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Professional Misconduct in Tax Audits: Navigating 60-Tax Audit Rule

CA, CS, CMA : Understand the 60-tax audit rule for Chartered Accountants, its exceptions, and its implications on professional conduct and ethic...

July 16, 2024 1158 Views 0 comment Print

Importance of caution when sharing Your Financial Data with tax professionals

CA, CS, CMA : Protect your financial data when sharing with tax professionals. Learn the risks, precautions, and alternative methods for secure ...

July 9, 2024 861 Views 0 comment Print

A Poetic Tribute to the CA Day by Proud CA

CA, CS, CMA : In celebration of Chartered Accountants and their indispensable role in business and society, we present a heartfelt poetic tribut...

July 1, 2024 636 Views 0 comment Print

Representation Regarding Upgrades on Karnataka Professional Tax Website

Goods and Services Tax : KSCAA requests improvements to the Karnataka Professional Tax website to streamline processes for taxpayers and enhance user exper...

June 20, 2024 324 Views 0 comment Print

Case Study on Bhansali Scam

CA, CS, CMA : Delve into the CRB Scam case study of 1996, exposing loopholes exploited by Bhansali, implications on public funds, and the vital ...

June 7, 2024 2310 Views 0 comment Print


Latest News


CA Final November 2024 Exams Time Table

CA, CS, CMA : ICAI announces November 2024 exam dates for CA Final, INTT-AT, and IRM courses. Check detailed schedule, centers, and application ...

July 18, 2024 2219 Views 0 comment Print

Apply for Statutory Audit: Chartered Accountant Firms Needed for XBRL India

CA, CS, CMA : Invitation for CA firms to audit XBRL India. Requirements, eligibility criteria, application process, and terms. Apply by 09/08/20...

July 18, 2024 174 Views 0 comment Print

ICAI BoS Publications: September 2024 Foundation & Intermediate Course Exam

CA, CS, CMA : Stay updated with ICAI BoS Publications for September 2024 exams. Analysis of Foundation and Intermediate course subjects' edition...

July 15, 2024 612 Views 0 comment Print

CA Final & Intermediate May 2024 exam Pass percentage & Toppers

CA, CS, CMA : ICAI announces May 2024 CA Final and Intermediate exam results. Check pass percentages and top rankers. Congratulations to all suc...

July 11, 2024 22872 Views 1 comment Print

Empanelment of Faculty/Experts with ICAI for Self-paced Online Modules

CA, CS, CMA : ICAI seeks Chartered Accountants and Professionals with 10+ years of teaching experience to record e-lectures for Self-Paced Onlin...

July 8, 2024 321 Views 0 comment Print


Latest Judiciary


CA Barred for Five Years by NCLT for Failing Duties as Statutory Auditor

CA, CS, CMA : Read the full NCLT judgment/order on Union of India Vs CA. Ramaiah Nataraja. Bengaluru CA barred from statutory auditor role for c...

July 16, 2024 2574 Views 0 comment Print

ICAI can Proceed Against whole Firm if One Member cannot be held Responsible: HC

CA, CS, CMA : Delhi High Court rules that ICAI can hold entire CA firms accountable for misconduct, even if individual guilt isn't found. Full j...

July 10, 2024 4071 Views 0 comment Print

Non-empanelment due to non-compliance with tender conditions: Patna HC Dismisses CA Firm’s Petition

CA, CS, CMA : Patna High Court dismisses a Chartered Accountant firm's petition for non-empanelment due to non-compliance with tender conditions...

June 30, 2024 213 Views 0 comment Print

CA Certificate not required to claim refund of unutilized ITC: Delhi HC

Goods and Services Tax : Learn about the Delhi High Court's ruling in Svera Agro Ltd. v. Commissioner of Central Tax, stating CA certificates are not neede...

June 25, 2024 876 Views 0 comment Print

SC upholds Restriction on Number of Section 44AB Tax Audit imposed by ICAI 

CA, CS, CMA : Supreme Court upholds ICAI’s limit of 60 tax audits per CA, validating it as a reasonable restriction under Article 19(1)(g) of ...

May 23, 2024 1131 Views 0 comment Print


Latest Notifications


Non-reporting of violations in audit report: MCA imposes Penalty on CA

Company Law : Learn about MCA's penalty for failure to report violations in audit reports under Section 143 of the Companies Act, 2013. Detailed...

July 13, 2024 717 Views 0 comment Print

Partnership Act 1932: Auditing Not Mandatory Before Sharing Firm Financials with legal heirs

CA, CS, CMA : Explore Section 12(e) of the Partnership Act 1932 and its implications on sharing firm financials with legal heirs. Detailed analy...

July 13, 2024 309 Views 0 comment Print

NFRA Penalized Audit Firm & CA for negligence & inadequate due diligence

Corporate Law : Explore NFRA Order No. 019/2024 detailing penalties imposed on M/s Singh Ajay & Co. and CA Priyank Mittal for audit lapses in Vika...

July 6, 2024 552 Views 0 comment Print

ICAI removes name of 14 members for Professional Misconduct

CA, CS, CMA : Read about recent disciplinary actions by ICAI removing members from the register due to professional misconduct. Understand impli...

June 28, 2024 1422 Views 0 comment Print

First Auditor not required to obtain NOC from Other Auditor: ICAI DC

CA, CS, CMA : Explore the detailed analysis of a professional misconduct case under the Chartered Accountants Act 1949. Learn about findings, ch...

June 12, 2024 1035 Views 0 comment Print


ICAI issues List of Persons found guilty under First Schedule

August 27, 2010 1461 Views 0 comment Print

Details of persons who had been found guilty of professional misconduct specified in the First Schedule read with Sections 21 & 22 of the Chartered Accountants Act, 1949 (pre-amended) and whose names as members have been removed from the Register of members of ICAI for the period mentioned against each of them in accordance with the decision of the Council of the ICAI taken under sub – section [4] of Section 21 of the Chartered Accountants Act, 1949.

Mahatma Gandhi National Rural Employment programme may be Audited by CAs

August 21, 2010 798 Views 0 comment Print

Use of funds allocated under the UPA government’s flagship programme Mahatma Gandhi National Rural Employment Guarantee Act could end up being audited by local chartered accountants. This is part of an endeavour by The Institute of Chartered Accountants of India (ICAI) that is interacting with the Comptroller and Auditor General (C&AG) of India to promote end use audit in government schemes.

Availability of Physical Application Forms for Chartered Accountants November-2010 Examinations

August 13, 2010 796 Views 0 comment Print

Availability of Physical Application Forms for Chartered Accountants November-2010 Examinations. Due to unavoidable difficulties in dispatching, there have been instances of shortage at certain decentralized offices and / or branches of ICAI in the availability of the physical application forms for the Chartered Accountants November-2010 Examinations.

ICAI sees huge shortage of practising Chartered Accountants

July 5, 2010 7745 Views 0 comment Print

The Institute of Chartered Accountants of India (ICAI) is trying hard to get more professionals into practise. At present more than 80 per cent of chartered accountants are employed with some company or the other. Very few opt to take up practice. But the opportunities are opening up and we foresee a huge shortage of practising professionals, Mr G. Ramasamy, Vice-President, ICAI said.

Institute of Chartered Accountants of India Celebrates Foundation Day

July 2, 2010 627 Views 0 comment Print

Every year 1st of July is celebrated as the Foundation Day of ICAI as it was on this day in 1949 that the Parliament passed the Chartered Accountants Bill. Deputy Chairman of Rajya Sabha and the Guest of Honour at the celebration, Shri K. Rehman Khan said that the Chartered Accountancy profession has played a very important role in the economic growth of India during last 60 years. He expressed the view that the profession should not be restricted to audit the accounts of only the corporates or the business but should also be allowed to audit the public finance or the Government spending.

Special Job Placements for Chartered Accountants- 22nd June- 26th June 2010

May 15, 2010 573 Views 0 comment Print

If you are looking for complete business solution provider, then end your search by participating in Special Placement Programme organized by Committee for Members in Industry (CMII) of The Institute of Chartered Accountants of India, wherein you would have access to a vast database of experienced Chartered Accountants and also fresh Chartered Accountants.

What Audit Firm thinks on ICAI’s proposed ban on firms for auditor negligence?

May 14, 2010 972 Views 0 comment Print

It has the powers to suspend an auditor, but now ICAI, the Institute of Chartered Accountants of India wants the power to suspend entire firms. This proposal is part of ICAI’s recommendations for better regulation of the audit profession.

Special Placement Programme – June, 2010 for experienced and fresh Chartered Accountants from 22nd to 26th June, 2010

May 8, 2010 300 Views 0 comment Print

As a measure to develop employment opportunities for Chartered Accountants, Committee for Members in Industry (CMII) of ICAI has been successfully organizing placement programmes twice a year for Newly Qualified Chartered Accountants, wherein prospective employers and new members interact and explore the possibility of taking up employment careers in various organisations.

CA, CS, ICWA asked to report suspicious fund movements directly to government

April 24, 2010 420 Views 0 comment Print

The government has asked chartered accountants, cost accountants and company secretaries to directly report to the home ministry cases of suspicious fund movements in an out of companies, as it looks to crack down on money laundering and terror funding.

CUSTOMS Notification No 13/2010 (NT), Appoints Common Adjudicating Authority

February 17, 2010 406 Views 0 comment Print

Notification No.13 / 2010 – Customs (N.T.) Central Board of Excise and Customs hereby appoints the Commissioner of Customs (Import), Sahar Air Cargo Complex, Mumbai to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on:- the Commissioner of Customs (Export), Sahar Air Cargo Complex, Mumbai, the Commissioner of Customs (Import and General), Indira Gandhi International Airport, New Delhi; the Commissioner of Customs (Export), Indira Gandhi International Airport, New Delhi; the Commissioner of Customs, Ahmedabad and the Commissioner of Customs, Bangalore

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