Income Tax : Explore reasons to include Cost Accountants in the Income Tax Bill 2025. Understand their role, expertise, and the legislative int...
Income Tax : Explore why Cost Accountants (CMAs) should be included in the definition of "Accountant" under the Income Tax Bill 2025 for a comp...
CA, CS, CMA : Direct taxation in India is plagued by mishandling, ignorance, and reliance on settlement schemes, risking the financial stability...
CA, CS, CMA : Its quite normal to see people clearing Professional Exams like CA/CMA/CS with comparatively little efforts and other student ...
CA, CS, CMA : Ensure timely compliance with the 2023-24 Cost Audit timeline. Promptly report any deviations to the Ministry of Corporate Affairs...
CA, CS, CMA : PFRDA seeks Chartered/Cost Accountant firm for Concurrent Auditor role (July 2025-June 2026), outlining stringent eligibility and ...
CA, CS, CMA : ICMAI issues revised Code of Ethics for CMAs, effective June 1, 2025, including independence standards for audit and assurance eng...
CA, CS, CMA : Learn about environmental costing, including GHG emission scopes (1, 2, 3), other environmental impacts like water and waste, and ...
CA, CS, CMA : The Institute of Cost Accountants of India extends the deadline for completing mandatory CPE credit hours in physical mode for COP...
CA, CS, CMA : ICMAI issues guidelines on firm name usage, tender submissions, and branch office management. Non-compliance may result in discipl...
CA, CS, CMA : Kolkata High Court judgment on re-evaluation of answer scripts in Cost Accountancy exams. Analysis of regulations and court decisi...
CA, CS, CMA : Delhi High Court restrained Institute Of Cost Accountants Of India from using ICAI acronym, a trademark which stands registered in...
Corporate Law : Sanjay Ghiya Vs Union Of India (Rajasthan High Court) Rajasthan High Court held that CHARTERED ACCOUNTANTS Or COMPANY SECRETARIES ...
CA, CS, CMA : CA V. Venkata Sivakumar Vs. The Secretary, Institute Of Cost Accountants Of India Use of acronym ICAI by Institute of Cost Account...
CA, CS, CMA : Institute of Chartered Accountants of India Vs The Institute of Cost Accountants of India (Delhi High Court) Institute of Chartere...
Corporate Law : ICAI amends 1959 regulations, replacing “Calcutta” with “Delhi” as the official head office location, effective April 25, ...
Corporate Law : Ministry of Corporate Affairs updates tribunal members for ICAI and ICMAI election dispute cases, effective from April 17, 2025....
CA, CS, CMA : MCA amends Cost Accountants Act, appointing Dr. Anju Rathi Rana as presiding officer of the Election Tribunal. Effective from the ...
CA, CS, CMA : Justice Talwant Singh appointed as Chairperson of the Appellate Authority for professional institutes under the Chartered Accounta...
CA, CS, CMA : Discover the latest amendments to the Chartered Accountants Act by the Ministry of Corporate Affairs. Stay informed with the updat...
the writ petition, which has been admitted by an order passed the Division Bench on 6 August 2014, there is a challenge to the validity of Rule 73 of the U.P. Value Added Tax Rules, 2008 on the ground that they are ultra vires the provisions of the U.P. Value Added Tax Act, 2008 and the Advocates Act, 1961 insofar as it permits persons who are not Advocates ‘to appear and represent’ before the authorities established under the Act of 2008.
I am honored to be elected as the President of the Institute for the year 2014-15 to serve this great profession with the support of all of you. I am grateful to my council colleagues for showing confidence and faith in me. I thank all of you for your trust, and shall strive to live up to your expectations.
In my second series in continuation to my previous article ‘Costing Methods/Cost Management in Turkey-Series 1′ I would be discussing about one of the researches on one of the world’s most luxury automobile company where adoption of Cost Management and Costing Methods made a stupendous turn around. The story is all about shifting of accounting […]
The Indian government under the UPA II has abolished the Cost Audit and Costing methods for various industries under ( Cost Record and Audit ) Rules -2014 . In my research I went in deep into the different countries, developed as well as emerging economies over the span of last 10 years I find the development/growth & […]
On a short notice myself and Vice President had a meeting with Additional Secretary and other officials of Ministry of Corporate Affairs and Cost Audit Branch, wherein s preliminary discussion on different issues, as pointed out in annexure I&II of the letter dated 2nd July 2014 addressed to Secretary, MCA, was held.
The undersigned is directed to say that representations have been received from members of the Institute of Cost Accountants of India after notification of the Companies (Cost Records and Audit) Rules 2014, expressing grievances about the scope of the rules and their implications for the profession of Cost Accountancy.
Well India has presented its Budget and billions of analysis has been already executed. Well I find that this budget would be finding a hard place to land due to the recent COST AUDIT & COSTING METHODS abolishment. Now my readers my say that extrapolating and trying to mix cost audit in everything I write. […]
Finance Act, 1984 introduced Section 44AB under Income-tax Act, 1961 w.e.f Assessment Year 1985-86. Under this section, if the total sales / turnover or gross receipts for previous year exceed the prescribed limits then assessee is required to get his accounts audited by an “Accountant”. This audit is popularly known as Tax Audit.
Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things you only hoped for. –Epicurus A life spent making mistakes is not only more honorable, but more useful than a life spent doing nothing. –George Bernard Shaw My Dear Professional Colleagues, It is […]
The Uttar Pradesh (UP) Government vide Section 21 of The Uttar Pradesh Value Added Tax Act 2008 and Rule 42 thereof has already recognized Cost Accountants for the purpose of Auditing of Books of every taxable dealers under the Act. Now The UP Government has issued an amendment to Rules vide Government Notification no. Ka.Ni.-2-684/XI-9(295)/07-U.P.VATRULES-08-order-(114)-2014, […]
