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 ...
Multi-disciplinary Partnership Firm of Chartered Accountants in Practice means the firm which has been approved to practice in its name by the Council of ICAI under Regulation 53B read with Regulation 190 of the Chartered Accountants Regulations, 1988 hereafter referred to as MDP. The Institute of Chartered Accountants of India has issued a FAQ to […]
Virtual CA firms have been a necessity for an hour. This makes the business logic for CA firms ready to adopt the technology at the earliest. This requires a fundamental rethink at the company and the right set of tools to help companies mature on their digital journey.
Traditionally, Chartered Accountants acquired clients via their family network, professional events and trade seminars, word-of-mouth promotion, and clients referrals. Mostly, CA firms operate in their own city or state and don’t focus aggressively on acquiring clients from other cities, states, or countries.
Chartered Accountants generally team up with Lawyers, Company Secretaries, Cost Accountants, Actuaries, Values, Software Professionals, Venture Capitalists, and Retired Entrepreneurs and execute their professional assignments by utilizing their services as employees or on a contractual basis. With the notification dated July 08, 2021, the revised Form 18 has been notified i.e. disclosure of particulars relating […]
The COVID-19 pandemic has’ had a global impact in the past two years and continues to hit most sectors, with education being one of the hardest hit. Students from all over the world are losing valuable time in their education out of fear of the pandemic during the lockdown imposed. The situation forced institutions to […]
We all know that Professional Exams are hard to crack and have their own set of patterns and passing criteria. Only studying is not enough here; adequate planning before appearing for the exam is necessary. So, below are 4 MUST-HAVE THINGS for all the CA/CS/CMA students: 1. INDEXATION:Having your hand-made, detailed index of each subject with […]
Machine learning (ML) is the study of computer algorithms that improve automatically through experience and by the use of data. 1. It is seen as a part of artificial intelligence. Machine learning algorithms build a model based on sample data, known as training data, in order to make predictions or decisions without being explicitly programmed to do so.
Frequently Asked Questions (FAQs) on Multi-disciplinary Partnership Firm of Chartered Accountants in Practice (MDP CAs in Practice) Q.1 What is meaning of the term “MDP CAs in Practice?” Response: “MDP CAs in Practice” is abbreviation of the term “Multi-disciplinary Partnership Firm of Chartered Accountants in Practice”. MDP CAs in Practice means the firm which has […]
Guidelines for Formation of Multi-disciplinary Partnership as per the Chartered Accountants Act, 1949 Introduction The complexity of business has increased manifolds and reliance on technology has resulted in a greater demand for specialists. There has been a swift increase in cross border movement of goods and services. The complex supply chains, ownership structures and transactions […]
The ICAI, on July 08, 2021 has notified the revised Form 18 i.e. disclosure of particulars relating to office and firms under the Chartered Accountants Regulations, 1988 through Notification No. 1-CA(7)/197/2021, dated July 8, 2021 the ‘Chartered Accountants (Amendment) Regulations, 2021. With the change in form 18, CA firms are now allowed to have partnership […]
