CA, CS, CMA

How to get Clients for Accounting Business

Friends if you have Completed your professional degree and want to start practice. The next question that comes is How to Find new clients? Here are some methods that are available to professionals to market & advertise themself are: Networking Attending the social meetings, making friends and exchanging business cards. These social c...

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We Only Responsible

We only are responsible for our own acts and deeds. It is an old age human tendency that when we face failure in any aspect of life we blame others for that and when we succeed, we only remember our own efforts and nothing else. Have we ever thought why this was happened? Why can’t […]...

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Composite supply v/s mixed supply – Interpretation makes it even more complex !

A recent Kerala AAR (ADVANCE RULING No. KER/33/2019 dated 01/03/2019) in case of Kerala Forest Development Corporation Ltd. (hereinafter referred as applicant company) has added fuel to the (already burning) fire pertaining to composite and mixed supplies. Fact of the case stands as : Applicant company was providing tour packages to promo...

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New standard Ind AS 116 – Leases

Ind AS 116 shall be applied for recognition, measurement, presentation and disclosure of leases. It provides guidance on accounting of leases by lessor and lessee separately. Principles of Ind AS 116 with respect to accounting of leases by lessor are substantially same as previously provided under Ind AS 17. However, there is significant ...

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Application of Time Value of Money concept to WDV Depreciation Calculation

Depreciation as per written down value method (WDV) has been under the spotlight after the introduction of the Companies Act, 2013. Schedule II of the act mandates to provide depreciation as per useful life of assets using either straight line method or written down value method. This article is on Application of Time Value of […]...

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Empanelment of Concurrent Auditors in J&K Bank

The Jammu & Kashmir Bank Ltd. Invites On-Line applications from registered Chartered/ Cost Accountant firms interested to conduct the Concurrent Audit of various Business Units of the Bank located In various states / UT’s across the country....

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ICAI to not to accept cheques / DDs and Physical forms

ANNOUNCEMENT For Kind Attention of Members, Firms & Students The Institute of Chartered Accountants of India has been continuously evolving ways to automate and re-engineer processes in order to make transactions easier and user friendly. One such step has been the creation of SSP (Self Service Portal), an initiative from ICAI to make...

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UDIN Compulsary for all certificates Signed after 1st February 2019

Institute of Chartered Accountants of India  made UDIN mandatory with effect from 1st February 2019 to curb the very malpractice of fake certificate issuance by ICAI non members. As per Institute’s website “It was noticed that financial documents/ certificates attested by third person misrepresenting them as CA Members are misleading...

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Accounting Standard 34, Interim Financial Reporting- Exposure Draft

Exposure Draft Accounting Standard (AS) 34 Interim Financial Reporting- Interim financial report means a financial report containing either a complete set of financial statements as described in AS 1, Presentation of Financial Statements, or a set of condensed financial statements (as described in this Standard) for an interim period....

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ICAI members to pay Membership/ COP Fees by 30.09.2019

ICAI requests all its Members to remit annual Membership/Certificate of Practice fees, which becomes due for payment on 1st April, 2019 and needs to be paid on or before 30th September, 2019.  It is also requested to pay the fees preferably by 30th June, 2019 in terms of GST Liability....

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CS found guilty of filing Compliance Certificate without Due Diligence

Shri Rajev M. Bhingarde Vs Shri Hemant S. Shetye - Shri Rajev M. Bhingarde Vs Shri Hemant S. Shetye (Disciplinary Committee, ICSI) Disciplinary Committee after considered all the material on record, the nature of issues involved and in the totality of the circumstances of the case and the Respondent pleaded guilty only to the charge of not exercisin...

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Order on quantum of Punishment without providing opportunity of being heard is invalid

Gayathri Pasarakayala Vs Disciplinary Committee (ICSI Appellate Authority) - Gayathri Pasarakayala Vs Disciplinary Committee (ICSI Appellate Authority) It is clear that the Disciplinary Committee has not followed the due procedure as prescribed statutorily as no opportunity of being heard was provided to Ms. Gayathri Pasarakayala on the question of quantum of punishment irre...

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Working as Asst CS/ Management Trainee cannot be considered as equal to CS

Ritu Bhatia Vs Ministry Of Civil Supplies consumer Affairs & Public Distribution And Others (Supreme Court of India) - Working experience as an Assistant Company Secretary or a Management Trainee cannot be treated as equal to a Company Secretary so as to become eligible for the post of Company Secretary....

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Misconduct Proceedings against CA for Sexual Harrassment is valid : HC

Lalit Agrawal Vs ICAI & ANR (Delhi High Court) - Lalit Agrawal Vs ICAI & ANR (Delhi High Court) Hon;ble Court is unable to accept the contention that the Board of Discipline does not have the jurisdiction to examine the alleged misconduct which includes Sexual Harrassment on the part of the petitioner. Clause (2) of Part-IV of the First Schedu...

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Misconduct Allegations against CS not sustainable in absence of Evidence

Shri Nizar Mawani Vs Shri Ajay Moreshwar Antarkar (ICSI) - Shri Nizar Mawani Vs Shri Ajay Moreshwar Antarkar (ICSI Disciplinary Committee ) The Disciplinary Committee and after considering all the material on record and after considering all the facts and circumstance of the matter observed that the instant case has arisen out of an affidavit purportedly fi...

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Tribunal constituted to decide ICAI December 2018 election disputes

S.O. 1591(E) - (12/04/2019) - Central Government hereby establishes a Tribunal consisting of the following persons to decide disputes arising under section 10A of the said Act in the matter of election to the Council of the Institute of Chartered Accountants of India held in December, 2018, namely:-...

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CA Firms Empanelment for Concurrent Audit with Vidharbha Konkan Gramin Bank

Vidharbha Konkan Gramin Bank invites applications from practising Proprietor/ Partnership firms of Chartered Accountants in India who fulfil the eligibility criteria as mentioned hereunder and are willing to have their Firms empanelled as Concurrent Auditors in the Bank for conducting Concurrent Aud...

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Elections of councils of Institute of Cost Accountants of India

No. EL-2019/1, No. EL-2019/2, No. EL-2019/3, No. EL-2019/4, No. EL-2019/5, No. EL-2019/6, No. EL-2019/7, No. EL-2019/8, No. EL-2019/9 - (26/03/2019) - THE INSTITUTE OF COST ACCOUNTANTS OF INDIA NOTIFICATION Kolkata, the 26th March, 2019 ELECTIONS TO THE COUNCIL AND THE REGIONAL COUNCILS, 2019 The present (four-year) term of the Nineteenth Council will come to an end on July 21, 2019. For the purpose of constituting Twentieth Council on July 22, 20...

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Verify documents attested by CAs on UDIN Portal: IBA

CI-I/ICAI/UDINI - (11/03/2019) - Unique Document Identification Number is an 18 Digit Number randomly generated through the UDIN portal on a predefined algorithm. The portal is available at https://udin.icai.org/ with exhaustive FAQs. ...

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No Mandatory Training for Renewal of CoP to Cost Accountants

Notification No. CWA/21/2019 - (08/03/2019) - The Institute of Cost Accountants of India has amended its recent notification and rectified its mistake due to which it was mandated Training for Renewal of CoP to Cost Accountants while its was intended for Issue of certificate of practice (CoP) THE INSTITUTE OF COST ACCOUNTANTS OF INDIA CORRIGEND...

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Recent Posts in "CA, CS, CMA"

How to get Clients for Accounting Business

Friends if you have Completed your professional degree and want to start practice. The next question that comes is How to Find new clients? Here are some methods that are available to professionals to market & advertise themself are: Networking Attending the social meetings, making friends and exchanging business cards. These social c...

Read More
Posted Under: CA, CS, CMA |

Empanelment of Concurrent Auditors in J&K Bank

The Jammu & Kashmir Bank Ltd. Invites On-Line applications from registered Chartered/ Cost Accountant firms interested to conduct the Concurrent Audit of various Business Units of the Bank located In various states / UT’s across the country....

Read More
Posted Under: CA, CS, CMA |

ICAI to not to accept cheques / DDs and Physical forms

ANNOUNCEMENT For Kind Attention of Members, Firms & Students The Institute of Chartered Accountants of India has been continuously evolving ways to automate and re-engineer processes in order to make transactions easier and user friendly. One such step has been the creation of SSP (Self Service Portal), an initiative from ICAI to make...

Read More
Posted Under: CA, CS, CMA |

We Only Responsible

We only are responsible for our own acts and deeds. It is an old age human tendency that when we face failure in any aspect of life we blame others for that and when we succeed, we only remember our own efforts and nothing else. Have we ever thought why this was happened? Why can’t […]...

Read More
Posted Under: CA, CS, CMA |

CS found guilty of filing Compliance Certificate without Due Diligence

Shri Rajev M. Bhingarde Vs Shri Hemant S. Shetye

Shri Rajev M. Bhingarde Vs Shri Hemant S. Shetye (Disciplinary Committee, ICSI) Disciplinary Committee after considered all the material on record, the nature of issues involved and in the totality of the circumstances of the case and the Respondent pleaded guilty only to the charge of not exercising due diligence in respect of notices fo...

Read More
Posted Under: CA, CS, CMA |

UDIN Compulsary for all certificates Signed after 1st February 2019

Institute of Chartered Accountants of India  made UDIN mandatory with effect from 1st February 2019 to curb the very malpractice of fake certificate issuance by ICAI non members. As per Institute’s website “It was noticed that financial documents/ certificates attested by third person misrepresenting them as CA Members are misleading...

Read More
Posted Under: CA, CS, CMA |

Accounting Standard 34, Interim Financial Reporting- Exposure Draft

Exposure Draft Accounting Standard (AS) 34 Interim Financial Reporting- Interim financial report means a financial report containing either a complete set of financial statements as described in AS 1, Presentation of Financial Statements, or a set of condensed financial statements (as described in this Standard) for an interim period....

Read More
Posted Under: CA, CS, CMA |

Tribunal constituted to decide ICAI December 2018 election disputes

S.O. 1591(E) (12/04/2019)

Central Government hereby establishes a Tribunal consisting of the following persons to decide disputes arising under section 10A of the said Act in the matter of election to the Council of the Institute of Chartered Accountants of India held in December, 2018, namely:-...

Read More

ICAI members to pay Membership/ COP Fees by 30.09.2019

ICAI requests all its Members to remit annual Membership/Certificate of Practice fees, which becomes due for payment on 1st April, 2019 and needs to be paid on or before 30th September, 2019.  It is also requested to pay the fees preferably by 30th June, 2019 in terms of GST Liability....

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

Order on quantum of Punishment without providing opportunity of being heard is invalid

Gayathri Pasarakayala Vs Disciplinary Committee (ICSI Appellate Authority)

Gayathri Pasarakayala Vs Disciplinary Committee (ICSI Appellate Authority) It is clear that the Disciplinary Committee has not followed the due procedure as prescribed statutorily as no opportunity of being heard was provided to Ms. Gayathri Pasarakayala on the question of quantum of punishment irrespective of her admission of guilt conve...

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.