CA, CS, CMA : Automation is reducing repetitive accounting work such as GST filings, reconciliations, and data entry, but professional judgment ...
Goods and Services Tax : ICAI clarified that ITC wrongly reversed under Table 4(B)(1) instead of Table 4(B)(2) can still be reclaimed within statutory time...
CA, CS, CMA : The FAQs explain how the 60 Tax Audit assignment ceiling will operate through the UDIN system from 1 April 2026. ICAI clarified wh...
CA, CS, CMA : The evolution from manual training to tech-driven learning highlights changing expectations. The key takeaway is balancing traditi...
CA, CS, CMA : Banks are asking CAs to issue end-use and KYC certificates without regulatory support. RBI confirms no such requirement exists, hi...
CA, CS, CMA : Chandigarh Chartered Accountants Taxation Association has requested CBDT to immediately release pending ITR e-filing utilities for...
CA, CS, CMA : The Sales Tax Bar Association requested reconsideration of Bar Council of India rules prohibiting advocates from entering partners...
CA, CS, CMA : ICAI has warned members and students against fraudulent calls, emails, and WhatsApp messages seeking confidential information and ...
CA, CS, CMA : The issue involves publication of the draft panel for statutory auditor appointments. ICAI has released the list based on existing...
Goods and Services Tax : Persistent technical issues prevented users from accessing the portal and completing filings. The representation seeks urgent fixe...
Goods and Services Tax : The Telangana High Court granted anticipatory bail to a Chartered Accountant accused in a share transfer fraud case, observing tha...
CA, CS, CMA : The Delhi High Court held that one of the meetings relied upon for automatic vacation of the petitioner’s seat was convened with...
Corporate Law : The case examined whether the accused could disprove liability under Section 138. The court upheld conviction as the presumption r...
CA, CS, CMA : The Court examined whether a complaint arising from a family dispute can be entertained in misconduct proceedings. It held that su...
Goods and Services Tax : The High Court granted a post-decisional hearing after finding that a proper Chartered Accountant’s certificate with UDIN was no...
CA, CS, CMA : ICAI Board holds CA not guilty in bribery case, finds no proof of knowledge or intent; mere receipt of packet without mens rea not...
CA, CS, CMA : The issue involved allegations of assisting in bogus accounting entries. The ruling held that without certification or statutory r...
CA, CS, CMA : The issue involved disciplinary action for professional and other misconduct under the Chartered Accountants Act. The authorities ...
CA, CS, CMA : The issue concerns disciplinary action for professional misconduct. The ruling enforces removal from membership and bars practice ...
CA, CS, CMA : ICAI has established a new branch in Korba under Regulation 159 to expand its regional presence. The move enhances administrative ...
Section 28A of the Chartered Accountants Act, 1949 deals with Establishment of ICAI Quality Review Board. In accordance of the provisions of section 28A Central Government by notification No. G.S.R. 843(E) dated 30th November, 2021 appoints Ms. Shefali Shah as new Chairman of ICAI Quality Review Board and Shri K. Saravanan and Ms. Ritika Bhatia […]
देश और विदेश में बसें लगभग 3 लाख से ज्यादा सीए सेंट्रल और रीजनल काउंसिल के अपने अपने क्षेत्रों के सदस्यों को चुनेंगे जो संस्थान और सदस्यों की काबिलियत और नीति निर्धारण को सरकार और विश्व के समक्ष रखेंगे. पिछले 3-4 साल हमारे पेशे के लिए बहुत महत्वपूर्ण रहे हैं क्योंकि इस दौरान न केवल […]
ICAI takes disciplinary action against 17 Chartered Accountants vide 17 notifications issued on 26th November 2021. THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 26th November, 2021 (CHARTERED ACCOUNTANTS) No. PPR/P/104/15-DD/77/INF/15-BOD/402/17.— In terms of the provisions of Section 21A(3) of the Chartered Accountants Act, 1949 […]
The 33rd Annual International Seminar of the Institute of Chartered Accountant of India (ICAI) UAE Chapter is going to be held on 25th and 26th November 2021. The theme of the event is ‘Building Resilience – Emerging Stronger’. The professional event of ICAI has recently got into the limelight because one of the appointed speakers […]
Tax audit is a cross-examination of the books of accounts of the taxpayer by a practicing Chartered Accountant under the Income Tax Act 1961. Section 44AB deals with the conditions under which Tax audit becomes mandatory for some taxpayers. The underline idea of a tax audit is to verify the accuracy of the financial records […]
The professional work of a Chartered Accountant is undergoing major changes that will continue, and potentially intensify, in the future. There is a dire need to check the recent erosion of professional opportunities. Our profession is statute backed and as long as we are having a backing of such laws in our favour, the profession […]
Circular seeking applications from Chartered Accountants for engagements as Professionals in NFRA on contractual basis Government of India National Financial Reporting Authority ***** 7th Floor, Hindustan Times House, Kasturba Gandhi Marg, New Delhi Dated 17th November, 2021 A-12011/8/2019-ESTT-NFRA CIRCULAR National Financial Reporting Authority (NFRA) intends to engage eligible and interested persons as professionals purely on […]
NFRA Chairman can be Part Time in terms of Companies Act (CA with a Minimum Audit Experience of more than 25 years) It is important to ensure that only CAs with Audit experience of more than 10 years should be considered for nomination for any part-time or full-time members role in NFRA, except Ex-Officio Members.
9th November, 2021 To, Shri Ashok Kumar Gupta Chairperson National Financial Regulatory Authority chairperson@nfra.gov.in Subject: – Joint Representation on Consultation Paper – September, 2021 on Statutory Audit and Auditing Standards for Micro, Small and Medium Companies (MSMCs) 1. Bombay Chartered Accountants’ Society 2. Karnataka State Chartered Accountants Association 3. Chartered Accountants Association, Ahmedabad 4. Chartered […]
Members may kindly refer to the Announcement dated 14th October 2021 vide which the procedure to exercise option to get polling booth re-allotted was specified in pursuance to Rule 5 and sub-rule 2 of Rule 6 of the Chartered Accountants (Election to the Council) Rules, 2006. The said Announcement is hosted on www.icai.org Of late, […]
