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 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 Sales Tax Bar Association requested reconsideration of Bar Council of India rules prohibiting advocates from entering partners...
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 The appeal was withdrawn wi...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 clarified that application of funds can only be made on actual payment basis in case of charitable trusts. This amendment is made vide Finance Act, 2022 and is applicable for assessment year 2022-2023 and subsequent assessment years. Direct Taxes Committee The Institute of Chartered Accountants of India 1st September, 2022 Subject: Applicability of Explanation […]
W.E.F. the 1st of APRIL 2023, the firms auditing the following types of entities shall be mandatory required to undertake an evaluation of their audit quality maturity using the Audit Quality Maturity Model Revised Version 1.0 (AQMM Rev v1.0). Centre For Audit Quality Directorate The Institute of Chartered Accountants of India 13th September, 2022 MANDATORY […]
A large extent of pendency for updation of 15 CB forms at e-filing portal may be attributed to non-availability of any options for their withdrawal from portal
Held that rule 12 Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007 does not expressly debar the Director Discipline from entertaining a complaint merely because it may relate to acts of misconduct committed seven years prior to the same being lodged.
ICAI declares time table for December 2022 CA Foundation Examination. Exam will be held on 14th, 16th, 18th & 20th December 2022
Auditing and Assurance Standards Board & Professional Development Committee The Institute of Chartered Accountants of India 7th September, 2022 External Confirmations through Third Party Vendors External confirmations have been an important and integral part of audit procedure in order to obtain sufficient appropriate audit evidence in line with requirement prescribed in various Standards on Auditing […]
Shri Goyal asks Chartered Accountants all over the world to be ambassadors of Brand India Asks Chartered Accountancy firms in India to develop global partnerships and become international firms Asks Chartered accountants to always do justice to the immense legacy of trust, honesty and high standards left behind by their predecessors Calls upon ICAI to […]
It is a pleasure to inform you all that the Direct Taxes Committee of ICAI has released the much awaited and thoroughly revised edition of its flagship publication ‘Guidance Note on Tax Audit under section 44AB of the Income-tax Act, 1961 – AY 2022-23’.
Extension of Date for Submission of Online Examination Application Forms for Chartered Accountants Examinations – November 2022 Examination Department The Institute of Chartered Accountants of India 31st August, 2022 IMPORTANT ANNOUNCEMENT SUBMISSION OF ONLINE EXAMINATION APPLICATION FORMS FOR CHARTERED ACCOUNTANTS EXAMINATIONS, NOVEMBER 2022. This announcement is in continuation of the Institute’s announcement dated 14th July 2022 […]
Issue of Capital and Disclosure Requirements (Third Amendment) Regulations, 2022 by social enterprises has set the tone for the formation of the Social Stock Exchange in India, as a separate segment of a recognized stock exchange, to facilitate fundraising by social enterprises, both for-profit as well as not for profit organisations.
