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 The appeal was withdrawn wi...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 ...
ICAI proposes changes to GST Forms GSTR-9 and GSTR-9C for better clarity, reporting, ITC reconciliation, and addressing compliance issues.
ICAI President discusses India’s economic transformation, capital market growth driven by retail investors and MSMEs, and the institute’s financial literacy and capacity building efforts.
Discover how Chartered Accountants leverage their expertise in finance and governance to excel in civil services, contributing to India’s administrative framework.
ICAI announces dates and details for the Advanced ICITSS-Adv. IT Test, to be held in CBT mode. Check eligibility, exam centers, and fee structure for 2025.
CA. Shreyas Dharkar How Standards on Auditing, Guidance Notes, and Code of Ethics Collaboratively Reduce Punishments Imposed by NFRA Summary: This article explores how adherence to Standards on Auditing (SAs), Guidance Notes, and the Code of Ethics can help auditors minimize penalties imposed by the National Financial Reporting Authority (NFRA). It emphasizes the importance of […]
ICAI collaborates with Rashtriya Raksha University and National Forensic Sciences University to enhance financial fraud investigation skills and cybersecurity expertise.
ICAI and CAG of India collaborate to strengthen PSU audit officer skills with structured training programs starting May 2025.
ICAI issues new financial statement formats for non-corporate entities, effective FY 2024–25, standardizing reporting and disclosures.
Ministry of Corporate Affairs updates tribunal members for ICAI and ICMAI election dispute cases, effective from April 17, 2025.
ICAI suspends CAs Praveen Murarka and Subhash Chander Sharma for professional misconduct, with removal from Register of Members effective April 17, 2025.
