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 : ICAI has announced Live Virtual Revisionary Classes for CA Intermediate students appearing in the September 2026 examinations. The...
CA, CS, CMA : ICAI's Board of Studies has invited Expressions of Interest from qualified professionals and academicians for empanelment as facul...
CA, CS, CMA : ICAI has notified the Information Systems Audit (ISA) Assessment Test for 25 July 2026 in CBT mode. The announcement specifies eli...
CA, CS, CMA : ICAI has clarified that members coaching students or having relatives appearing in the examinations are not eligible for Observer ...
CA, CS, CMA : The Sales Tax Bar Association requested reconsideration of Bar Council of India rules prohibiting advocates from entering partners...
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 The appeal was withdrawn wi...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 notifies removal of 12 chartered accountants from membership rolls, with suspension periods, fines, and reprimands in select ...
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...
The Institute of Chartered Accountants of India (ICAI) today announced the results of CA. Final Examination (Old Course & New Course) held in November, 2020. Details of top three rank holders on All India Basis for Chartered Accountants Final Examination (New Course) held in November, 2020 are mentioned below:
Ind AS 23 prescribes the accounting treatment for recognising the borrowing costs incurred by entities. It sets out the criteria for capitalising the borrowing costs or for charging the borrowing costs as expense to the statement of profit and loss.
Standard On Assurance Engagements (SAE) 3410 Assurance Engagements On Greenhouse Gas Statements Standard on Assurance Engagements (SAE) 3410, Assurance Engagements on Greenhouse Gas Statements, should be read in the context of the Preface to the Standards on Quality Control, Auditing, Review, Other Assurance and Related Services and Guidance Note on Reports or Certificates for Special […]
Dear Professional Colleagues, The ICAI constantly endeavors to use technology to provide an ease of service delivery experience to our stakeholders. In yet another path-breaking initiative for promoting e-governance, ICAI has successfully launched the Digi-Locker facility for its members and students during the recently concluded Virtual International Conference. The ICAI Digi-Locker facility is being provided by […]
ICAI releases Technical Guide on Charges-Registration, Modification & Satisfaction under Companies Act 2013 & LLP Act 2008 The Debt Finance is gaining popularity with the coming times. Almost every individual, LLP, Companies and body corporates borrows money from bank, financial institutions, co-operatives etc. for meeting their day to day requirements. Over the years the Government […]
ICAI releases Technical Guide on the provisions of Independent Directors from Corporate Governance perspective Good Corporate Governance is the manifestation of beliefs, values and actions to ensure maximum value creation to the stakeholders. Value creation is a term broader than wealth creation. The objective of corporate governance is to enhance shareholder value keeping in view the interest […]
ICAI releases E-book containing Frequently Asked Questions (FAQs) on Limited Liability Partnership Act, 2008 The Limited Liability Partnership (LLP) Act, 2008 was enacted by the Parliament of India to introduce and legally sanction the concept of LLP in India, unlike the general partnerships in India. The Act was notified on 31st March 2009. It provides an […]
ICAI releases E-Book on Statutory Compliance Calendar of Limited Liability Partnership as per LLP Act, 2008 and Rules thereunder The Parliament of India enacted the Limited Liability Partnership (LLP) Act, 2008 to introduce a special corporate business vehicle that allows its members to have the flexibility of organising their internal structure as a partnership and […]
The Institute of Chartered Accountants of India through its Financial Review Reporting Board (ICAI-FRRB) is gearing up for another milestone towards technological advancement by way of utilising Artificial Intelligence (AI) to systematically identify the non-compliances in financial statements to make the review process more robust.
Handbook on Audit of CSR Activities, has been published by the ICAI in an effort to guide the members in meeting the expectations of the professionals and the stakeholders in this respect.
