ICAI

Trust Taxation: Recent Case Laws and Advisory Insights

CA, CS, CMA - Explore recent case laws on trust taxation, including issues like mutuality, corpus donations, and general public utility. Gain advisory insights into navigating the complex landscape of trust taxation....

CA Foundation Question Bank (Indian Contract Act, 1872)

CA, CS, CMA - The Chartered Accountancy (CA) Foundation exam is the first step on the path to becoming a chartered accountant in India. This rigorous examination assesses candidates on a wide range of subjects, and one of the pivotal areas of study is the Indian Contract Act. To succeed in this challenging endeavor, a comprehensive and well-structured ...

Promoting Resilient Cities: SAS 1100 on Slum Area Development & Affordable Housing

CA, CS, CMA - Explore SAS 1100 by ICAI focusing on slum development, affordable housing, and building sustainable cities. Delve into the social audit processes, key metrics, and challenges. ...

Importance of Actuarial Valuations in Employee Benefits and Related Opportunities for Professionals

CA, CS, CMA - Explore the significance of actuarial valuations in employee benefits, compliance issues, and opportunities for professionals. Learn about AS 15 and Ind AS 19 requirements....

SAS 900: Strengthening Non-Profit Ecosystems in Fundraising & Capacity Building

CA, CS, CMA - Explore SAS 900 by ICAI, a key standard for social auditors. Discover how it aids in fundraising and capacity building for non-profit ecosystems. ...

ICAI FAQs on Notification dated 3rd May, 2023 under PMLA, 2002

CA, CS, CMA - Get answers to all your ICAI FAQs related to the Notification dated 3rd May, 2023 under PMLA, 2002: AOP, BOI, RE, KYC and more! ...

ICAI President’s Message – December 2023

CA, CS, CMA - Explore India economic evolution and global prominence. President December 2023 message outlines key developments, partnerships, and the profession vital role in shaping the nations growth...

ICAI issues Guidelines for using the new CA India logo for CA members

CA, CS, CMA - Explore the significance of the new CA India logo, incorporating the tricolor symbolizing unity, diversity, and sovereignty. Learn about the blue color, adaptability, and guidelines for usage....

Vice President Emphasizes Crucial Role of Chartered Accountants

CA, CS, CMA - In a recent address at the inaugural session of the ‘Global Professional Accountants Convention’ in Gandhinagar, Gujarat, the Vice President of India, Shri Jagdeep Dhankhar, shed light on the indispensable role of Chartered Accountants (CAs) in the economic landscape. Describing them as the financial equivalent of MRI and CT s...

Draft SA 720: Auditor’s Responsibilities Relating to Other Information

CA, CS, CMA - Explore the nuances of Auditing Standard 720 (Revised) and the auditors responsibilities regarding other information in an entity’s annual report. Learn the scope, objectives, and practical application. Stay informed to uphold credibility....

Preference for Chartered Accountants as Director (Finance): Valid & Constitutional

Ruchir Agrawal Vs Public Enterprises Selection Board & Ors. (Delhi High Court) - Delhi High Court held that preference to Chartered Accountants over Cost Accountants for the post of Director (Finance) cannot be treated as arbitrary or violative of the Article 14 and 16 of the Constitution of India....

CA will be guilty to write “To Whom It May Concern” at the time of CA certification

H.G. Nagaraju Vs CA. Lingaraj M. Pujari (ICAI) - H.G. Nagaraju Vs CA. Lingaraj M. Pujari (M.No.225579) (ICAI) Recently, the Institute of Chartered Accountants of India (ICAI) has concluded a disciplinary proceeding involving CA Lingaraj M. Pujari, concerning a certificate issued by him. The Disciplinary Committee of ICAI, in the case of Shri H.G. ...

ITAT Remands Matter to AO: Fake Document Preparation & Unauthorized ITR Upload by CA

Venkata Ramana Anupa Vs ITO (ITAT Hyderabad) - Delhi High Court has directed readjudication in the case of Praveen Bansal Vs ITO, stating that the assessment order under Section 148A(b) of the Income Tax Act is not valid if the escaped income is below Rs. 50 lakhs. ...

Unusual Salary Disparity: HC directs ICAI to pass a reasoned & speaking order

Alok Malhotra Vs Institute Of Chartered Accountants Of India (Delhi High Court) - Landmark decision by Delhi High Court in the case of Alok Malhotra vs Institute Of Chartered Accountants Of India, addressing an anomaly in salary caused by an Accelerated Promotion Scheme....

CCI has no jurisdiction to compel ICAI to outsource organization of CPE seminars

Institute of Chartered Accountants of India Vs Competition Commission of India (Delhi High Court) - Delhi High Court held that it is outside the jurisdiction of the Competition Commission of India (CCI) to compel a statutory body (ICAI) to outsource organization of CPE seminars, workshop or conferences....

Lapses in audit: NFRA imposes Penalties and Sanctions on CA

Orders No. 64/2023 - (05/12/2023) - NFRA issues Order under Section 132(4) of Companies Act, 2013 against CA Amit Vinay Chaturvedi for lapses in DHFL audit. Penalties imposed and sanctions applied...

NFRA penalises and debarred auditor for lapses in DHFL audit

Order No. 63/2023 - (05/12/2023) - NFRA issues Order under Section 132(4) of Companies Act, 2013 against CA Jignesh Mehta for lapses in DHFL audit. Penalties imposed and sanctions applied....

ICAI Exam November 2023 Postponed: New Dates for Chhattisgarh & MP

Notification No. 13-CA (EXAM)/NOVEMBER - DECEMBER/2023/III - (23/10/2023) - Important update from ICAI: Chartered Accountants Examinations November 2023 postponed in Chhattisgarh and Madhya Pradesh due to elections. Check rescheduled dates and details here....

ICAI Notifications: New Branches and Detachments, Sept 2023

Notification No. 1-CA (7)/209/2023 to No. 1-CA (7)/213/2023 - (29/09/2023) - ICAI issued 5 notifications on Sep 29, 2023, announcing establishment and detachment of branches within its regional councils. Learn more about these changes....

ICAI Removes Names of CAs for Misconduct

Notification No. PR/101/2020/DD/155/2020/DC/1521/2021 - (14/07/2023) - Read the notifications from the Institute of Chartered Accountants of India (ICAI) regarding the removal of names of Chartered Accountants (CAs) due to professional misconduct. Find out the duration of removal and penalties imposed....

Recent Posts in "ICAI"

Information Systems Audit – Assessment Test (ISA-AT), January 2024

Prepare for the Information Systems Audit Assessment Test (ISA-AT) in January 2024 by ICAI. Check exam details, eligibility, and application process. Apply online!...

Posted Under: CA, CS, CMA

Trust Taxation: Recent Case Laws and Advisory Insights

Explore recent case laws on trust taxation, including issues like mutuality, corpus donations, and general public utility. Gain advisory insights into navigating the complex landscape of trust taxation....

Posted Under: CA, CS, CMA |

Lapses in audit: NFRA imposes Penalties and Sanctions on CA

Orders No. 64/2023 05/12/2023

NFRA issues Order under Section 132(4) of Companies Act, 2013 against CA Amit Vinay Chaturvedi for lapses in DHFL audit. Penalties imposed and sanctions applied...

NFRA penalises and debarred auditor for lapses in DHFL audit

Order No. 63/2023 05/12/2023

NFRA issues Order under Section 132(4) of Companies Act, 2013 against CA Jignesh Mehta for lapses in DHFL audit. Penalties imposed and sanctions applied....

ICAI FAQs on Notification dated 3rd May, 2023 under PMLA, 2002

Get answers to all your ICAI FAQs related to the Notification dated 3rd May, 2023 under PMLA, 2002: AOP, BOI, RE, KYC and more! ...

Posted Under: CA, CS, CMA |

ICAI President’s Message – December 2023

Explore India economic evolution and global prominence. President December 2023 message outlines key developments, partnerships, and the profession vital role in shaping the nations growth...

Posted Under: CA, CS, CMA |

ICAI issues Guidelines for using the new CA India logo for CA members

Explore the significance of the new CA India logo, incorporating the tricolor symbolizing unity, diversity, and sovereignty. Learn about the blue color, adaptability, and guidelines for usage....

Posted Under: CA, CS, CMA | ,

Vice President Emphasizes Crucial Role of Chartered Accountants

In a recent address at the inaugural session of the ‘Global Professional Accountants Convention’ in Gandhinagar, Gujarat, the Vice President of India, Shri Jagdeep Dhankhar, shed light on the indispensable role of Chartered Accountants (CAs) in the economic landscape. Describing them as the financial equivalent of MRI and CT s...

Posted Under: CA, CS, CMA |

Draft SA 720: Auditor’s Responsibilities Relating to Other Information

Explore the nuances of Auditing Standard 720 (Revised) and the auditors responsibilities regarding other information in an entity’s annual report. Learn the scope, objectives, and practical application. Stay informed to uphold credibility....

Posted Under: CA, CS, CMA |

Draft SA 710 Comparative Information -Corresponding Figures & Comparative Financial Statements

Explore the scope, objectives, and audit procedures of SA 710 for Comparative Financial Statements. Learn about reporting requirements and key considerations in auditing...

Posted Under: CA, CS, CMA |

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