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 The appeal was withdrawn wi...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 is pleased to announce that Intermediate (IPC) and Final examinations for November 2017 will be held on the dates given below at the following places provided that sufficient number of candidates offer themselves to appear from each centre.
ICAI Rule 41. Election Expenses.-No candidate under rule 15, shall incur an expenditure above an amount to be fixed by ICAI Council for this purpose.
ICAI takes disciplinary action against 17 Chartered Accountants vide 17 notifications issued on 6th July, 2022. THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 6th July, 2022 (CHARTERED ACCOUNTANTS) F. No. PR/211/12/DD/104/13/DC/454/16.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 […]
Chartered Accountants Foundation Examination, Paper – 1 [Principles and Practice of Accounting] and Paper – 2 [Business Laws & Business Correspondence and Reporting] which were scheduled on 24th and 26th June 2022 respectively in Silchar (Assam) Examination Centre were postponed.
ICAI has released Compendium of Indian Accounting Standards (Ind AS) (as on April 01, 2022) along with e-version of related guidance material at the occasion of CA Day held on July 01, 2022.
ICAI hereby notifies that Panel for scrutiny of nominations for bye-election to Twenty Fifth Council from Western India Regional Constituency to be held in September, 2022
Ind AS 34 does not specify which entities must publish an interim financial report. This is generally a matter for relevant law and government regulations.
The 74th Chartered Accountants’ Day was celebrated today i.e. July 1st by ICAI all across, through its 5 Regional Councils & 166 branches in India and 44 Overseas Chapters & 33 Representative Offices spread in 77 cities of 48 countries.
Power to remove difficulties available in section 172 of CGST Act, 2017 was originally due to expire by 30th June 2020 was extended by two years vide Finance Act, 2020 with effect from 30th June 2020.
Our nation has shown great resilience and willingness to overcome the ill effects of pandemic and move ahead towards the path of self-reliance. Our economy is not only able to sustain, but is also one of the few growth stories globally because of the will, determination and collective eff orts of all the stakeholders. The […]
