. Full Article

In exercise of the powers conferred by sub-section (2) of Section 1 of the Chartered Accoun­tants (Amendment) Act, 2011 (No. 3 of 2012) the Central Government hereby appoints the 1st day of February, 2012 as the date on which the provision of the said Act shall come into force. Full Article

Pursuant to the decision taken by 271st council meeting held on 24th September 2011, the Practical Training scheme for the students registered under Revised Syllabus 2008 (Registered for Intermediate course on or after 01.01.2008), stands modified to the extent as mentioned below: Full Article

FAQs - 1 on Companies (Cost Accounting Records) Rules, 2011 - CARR (Amended on 07 Dec, 2011). FAQs - 2 on Companies (Cost Audit Report) Rules, 2011 CAR (Amended on 07 Dec, 2011). FAQs - 3 on CARR & CAR - 2011. Revised FAQs - 4 on CARR & CAR - 2011 (3 Feb, 2012). Revised FAQs - 5 on CARR & CAR - 2011 (3 Feb, 2012). Full Article

Finance Act 2011 involving Assessment year 2012-13 will be applicable for the subject Applied Direct Taxation (Intermediate), Applied indirect Taxation (Intermediate), & indirect & Direct Tax management (Final) for the purpose of June 2012 term of Examination Under revised syllabus 2008. Full Article

All of us are familiar with these words, especially the second line is embedded in our minds through our Institute emblem, right from the moment we entered into the CMA profession. The entire stanza from the ancient Upanishad, correctly reflect the DNA of our profession for what it stands for. If we faced our tryst with destiny in the previous month, from this month onwards we have to put the past behind us and march towards the new dawn which is emerging before us. The .. Full Article

The fees payable by the members of the Institute have been revised by the Council with effect from 1st April, 2012 from the financial year 2012-2013 onwards as follows: Full Article

The Institute of Cost and Works Accountants of India (ICWAI) will be henceforth be known as The Institute of Cost Accountants of India (ICAI). The change is a sequel to the passing of of ICWAI Amendment Act 2011, to enable their members to use the designation ACMA and FCMA denoting Associate and Fellow membership of the Institute respectively. Full Article