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CA, CS, CMA - ICAI is concerned about the impact of Coronavirus disease (known as COVID-2019 or COVID-19) on the health of people worldwide as well as on the state of economy and commerce of the world in general and on India specifically. COVID19 was first reported to the World Health Organisation (WHO) in December 2019 and it has […]...
Read MoreCA, CS, CMA - The global pandemic COVID-19 has already had a significant impact on global trade and economy with consequential impact on global and Indian financial markets. This may also have accounting, disclosure, internal control and auditing implications for many entities. There is a great deal of uncertainty as to how the COVID-19 situation will ...
Read MoreCA, CS, CMA - Notification/ Circular/ Advisories Issued by the Ministry of Corporate Affairs in view of COVID-19 outbreak 1. Special Measures under Companies Act, 2013 (CA-2013) and Limited Liability Partnership Act, 2008 in view of COVID-19 outbreak In order to support and enable Companies and Limited Liability Partnerships (LLPs) in India to focus on...
Read MoreCA, CS, CMA - The Ministry of Corporate Affairs has provided a one time opportunity to the LLPs to make good their default by filing pending documents and to serve as a compliant LLP in future by introducing LLP Settlement Scheme, 2020 vide General Circular No 02/2020 dated 4th March, 2020 which will be applicable from 16th March, 2020 to 13th June, 20...
Read MoreCA, CS, CMA - The objective of the Ind AS 116 is to ensure that lessees and lessors provide relevant information in a manner that faithfully represents those transactions. To achieve this objective, the Standard sets out the principles for the recognition, measurement, presentation and disclosure of leases....
Read MoreCA, CS, CMA - Those who are already registered and undergoing articled training, are hereby informed that the period of absence arising out of said lockdown due to COVID -19 pandemic shall not be counted for the purposes of deduction of any leaves, meaning thereby that such period shall be counted as being on articleship training for the period aforesa...
Read MoreCA, CS, CMA - You are hereby, requested to kindly file online Form 9/Form 101 for restoration of Membership/COP to avoid any chance of discontinuance of Membership/COP on the Self Service Portal (SSP) through the following link (click here) latest by 31st March 2020....
Read MoreCA, CS, CMA - Chartered Accountant Examinations initially scheduled from 2nd May 2020 to 18th May 2020 stand rescheduled and the said examinations shall now be held from 19th June 2020 to 4th July, 2020 as per details given below....
Read MoreCA, CS, CMA - Students may also note that ICAI website is the only source for the authenticity of the information and should not rely upon details circulating over social media....
Read MoreCA, CS, CMA - In view of the prevailing circumstances, the Institute had also represented to Ministry of Finance, Reserve Bank of India (RBI) and other regulators to consider extending the deadlines for various statutory/regulatory compliances to avoid hardships being faced by membership due to this global pandemic. Further development in this regard w...
Read MoreDevendraa P. Kapur Vs ICAI & Others (Appellate Authority of ICAI) - On perusal of the record, it reveals that the Institute was negligent in the noncompliance of the directions of this Appellate Authority. The DC was required to seek extension of time from this Authority had there been any difficulty on any count to dispose of the matter within six months....
Read MoreAshok A Jain Vs Director (Discipline), ICAI (Appellate Authority of ICAI) - Ashok A Jain Vs Director (Discipline) (Appellate Authority of ICAI) Now coming to the question if this Board Resolution satisfies the requirement of Rule 3 (4) of the Rules. It has been contended on behalf of the Appellant that this Resolution is a general Resolution in favour of Simon Tippet and no...
Read MoreNeville Nadir Mistry Vs Board of Discipline (Appellate Authority of ICAI) - Neville Nadir Mistry Vs Board of Discipline (Appellate Authority) only a member of the Institute can file an appeal before the Appellate Authority if he is aggrieved by any order as provided under Section 21 A(3) or Section 21B(3) of the Chartered Accountants Act, 1949. During the course of argument...
Read MoreAnil Kumar Aggrawal Vs ICAI (Before the Appellate Authority) - Authority is of the view that further period of four months be given to the Institute to complete its entire proceedings on priority. The Institute is, however, burdened with penalty of Rs.50,000/- in each appeal payable to the Appellate Authority within 2 weeks from the date of receipt of this orde...
Read MoreWholesale Trading Service Pvt. Ltd. Vs ICAI (Delhi High Court) - Wholesale Trading Service Pvt. Ltd. Vs ICAI (Delhi High Court) Conclusion: Since Appellant-company was carrying on the activity of filing and pursuing complaints against various Chartered Accountants as an organised activity, independent of the objects for which it was incorporated, therefore, it wa...
Read MoreF.No. 225/306/2019-ITA-II - (31/10/2019) - Extension of due date for filing of Income-tax Returns (ITR)/Tax Audit Reports (TAR) to 30th November, 2019 in respect of Union Territory of Jammu and Kashmir and Union Territory of Ladakh F.No. 225/306/2019-ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct...
Read MoreF. No. 225/157/2019/ITA.II - (27/09/2019) - On consideration of representations recd from across the country, CBDT has decided to extend the due date for filing of ITRs & Tax Audit Reports from 30th Sep, 2019 to 31st of Oct, 2019 in respect of persons whose accounts are required to be audited....
Read MoreNotification No. 13-CA (EXAM)/N/2019 - (14/08/2019) - ICAI declares Schedule of examination to be held in November 2019 for next Chartered Accountants Foundation Course {Under New Scheme}, Intermediate (IPC) {Under Old Scheme}, Intermediate {Under New Scheme} and Final {Under Old & New Scheme} Examinations, Examinations in Post Qualification Course...
Read MoreNotification No.1-CA(7)/192/2019 - (02/08/2019) - A member of the Institute in practice shall generate Unique Document Identification Number (UDIN) for all kinds of the certification, GST and Tax Audit Reports and other Audit, Assurance and Attestation functions undertaken/signed by him which made mandatory from the following dates through announce...
Read MoreNotification No. G.S.R. 413(E) - (10/12/2016) - Central Govt makes further amendments in notification of Govt of India by which it notified Constitution of Appellate Authority under CA, CS & CMA Laws...
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Manubhai And Shah LLP Chartered Accountants Vs Secretary, ICAI (Gujarat High Court) -
Trideep Raj Bhandari Vs ICAI (Delhi High Court) -
