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 and CPA Australia renewed their Mutual Recognition Agreement for five years to continue collaboration and professional mobili...
Income Tax : ICAI has invited public comments on the Exposure Draft revising the Guidance Note on Tax Audit under Section 44AB by 25th July, 20...
CA, CS, CMA : ICAI has declared the CA Foundation May 2026 results with an overall pass percentage of 20.09% and announced the All India top ran...
CA, CS, CMA : ICAI invites stakeholder comments by 5 August 2026 on draft amendments and proposed stipend rates for articled assistants under th...
CA, CS, CMA : ICAI has categorically rejected social media claims of a data breach, confirming that no members', students', or examination recor...
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 The appeal was withdrawn wi...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 has proposed revised minimum stipend rates for articled assistants based on city population while inviting stakeholder feedba...
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 ...
A summary of government and ICAI efforts to gain professional recognition for Indian Chartered Accountants in the UAE and GCC region, including MoUs and diplomatic engagement.
A man impersonated a chartered accountant for 15 years in Hyderabad. This case highlights vulnerabilities in professional verification and identity safeguards.
The ICAI has signed an MoU with IAGES to establish an accreditation framework for gold industry partners. The initiative aims to standardize processes and create opportunities for CAs.
The ICSI is advocating for the inclusion of Company Secretaries in the ‘Accountant’ definition of the Income-Tax Bill, 2025, for governance and tax compliance.
The ICAI has updated guidelines for tax audit limits, retaining a 60-audit cap per member per financial year. The rule is effective from April 1, 2026, with some exemptions.
ICAI reaffirms 60-audit cap per CA from April 2026, reigniting calls for reform amid changing business dynamics, tech growth and modern audit capacity.
ICAI Disciplinary Committee reprimands CA. Jayaraman Dindigul Viswanathan for professional misconduct in issuing an unverified certificate, leading to revenue loss.
ICAI sets limit of 60 tax audit assignments per CA or partner annually, effective from 1 April 2026, replacing earlier 2008 guidelines.
ICAI has established three new branches of its Central India Regional Council in Rajasthan, covering Nagaur, Churu, and Jhunjhunu districts effective July 1, 2025.
ICAI found two CAs guilty of professional misconduct in the NSEL audit case and ordered one-year membership removal for CA Shrawan Jalan.
