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 The appeal was withdrawn wi...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...
ICAI Disciplinary Committee imposes ₹15,000 fine on CA. Devashish Garodia for professional misconduct, including improper auditor communication and tender guideline violations.
ICAI Disciplinary Committee orders one-month removal and ₹25,000 fine for CA. Surajit Bhowmick due to professional misconduct, including accepting an audit without prior communication and tender violations.
ICAI imposes ₹15,000 fine on CA Parimal Sarkar for professional misconduct in government tender participation. Non-payment may lead to name removal.
ICAI’s Disciplinary Committee fines CA Jagdish Prasad Mittal ₹15,000 for responding to an audit tender reserved for CAs that did not specify a minimum fee.
ICAI’s Disciplinary Committee fines CA Bal Chandra Khaitan Rs. 5,000 for failing to report improper accounting of an amalgamation reserve. He was cleared of two other charges.
ICAI Disciplinary Committee orders three-year removal and ₹5 lakh fine for CA Anand Kumar Jhunjhunwala over widespread audit failures including short provisioning and misclassifying NPAs.
Explore NFRA’s order under Companies Act 2013 on CA Krishna Bihari Chaturvedi for audit misconduct at DHFL branches in FY 2017-18. Details on penalties and findings.
Explore the Exposure Draft on proposed revisions to IES 2, 3, and 4 – Sustainability by IFAC. Share your feedback to shape global accountancy education standards.
Read CAASs recommendations for fair tax audit allocation, ensuring auditor independence and quality. They suggested automated allotment and fee structuring under ICAI.
Explore the detailed analysis of a professional misconduct case under the Chartered Accountants Act 1949. Learn about findings, charges, proceedings, and final conclusions.
