CA, CS, CMA

Final War-Last 15 days of Exams

Finally the Exams are approaching, finally the dreams are about to come true and finally you are going to free yourself from this burden called CA Final Exams....

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Blocked Input Tax Credit (ITC) of GST

This article summarizes the provision in relation to non availment of input tax credit/blocked ITC u/c 17(5) with examples in most understandable form....

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What’s Up? What it is all about?

What’s up is an extremely annoying question that has (unfortunately) replaced Hello or Hi as the most popular form of casual greeting. As per some Dictionaries it is an informal way of saying what's happening. But reality is much different from the dictionary meaning. When a person is faced with this question there is no defined answer ...

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Bank Audit Manual 2017-18 with Working Formats

Contents of Bank Audit Manual 2017-18 1. Key Points 2. Asset Classification & Provisioning – a ready reckoner 3. Income Recognition & Asset Classification Norms - at a Glance 4. Important Points 5. Asset Classification – at a Glance 6. Important Audit Checks 7. Draft Management Representation Letter...

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Proper process to be followed by machinery before any FIR or Arrest of a CA

Regarding memorandum to be given to Home Ministry & Police Head Quarters of the Country as well as respective states including all IG, DM & SP before any FIR or Arrest of a Chartered Accountant....

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Guwahati CIT Bribe Case: Accused are not Chartered Accountants- ICAI

ICAI has come across a Press Release issued by Central Bureau of Investigation (CBI), Guwahati wherein it has been mentioned that two of the accused involved in a criminal ease i.e Ramesh Goenka and Amit Goenka are chartered Accountant....

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Draft IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors

Exposure draft of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors for comments The IASB has issued the exposure draft of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. The last date for sending comments is 27 July 2018.  In this Exposure Draft, the International Accounting Standards Board (Bo...

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Postponement of two May 2018 CA Exam papers at Karnataka

POSTPONEMENT OF CHARTERED ACCOUNTANTS EXAMINATIONS SCHEDULED TO BE HELD ON 11TH & 12TH MAY, 2018 AT KARNATAKA STATE ONLY....

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Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 15

Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 15 „Ind AS Transition Facilitation Group‟ (ITFG) of Ind AS Implementation Group has been constituted for providing clarifications on timely basis on various issues related to the applicability and /or implementation of Ind AS under the Companies (Indian Accounting Stan...

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ICAI forms Group on Vision 2024 for Global Presence of Indian CAs

ICAI has reconstituted the Group on Vision 2024 for Global Presence of Indian CAs for suggesting way forward, comprising of the following members...

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Suo Motu Rectification of order passed u/s 245D(4) on debatable issue by Settlement Commission not valid

The Commissioner of Income Tax Vs. Income Tax Settlement Commission & Another (Bombay High Court) - This Petition under Article 226 of the Constitution of India, challenges an order dated 2nd December, 2016 passed by the Settlement Commission (Commission) under Section 245 D(6B) of the Income Tax Act, 1961 (the Act)....

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CA Final Result Controversy: HC asks ICAI to produce relevant documents

Milind Aggarwal & Ors Vs. ICAI (Delhi High Court) - In a interim order Delhi High Court has held in the case of Milind Aggarwal & Ors Vs. The Institute Of Chartered Accountants Of India that ICAI shall produce the relevant official records pertaining to the receipt and compilation of the documents, the moderation procedure adopted leading to the ...

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Form Committee to look into Violation of Law by Multi-National Accounting Firms: SC

S. Sukumar Vs. The Secretary, Institute Of Chartered Accountants Of India & Ors. - Whether the Multi-National Accounting Firms (MAFs) are operating in India in violation of law in force in a clandestine manner, and no effective steps are being taken to enforce the said law. If so, what orders are required to be passed to enforce the said law....

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Delhi HC dismisses petition against CA Final Result Controversy

Milind Agarwal And Ors. Vs. ICAI (Delhi High Court) - A perusal of the Regulation 39(2) in itself shows that the council has been granted a discretion to revise the marks obtained by the candidates in any particular paper/papers or aggregate, as may be considered necessary for maintaining the standards of passed percentage...

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CAs ought to maintain highest level of ethics and integrity: Delhi HC

Council Of The Institute Of Chartered Accountant Of India Vs. Ashok Kumar & Anr. (Delhi High Court) - Court would like to observe that CAs ought to maintain the highest level of ethics and integrity, not only in the interest of their clients but also to ensure that probity and sanctity are not compromised in any manner as CAs are not merely professionals engaged by their clients, but are protectors ...

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RBI defers implementation of Ind AS for banks by one year

Press Release : 2017-2018/2642 - (05/04/2018) - Scheduled Commercial Banks (SCBs), excluding Regional Rural Banks (RRBs), were required to implement Indian Accounting Standards (Ind AS) from April 1, 2018 vide our Circular dated February 11, 2016....

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ICAI forms Group on Vision 2024 for Global Presence of Indian CAs

ICAI has reconstituted the Group on Vision 2024 for Global Presence of Indian CAs for suggesting way forward, comprising of the following members...

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ICAI declares Time Table of CA Examination for May 2018

In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to announce that the Foundation Course {Under Revised Scheme}...

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ICSI withdraws existing SS-1 and SS-2 w.e.f. 30th September, 2017, Revised SS-1 & to be introduced w.e.f. 01.10.2017

F. No. ICSI/6/2017 - (16/08/2017) - F. No. ICSI/6/2017.—The Notification ICSI No.1 (SS) of 2015 dated 23rd April, 2015, published in the Gazette of India, Part III, Section 4, with regard to (i) SS-1: Secretarial Standard on Meetings of the Board of Directors and (ii) SS-2: Secretarial Standard on General Meetings, stands withdrawn*...

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Date, Schedule,Center & Fees for December 2017 ICAI CPT Exams

No.13-CA (EXAM)/CPT/Dec./2017 - (07/08/2017) - Institute of Chartered Accountants of India is pleased to announce that Common Proficiency Test will be held on Sunday, 17th December, 2017 in two sessions as below, at the following centres provided that sufficient number of candidates offer themselves to appear from each centre....

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Recent Posts in "CA, CS, CMA"

Final War-Last 15 days of Exams

Finally the Exams are approaching, finally the dreams are about to come true and finally you are going to free yourself from this burden called CA Final Exams....

Read More
Posted Under: CA, CS, CMA |

Guwahati CIT Bribe Case: Accused are not Chartered Accountants- ICAI

ICAI has come across a Press Release issued by Central Bureau of Investigation (CBI), Guwahati wherein it has been mentioned that two of the accused involved in a criminal ease i.e Ramesh Goenka and Amit Goenka are chartered Accountant....

Read More
Posted Under: CA, CS, CMA | ,

Suo Motu Rectification of order passed u/s 245D(4) on debatable issue by Settlement Commission not valid

The Commissioner of Income Tax Vs. Income Tax Settlement Commission & Another (Bombay High Court)

This Petition under Article 226 of the Constitution of India, challenges an order dated 2nd December, 2016 passed by the Settlement Commission (Commission) under Section 245 D(6B) of the Income Tax Act, 1961 (the Act)....

Read More

Draft IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors

Exposure draft of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors for comments The IASB has issued the exposure draft of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. The last date for sending comments is 27 July 2018.  In this Exposure Draft, the International Accounting Standards Board (Bo...

Read More
Posted Under: CA, CS, CMA |

Postponement of two May 2018 CA Exam papers at Karnataka

POSTPONEMENT OF CHARTERED ACCOUNTANTS EXAMINATIONS SCHEDULED TO BE HELD ON 11TH & 12TH MAY, 2018 AT KARNATAKA STATE ONLY....

Read More
Posted Under: CA, CS, CMA |

Blocked Input Tax Credit (ITC) of GST

This article summarizes the provision in relation to non availment of input tax credit/blocked ITC u/c 17(5) with examples in most understandable form....

Read More
Posted Under: CA, CS, CMA |

What’s Up? What it is all about?

What’s up is an extremely annoying question that has (unfortunately) replaced Hello or Hi as the most popular form of casual greeting. As per some Dictionaries it is an informal way of saying what's happening. But reality is much different from the dictionary meaning. When a person is faced with this question there is no defined answer ...

Read More
Posted Under: CA, CS, CMA |

RBI defers implementation of Ind AS for banks by one year

Press Release : 2017-2018/2642 (05/04/2018)

Scheduled Commercial Banks (SCBs), excluding Regional Rural Banks (RRBs), were required to implement Indian Accounting Standards (Ind AS) from April 1, 2018 vide our Circular dated February 11, 2016....

Read More

Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 15

Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 15 „Ind AS Transition Facilitation Group‟ (ITFG) of Ind AS Implementation Group has been constituted for providing clarifications on timely basis on various issues related to the applicability and /or implementation of Ind AS under the Companies (Indian Accounting Stan...

Read More
Posted Under: CA, CS, CMA |

ICAI forms Group on Vision 2024 for Global Presence of Indian CAs

ICAI has reconstituted the Group on Vision 2024 for Global Presence of Indian CAs for suggesting way forward, comprising of the following members...

Read More
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Latest ICAI , ICSI, CMA News

Chartered Accountants or Company Secretaries , Cost Accountants are a group of extraordinary people. Wherever they go, they bring difference. They’re talented, ambitious and are in demand. If you are thinking about a career which offers respect, prestige, great financial rewards, and better prospects becoming a Chartered Accountant, Cost Accountnat  or a Company Secretary is a perfect way to start. For becoming a CA, CMA or a CS you need to qualify the CA exam, CMA exam and the CS exam respectively. The CA, CMA and CS qualifications are exceptional prestigious and internationally respected which would offer you the skills, knowledge, and values to be a sought after business professional. The CA, CMA and CS qualifications comprises of relevant professional study and practical experience.

The ICAI (Institute of Chartered Accountants of India) is the empowering body for Chartered Accountants in India, The ICAI (The Institute of Chartered Accountants of India )  for Cost Accountantgs in India and the ICSI (Institute of Companies Secretaries of India) is the regulating body of Company Secretaries in India.

At Taxguru, we provide you with all the latest updates and announcement with respect to CA exam, CMA Exam and CS exam. Find all the latest news on ICAI and all the relevant updates related to CPT exam, IPCC and Finals. Get to know what’s new and what trending in the world of CS, CMA with all the latest news on ICSI, CMA here at Taxguru.

At Taxguru, we publish blogs and articles at regular intervals for the enlightenment of our readers who are pursuing CA, CMA or CS or have completed the esteemed professional course. We ensure that we bring you all the latest insights and guidance in your journey towards your goal to achieve success in CA, CMA and CS exams. We keep you posted on all important and significant ICAI news and ICSI news and ensure to keep updated with the trending information from the world of these profound professions.