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 : ICAIs Board of Studies has announced free Live Virtual Classes for CA Final students appearing in May and November 2027 examinatio...
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 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 The appeal was withdrawn wi...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) has announced the key dates for the upcoming elections to its Council and Regional Councils. The last date for receiving nominations is September 25, 2024, by 6:00 PM. Scrutiny of nominations will occur from October 1 to October 10, 2024, in New Delhi, with the last date […]
Explore illustrative accounting policies for non-company entities as per ICAI standards, covering preparation, revenue recognition, depreciation, and more.
ICAI clarifies that the individual involved in a trading fraud, reported as a Chartered Accountant, is actually a CA student, not a qualified professional.
ICAI’s Election Code of Conduct for the 2024 Council and Regional Council elections will be effective from September 2, 2024. Details available on ICAI’s website.
The ICAI has removed five Chartered Accountants from its Register for professional misconduct, imposing fines and suspensions ranging from one month to three years.
The Board of Discipline investigated CA Atul Jain for facilitating share capital transactions with firms lacking financial credibility. Findings issued in June 2024.
ICAI Board of Discipline finds CA Bharat Shroff not guilty of professional misconduct in case filed by CA Bhaven Shah regarding audit of NAK Engineering Pvt. Ltd.
ICAI Board of Discipline reviews misconduct allegations in a forensic audit case involving forged signatures and financial disputes between partners.
ICAI reprimands CA Rahul Kumar for misconduct involving fraudulent use of credentials and tax evasion, based on a complaint and investigation.
CA Ashish Baheti was found guilty of professional misconduct for accepting audit work without communicating with the previous auditor and unpaid fees.
