chartered accountants

5 Steps to run a Direct Tax Consultancy

CA, CS, CMA - The time has come for professionals to adopt the ways to be self-employed and build own fortune. In an era when high school teenagers are building Instagram and YouTube fortune it gives us inspiration to build own consultancy. It is said that two things are certain Tax and Death. There are no boundaries to direct […]...

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Is Indian Institute of Accounting Practiable?

CA, CS, CMA - There has been hue and cry over the central government overtures to  set up Indian institute of accounting (IIA) in the line of IIT, IIM etc  all over the country to such extent so as to finds its stout voices  in the floor of parliament. It  is quite natural since such proposal seeks to replace […]...

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Free GST Software for 3 years for CA’s in Practice: An Initiative of ICAI

CA, CS, CMA - Due to the increase in complexity in GST compliance and a lot of manual work related to reconciliation and reporting, GST Audit has become a very typical job for CA's to match and reconcile every return. Practicing Chartered Accountants always need a tool that can minimize the clerical work and increase accuracy and effectiveness in the r...

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Decoupling ICAI

CA, CS, CMA - When the demonetization of Rs 500 & Rs 1000 was announced by Prime Minister Sri Modiji of India on a nationally televised address, even I was watching the same in Abu Dhabi at my residence (Presently in India) and I couldn’t believe that these 2 denominations of notes are no more legal tender, so what […]...

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मूंह में राम, बगल में छुरी- सीए संस्थान के पर कतरने की तैयारी में सरकार

CA, CS, CMA - पहले ही सरकार ने नेशनल फाइनेंशियल आथिरटी के गठन के साथ ही सीए संस्थान के अनुपालनीय प्रक्रिया को सूचिबद्ध कंपनियों के केस से अलग क...

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UDIN problem Resolutions

CA, CS, CMA - UDIN Resolutions: Please retry today to update UDIN in income tax portal. If problem still error persist, then, 1) Please retry to update UDIN now again. 2) Complain to UDIN Directorate, ICAI: If problem persists, you should also raise a complain on UDIN portal : https://udin.icai.org/complaints . Email id: [email protected], ICAI UDIN Help de...

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MCA invites application from Young CAs for engagement in RD (NR)

CA, CS, CMA - Ministry of Corporate Affairs (MCA) headquarter, Delhi invites application from Chartered Accountants (CAs) having 2 to 5 years of post- qualification experience. The selected candidates will be engaged under young professional scheme. The position is on contract basis initially for 3 months. Thereafter, the engagement would be reviewed a...

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Representation on UDIN Problem at Income Tax Portal

CA, CS, CMA - There are some concerns regarding Problem faced by the Members in relation to the UDIN Updation at the Income Tax Portal, I would like to Draw your Attention on different type of issues faced by the Members and possible solutions, so that suitable action may be taken to resolve their concerns....

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75% Concession in CA Course Registration Fee for wards of demised members

CA, CS, CMA - The Council of the Institute has decided to extend 75% fee concession on registration fees to the wards of demised members of ICAI effective from 1st April, 2022 for pursuing the CA Course at all levels....

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Do Strict Compliance in incorporation of Company / LLP: ICAI to Members

CA, CS, CMA - Important Message: Strict Compliance - regarding Verification/ Clarification of documents related to incorporation of a Company or a LLP by Practicing Professionals....

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Claim due to wrong Advice by CA – ITAT deletes Penalty

SLV Housing Development Corporation Vs ACIT (ITAT Bangalore) - SLV Housing Development Corporation Vs ACIT (ITAT Bangalore) Under Section 271(1)(c), two faults or omissions exposes the assessee to concealment penalty i.e. concealment of particulars of income and furnishing inaccurate particulars of such income. The assessee has admitted before the AO that the n...

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HC upheld removal of CA member for other misconduct

Institute of Chartered Accountant of India Vs Shri. P.P. jay (Karnataka High Court) - Institute of Chartered Accountant of India Vs Shri. P.P. jay (Karnataka High Court) ICAI submitted that the report of the Institute be accepted as the respondent has been found to be guilty of grave misconduct and the penalty has been imposed on the respondent commensurate to the misconduct, which h...

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CA, CS, CMA authorised to present case on behalf of client under RERA

Sanjay Ghiya Vs Union Of India (Rajasthan High Court) - Sanjay Ghiya Vs Union Of India (Rajasthan High Court) Rajasthan High Court held that CHARTERED ACCOUNTANTS Or COMPANY SECRETARIES Or COST ACCOUNTANTS are authorised to present case on behalf of applicant or appellant or respondent before Appellate Tribunal or the Regulatory Authority or the adjudica...

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HC refuses to cancel bail of CA Couple in case of alleged fraud with client

Rita Bhutani Vs State of NCT of Delhi Through Sho & Anr. (Delhi High Court) - Rita Bhutani Vs State of NCT of Delhi Through Sho & Anr. (Delhi High Court) This petition has been filed under Section 397 (1) CrPC read with Section 482 CrPC challenging Order dated 11.03.2019, wherein Respondent No.2 was granted bail by the learned ACMM (South), Saket Courts as well as Order d...

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HC grants Bail to CA in alleged case of involvement in Bribery

Anuj Gupta Vs Central Bureau of Investigation (Delhi High Court) - Applicant, who is a qualified Chartered Accountant (CA), was arrested on 31.12.2021, whereafter he was remanded to police custody till 08.01.2022, and ever since 09.01.2022, he is in judicial custody....

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MCA notifies applicability of Several provisions of CA, CMA & CS Amendment Act

SO. 2184(E) - (10/05/2022) - MCA notifies applicability of Several provisions of Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Act, 2022 with effect from 10th day of May, 2022. MINISTRY OF CORPORATE AFFAIRS NOTIFICATI ON New Delhi, the 10th May, 2022 SO. 2184(E).—In exercise of ...

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ICAI removes name of member for 1 Month for ‘Other Misconduct’

Notification No. 29-CA/Law/D-321/2022 - (22/04/2022) - ICAI removes name of A Chartered Accountant based at Bangalore with (M.No. 209581 from the Register of Members for a period of one month after finding him guilty of ‘Other Misconduct’ falling within the meaning of Section 22 read with Section 21 of the Chartered Accountants Act, 1949. TH...

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CA, CMA and CS (Amendment) Act, 2022 assented by President

No. 12 of 2022 - (18/04/2022) - (1) This Act may be called the Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Act, 2022. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint, and different dates may be appointed for ...

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CA, CMA & CS (Amendment) Bill, 2021 as introduced in Lok Sabha

Bill No. 161 of 2021 - (30/03/2022) - The Chartered Accountants, The Cost And Works Accountants And The Company Secretaries (Amendment) Bill, 2021 aims to strengthen the disciplinary mechanism by augmenting the capacity of the Disciplinary Directorate to deal with the complaints and information and providing time bound disposal of the c...

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ICAI removes name of 3 members from the Register of Members

Notification No. PR/161/15/DD/09/16/DC/752/18, No. PR-5/2014-DD/31/2014-DC/598/2017, No. PR/162/15/DD/10/16/DC/753/18 - (29/03/2022) - ICAI removes name of 3 members from the Register of Members with effect from 29th March, 2022 In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misco...

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Recent Posts in "chartered accountants"

MCA notifies applicability of Several provisions of CA, CMA & CS Amendment Act

SO. 2184(E) 10/05/2022

MCA notifies applicability of Several provisions of Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Act, 2022 with effect from 10th day of May, 2022. MINISTRY OF CORPORATE AFFAIRS NOTIFICATI ON New Delhi, the 10th May, 2022 SO. 2184(E).—In exercise of the powers conferred by sub-section (2) ...

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Claim due to wrong Advice by CA – ITAT deletes Penalty

SLV Housing Development Corporation Vs ACIT (ITAT Bangalore)

SLV Housing Development Corporation Vs ACIT (ITAT Bangalore) Under Section 271(1)(c), two faults or omissions exposes the assessee to concealment penalty i.e. concealment of particulars of income and furnishing inaccurate particulars of such income. The assessee has admitted before the AO that the new auditor appointed, had pointed out ce...

Read More

5 Steps to run a Direct Tax Consultancy

The time has come for professionals to adopt the ways to be self-employed and build own fortune. In an era when high school teenagers are building Instagram and YouTube fortune it gives us inspiration to build own consultancy. It is said that two things are certain Tax and Death. There are no boundaries to direct […]...

Read More
Posted Under: Income Tax |

HC upheld removal of CA member for other misconduct

Institute of Chartered Accountant of India Vs Shri. P.P. jay (Karnataka High Court)

Institute of Chartered Accountant of India Vs Shri. P.P. jay (Karnataka High Court) ICAI submitted that the report of the Institute be accepted as the respondent has been found to be guilty of grave misconduct and the penalty has been imposed on the respondent commensurate to the misconduct, which has been proved. None has appeared [&hell...

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UDIN problem Resolutions

UDIN Resolutions: Please retry today to update UDIN in income tax portal. If problem still error persist, then, 1) Please retry to update UDIN now again. 2) Complain to UDIN Directorate, ICAI: If problem persists, you should also raise a complain on UDIN portal : https://udin.icai.org/complaints . Email id: [email protected], ICAI UDIN Help de...

Read More
Posted Under: Income Tax |

MCA invites application from Young CAs for engagement in RD (NR)

Ministry of Corporate Affairs (MCA) headquarter, Delhi invites application from Chartered Accountants (CAs) having 2 to 5 years of post- qualification experience. The selected candidates will be engaged under young professional scheme. The position is on contract basis initially for 3 months. Thereafter, the engagement would be reviewed a...

Read More
Posted Under: Income Tax |

Representation on UDIN Problem at Income Tax Portal

There are some concerns regarding Problem faced by the Members in relation to the UDIN Updation at the Income Tax Portal, I would like to Draw your Attention on different type of issues faced by the Members and possible solutions, so that suitable action may be taken to resolve their concerns....

Read More
Posted Under: Income Tax | ,

CA, CS, CMA authorised to present case on behalf of client under RERA

Sanjay Ghiya Vs Union Of India (Rajasthan High Court)

Sanjay Ghiya Vs Union Of India (Rajasthan High Court) Rajasthan High Court held that CHARTERED ACCOUNTANTS Or COMPANY SECRETARIES Or COST ACCOUNTANTS are authorised to present case on behalf of applicant or appellant or respondent before Appellate Tribunal or the Regulatory Authority or the adjudicating officer, as the case may be. HC hel...

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75% Concession in CA Course Registration Fee for wards of demised members

The Council of the Institute has decided to extend 75% fee concession on registration fees to the wards of demised members of ICAI effective from 1st April, 2022 for pursuing the CA Course at all levels....

Read More
Posted Under: Income Tax | ,

Do Strict Compliance in incorporation of Company / LLP: ICAI to Members

Important Message: Strict Compliance - regarding Verification/ Clarification of documents related to incorporation of a Company or a LLP by Practicing Professionals....

Read More
Posted Under: Income Tax | ,

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