CA, CS, CMA

Treatment of Covid-19 Losses | Extraordinary or Exceptional | Ind AS 1 & AS 5 Paradox 

Business is passing through an unprecedented time and incurring huge direct and indirect costs due to Covid 19 pandemic. Lockdown protocols have led to severe supply chain disruptions and labour shortages, hurting both the top and the bottom lines of almost all companies. Writing offs inventory with low shelf life or high storage costs or...

Read More

Due Dates for Compliance Calendar – June 2020

DUE DATES FOR COMPLIANCES – JUNE 2020  Article compiles due dates which are falling in the Moth of January 2020 and relevant form which needs to be filed  for Statutory or Tax Compliance under Various laws related to Income Tax, GST, Provident Fund, ESI and Equalisation Levy. Event Date Act Applicable Form Obligation 04/06/2020 Go...

Read More

Appeal to President, ICAI for deferring May 20 exams to November 20

It is prayed to merge the May 2020 exam with November exams and initiate the remedial measures of providing options of students to their chosen groups etc. Further in a stressful and trying situation, and I look forward to your understanding to make decisions in a timely and well-informed manner....

Read More

Work from home is good #WFH

Virus from China has changed work environment everywhere. Epidemic nature of this virus had forced business community to allow its employees to have Work from Home (WFH). Earlier this was seen as facility offered for Work life Balance, now it is Business Continuity Plan (BCP). However effective use of WFH is need of hour. Giving […...

Read More

IND AS 32: Financial Instruments (Presentation)

There are 3 Ind AS dealing with Financial Instruments:- 1. Financial Instruments-Presentation(IND AS-32) 2. Financial Instruments-Recognition & Measurement(IND AS-109) 3. Financial Instruments-Disclosures(IND AS-107) What is ‘Financial Instrument’? Paragraph 11 of Ind As 32 defines: A financial instrument is any contract t...

Read More

ICAI Advisory on unauthorised use of Trademark ‘ICAI’

Mark 'ICAI' which is the acronym of the Institute has acquired a distinctive character and as it exclusively considered to be associated with Identity of Institute of Chartered Accountants of India (ICAI)....

Read More

Further extensions of validity of Peer Review Certificate- Reg.

Peer Review Board has granted further extension to Practice Units mentioned at Point no. C hereunder. These should be read in conjunction with the Announcement dated 30.3.2020 which had already covered cases at point no. A and B....

Read More

Covid-19 Lockdown- ICAI’s Initiatives For Members, Students & Firms

ICAI is expected to forgo more than 100 crore of receipt from Members and students in the form of highly subsidized certificate courses, availability of free CPE Hours, virtual courses/classes, scholarships etc. to stand together in the hour of crisis....

Read More

Check CAG Provisional empanelment status

Empanelment with the O/o C&AG of India for the year 2020-2021 The status of provisional Empanelment along with the provisional score points with respect to the Chartered Accountant firms/LLPs firms who have applied for empanelment with O/o C&AG of India for the year 2020-21 will be available from May 28th, 2020 to June 04th, 2020 ...

Read More

Establishment of Center for Audit Quality by ICAI

The profession of accountancy and auditing throughout the world is regulated and licenses are granted by the Regulator/Sovereign to the auditors to ensure probity in financial statements. The Institute of Chartered Accountants of India (ICAI) is a statutory body set up in 1949 by an Act of Parliament to regulate the Profession of Chartere...

Read More

Bombay HC dismisses NCLT plea to ban Deloitte and BSR for 5 years

N Sampath Ganesh Vs Union of India (Bombay High Court) - Bombay High Court had upheld the constitutional validity of Section 140(5) of the Companies Act but held that it would not apply to auditors who had resigned and also squashed the prosecution or the criminal complaints filed by the Serious Fraud Investigation Office (SFIO) against the erstwhile audi...

Read More

ICAI obliged to specify reasons for closure of misconduct case to Complainant

Trideep Raj Bhandari Vs ICAI (Delhi High Court) - ICAI was under an obligation to provide reasons to the complainant for its prima facie conclusion of the Chartered Accountant being member not guilty of any misconduct on the complaint made by a Complainant. ...

Read More

AA imposes Penalty of Rs. 50k on DC of ICAI for being negligent

Devendraa P. Kapur Vs ICAI & Others (Appellate Authority of ICAI) - On perusal of the record, it reveals that the Institute was negligent in the non­compliance of the directions of this Appellate Authority. The DC was required to seek extension of time from this Authority had there been any difficulty on any count to dispose of the matter within six months....

Read More

Appellate Authority explains Rule 3(4) of CA Professional Misconduct Rules

Ashok A Jain Vs Director (Discipline), ICAI (Appellate Authority of ICAI) - Ashok A Jain Vs Director (Discipline) (Appellate Authority of ICAI) Now coming to the question if this Board Resolution satisfies the requirement of Rule 3 (4) of the Rules. It has been contended on behalf of the Appellant that this Resolution is a general Resolution in favour of Simon Tippet and no...

Read More

Appellate Authority shows displeasure for use of it to recover dues

Aakansha Vaid Vs ICSI (Appellate Authority of ICSI) - Aakansha Vaid Vs ICSI (Appellate Authority of ICSI) he Authority records its displeasure about the conduct of the Complainant during the entire proceedings. The Complainant lodged a comprehensive Complaint supported with several documents before the Institute on 3rd August 2017. He sent letter dated...

Read More

Amendment in constitution of Quality Review Board of ICSI

Notification No. G.S.R. 339(E) - (01/06/2020) - MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 1st June, 2020 G.S.R. 339(E).—In exercise of the powers conferred by section 29A of the Company Secretaries Act, 1980 (56 of 1980), read with sub-rule (1) of rule 8 of the Company Secretaries Procedures of Meetings of Quality Review Board, ...

Read More

Rules to amend Chartered Accountants Procedure of Meetings of Quality Review Board

Notification No. G.S.R. 311(E) & G.S.R. 312(E) - (26/05/2020) - These rules may be called the Chartered Accountants Procedure of Meetings of Quality Review Board, and Terms and Conditions of Service and allowances of the Chairperson and members of the Board (Amendment) Rules, 2020....

Read More

Draft Chartered Accountants (Amendment) Regulations, 2019

Notification No. F. No.1-CA(7)/193/2020 - (04/05/2020) - is registered with the Board of Studies of the Institute on or before 1st day of January or 1st day of July for the examination to be held in the months of May/June or November/December respectively; and has complied with such other requirements as may be decided by the Council from time to time.; a...

Read More

Company Secretaries (Amendment) Regulations, 2020

Notification No. No. 710/1 (M)/1 - (03/02/2020) - 1. (1) These Regulations may be called the Company Secretaries (Amendment) Regulations, 2020. (2) They shall come into force on the date of their final publication in the Official Gazette....

Read More

ICMAI mandates 15 Month Practical Training for students

Ref. No.: G/128/1/2019-2020 - (14/01/2020) - 1. Under this scheme students are required to undergo a Practical Training for at least 15 months instead of 6 months. 2. This training scheme will be applicable for the students registering in Intermediate Course for the December 2020 term examination onwards....

Read More

Browse All Categories

CA, CS, CMA (4,698)
Company Law (6,000)
Custom Duty (7,746)
DGFT (4,225)
Excise Duty (4,362)
Fema / RBI (4,188)
Finance (4,392)
Income Tax (33,089)
SEBI (3,459)
Service Tax (3,553)

Recent Posts in "CA, CS, CMA"

Amendment in constitution of Quality Review Board of ICSI

Notification No. G.S.R. 339(E) (01/06/2020)

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 1st June, 2020 G.S.R. 339(E).—In exercise of the powers conferred by section 29A of the Company Secretaries Act, 1980 (56 of 1980), read with sub-rule (1) of rule 8 of the Company Secretaries Procedures of Meetings of Quality Review Board, and Terms and Conditions of Service and ...

Read More

Conversion Calculator in Excel Format

This Conversion Calculator Helps In Conversion From One Unit of Measurement To Another Unit of Measurement In Length, Area, Mass, Volume And Temperature. Let’s say converting a) temperature in Celsius to Fahrenheit, b) mass in Pounds to Kilograms, c) volume in Gallons to Liters d) area from acres to hectares and many many more....

Read More
Posted Under: CA, CS, CMA |

Treatment of Covid-19 Losses | Extraordinary or Exceptional | Ind AS 1 & AS 5 Paradox 

Business is passing through an unprecedented time and incurring huge direct and indirect costs due to Covid 19 pandemic. Lockdown protocols have led to severe supply chain disruptions and labour shortages, hurting both the top and the bottom lines of almost all companies. Writing offs inventory with low shelf life or high storage costs or...

Read More
Posted Under: CA, CS, CMA |

Due Dates for Compliance Calendar – June 2020

DUE DATES FOR COMPLIANCES – JUNE 2020  Article compiles due dates which are falling in the Moth of January 2020 and relevant form which needs to be filed  for Statutory or Tax Compliance under Various laws related to Income Tax, GST, Provident Fund, ESI and Equalisation Levy. Event Date Act Applicable Form Obligation 04/06/2020 Go...

Read More
Posted Under: CA, CS, CMA |

ICAI Advisory on unauthorised use of Trademark ‘ICAI’

Mark 'ICAI' which is the acronym of the Institute has acquired a distinctive character and as it exclusively considered to be associated with Identity of Institute of Chartered Accountants of India (ICAI)....

Read More
Posted Under: CA, CS, CMA |

Appeal to President, ICAI for deferring May 20 exams to November 20

It is prayed to merge the May 2020 exam with November exams and initiate the remedial measures of providing options of students to their chosen groups etc. Further in a stressful and trying situation, and I look forward to your understanding to make decisions in a timely and well-informed manner....

Read More

Further extensions of validity of Peer Review Certificate- Reg.

Peer Review Board has granted further extension to Practice Units mentioned at Point no. C hereunder. These should be read in conjunction with the Announcement dated 30.3.2020 which had already covered cases at point no. A and B....

Read More
Posted Under: CA, CS, CMA |

Work from home is good #WFH

Virus from China has changed work environment everywhere. Epidemic nature of this virus had forced business community to allow its employees to have Work from Home (WFH). Earlier this was seen as facility offered for Work life Balance, now it is Business Continuity Plan (BCP). However effective use of WFH is need of hour. Giving […...

Read More
Posted Under: CA, CS, CMA |

IND AS 32: Financial Instruments (Presentation)

There are 3 Ind AS dealing with Financial Instruments:- 1. Financial Instruments-Presentation(IND AS-32) 2. Financial Instruments-Recognition & Measurement(IND AS-109) 3. Financial Instruments-Disclosures(IND AS-107) What is ‘Financial Instrument’? Paragraph 11 of Ind As 32 defines: A financial instrument is any contract t...

Read More
Posted Under: CA, CS, CMA |

Covid-19 Lockdown- ICAI’s Initiatives For Members, Students & Firms

ICAI is expected to forgo more than 100 crore of receipt from Members and students in the form of highly subsidized certificate courses, availability of free CPE Hours, virtual courses/classes, scholarships etc. to stand together in the hour of crisis....

Read More
Posted Under: CA, CS, CMA |

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.