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 The appeal was withdrawn wi...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 reprimands CA. Shantaram Gaikwad and imposes a Rs. 25,000 fine for professional misconduct.
ICAI takes disciplinary action against CA Anil Saxena, removing him from membership for 3 months and imposing a fine for professional misconduct involving fraudulent financial reports.
The ICAI Disciplinary Committee found CA. Purushottam Gupta guilty of professional misconduct as a Concurrent Auditor, failing to report fund misappropriation and exercise due diligence. He received a reprimand and a Rs. 50,000 fine.
The ICAI Disciplinary Committee reprimanded CA Jayant Ishwardas Mehta for professional misconduct involving an incorrect income tax exemption claim.
ICAI Committee reprimands CA. Anand Joshi and imposes a Rs. 15,000 fine for accepting an audit while previous auditor’s fees were outstanding.
The ICAI Disciplinary Committee reprimanded CA. Shashank Shankar Mundle for professional misconduct in a 2015-16 audit, citing failure to confirm material trade receivables.
The ICAI’s Disciplinary Committee found CA. Vineet Gupta guilty of professional misconduct in an NBFC audit and imposed a reprimand and a Rs. 25,000 fine.
A Chartered Accountant was reprimanded by the ICAI Disciplinary Committee for professional misconduct, failing to report an NBFC operating without an RBI registration certificate in a 2013-14 audit.
ICAI’s Disciplinary Committee reprimands CA Kaushal Kishor Singh for professional misconduct, citing failure to communicate with previous auditor and non-compliance with guidelines on outstanding fees.
The ICAI Disciplinary Committee has reprimanded CA. Kumar Jee Kandroo and fined him Rs. 35,000 for professional misconduct, including failing to communicate with the previous auditor.
