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 : Banks are asking CAs to issue end-use and KYC certificates without regulatory support. RBI confirms no such requirement exists, hi...
Company Law : The proposal to remove statutory audits for small companies risks eliminating independent financial scrutiny, potentially weakenin...
Corporate Law : The Bar Council of India has officially confirmed that the IGNOU-ICAI B.Com (Accountancy & Finance) degree meets all eligibility c...
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...
CA, CS, CMA : Candidates can raise concerns regarding exam papers through email or post. The Institute will consider only properly submitted res...
CA, CS, CMA : The issue focused on strengthening public financial management for effective governance. ICAI emphasized reforms such as accrual a...
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...
CA, CS, CMA : The Court examined whether a complaint arising from a family dispute can be entertained in misconduct proceedings. It held that su...
CA, CS, CMA : The High Court held that a direct appellate challenge to the final removal order was not maintainable. The appeal was withdrawn wi...
CA, CS, CMA : The court affirmed disciplinary action where an auditor failed to detect ever-greening of assets and misreporting in audit account...
Income Tax : The ITAT Delhi has deleted a ₹25,000 penalty under Section 271A, ruling that F&O turnover for a trader should be calculated base...
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 ...
Corporate Law : The amended guidelines mandate minimum CPE hours for all practicing members. Non-compliance will lead to discontinuation of the Ce...
CA, CS, CMA : The issue concerns disciplinary action for professional misconduct. The ruling enforces removal from membership and bars practice ...
Summarises how WIP is recognised and measured under Ind AS 115/IFRS 15, emphasising cost tracking, progress measurement, and disclosure rules for service enterprises.
The case highlights concerns over an officer pressuring a CA to sign GST documents like an audit report and threatening coercive action. It reiterates that CAs have limited compliance roles, are protected by professional privilege, and cannot be compelled to disclose client information without due process.
ICAI and the Indian Army signed an MoU to integrate real-time UDIN verification via API, enhancing transparency, document authenticity, and fraud prevention in procurement processes.
Indian statutory auditors must embrace IT proficiency and CAATs to manage ERP data and system controls. Non-IT friendly audits risk incomplete evidence, fraud, and reputational damage.
ICAI has notified new branches at Bhiwadi and Morbi and renamed the Ahmednagar Branch as Ahilyanagar Branch, effective from October 8, 2025.
ICAI proposes tax reforms for Union Budget 2026-27 to enhance ease of doing business and sustainability. Suggestions cover reducing compliance burden (E-Ledger system, removing TCS on scrap), mitigating litigation (decriminalization), and rationalizing tax provisions.
ICAI announced results of CA Final, Intermediate, and Foundation exams held in September 2025, detailing pass percentages, toppers, and examination statistics across all levels.
The ICAI President details reforms like GST 2.0 that aid MSMEs and consumers. Key initiatives include benchmarking the CA qualification to a Master’s degree, launching the MSME Clinic Programme, and integrating AI and ESG into the profession.
The ICAI will announce CA Final, Intermediate, and Foundation exam results for September 2025 on November 3rd, 2025, at icai.nic.in. Access with Roll and Registration Numbers.
ICAI mandates that CAs must now record the type of audit opinion (Unmodified, Qualified, Adverse, or Disclaimer) when generating UDINs for audits, effective June 20, 2025. This aims to enhance audit transparency and regulatory tracking.
