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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 ...
Corporate Law : ICMAI introduced strict advertisement guidelines prohibiting exaggerated claims and misleading content. The framework ensures ethi...
CA, CS, CMA : CAS-25 standardizes principles for inventory valuation, including cost components and NRV rules. It applies from 12 February 2026 ...
CA, CS, CMA : ICMAI has proposed structured rules governing merger and demerger of CMA firms, including mandatory agreements, name freezing, and...
CA, CS, CMA : ICMAI requires prior approval of network names and submission of formal agreements through prescribed forms. Detailed provisions g...
CA, CS, CMA : Proposed guidelines permit PCMA firms to change names with Council approval while retaining registration number and tenure, provid...
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 : The amended guidelines mandate minimum CPE hours for all practicing members. Non-compliance will lead to discontinuation of the Ce...
CA, CS, CMA : The Institute of Cost Accountants of India grants a final extension until March 31, 2026, for CoP holders to clear the mandatory C...
CA, CS, CMA : The Ministry of Corporate Affairs (MCA) has updated member appointments for the Chartered Accountants, Cost Accountants, and Compa...
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....
The students may be pleased to know that the suggested answers for December 2011, has been hosted on the website and is available for download to registered students of the Institute. The Examination notice for June 2012 examinations has been issued and the students can also file the application on line. As a part of encouragement to this e-governance initiative, the application form fee of Rs.50/- is waived for those students who are filing on line application.
Cost Accounting Standards Board, the standard-setting body of the Institute, has approved the release of Exposure Draft of Guidance Note on Cost Accounting Standard – 9 on Packing Material Cost (CAS – 9). The proposed Exposure Draft may be modified in light of comments received before being issued in final form.
The Institute of Cost Accountants of India intends to draw a panel for acting as Observer at the examination centre’s in various cities during the Cost accountants examinations to be held from June 11 ‐ 18, 2012. Examination will be conducted in two sessions – (i) Morning session (9.30 A.M to 12.30 P.M.) and (ii) Afternoon session (2 P.M to 5 P.M)
ICAI National Cost Convention-2012 begins RPN Singh calls for public friendly Accounting Shri R.P.N. Singh, Minister of State for Corporate Affairs has emphasized upon public friendly Accounting. Inaugurating the three day long 53rd National Cost Convention of Cost and Management Accountants (CMA) for the year 2012 organised by the Institute of Cost Accountants of India […]
The three day long 53rd National Cost Convention of Cost and Management Accountants (CMA) for the year 2012 is being organised by the Institute of Cost Accountants of India (ICAI) here in New Delhi at Vigyan Bhawan from tomorrow onwards. It will focus on Enhancing the long term enterprise value- Environment, Society and Governance – Towards New form of Business Reporting and be inaugurated by the Minister of State for Corporate Affairs, Shri R.P.N. Singh. Shri Naved Masood, Secretary in the Ministry of Corporate Affairs will deliver Special Address during the Inaugural Session.
Mr.Gopalakrishnan said that the Standing Committee acknowledges the representation received from The Institute of Cost Accountants of India demanding the changes in the definition of Accountant and the request for inclusion of Cost Accountant in the Accountant definition. The Institute feels this that this is a very important step which will enable the wider inclusion of related professionals in the definition of Accountant as compared to the strict interpretation as has been done in the past.
Mr. M.Gopalakrishnan, President of The Institute of Cost Accountants of India, announced, that the cost and management accounting profession, is gearing up for the new form of business reporting, which has to address the long term shareholder value as against the short term market oriented reporting as at present. On the occasion of the National Cost Convention to be held at New Delhi, from 15th to 17th March 2012, he said that a major transformation is in the offing, related to business reporting scenario.
The Technical Cell of National Task Force constituted by the Institute has approved the release of the Exposure Draft of Guidance Note on Performance Appraisal (Form-III of CAR 2011) Report. The proposed Guidance Note may be modified in light of comments/ suggestions received before being issued as Guidance Note in the final form.
What is the effective financial year from which Cost Audit Order No. 52/26/CAB-2010 dated 24th January 2012 will be applicable? The Cost Audit Order No. 52/26/CAB-2010 dated 24th January 2012 will be applicable on a company engaged in industry/activity listed in the order in respect of each of its financial year commencing on or after 1st April, 2012.
The Institute of Cost Accountants of India and Food Corporation of India (FCI) (Government of India Undertaking) have signed an MOU on 28th February’2012. As per this MOU the intermediate passed students of the Institute will be able to undergo Practical Training with FCI.
