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Comply without delay with timeline of Cost Audit 2023-24

CA, CS, CMA : Ensure timely compliance with the 2023-24 Cost Audit timeline. Promptly report any deviations to the Ministry of Corporate Affairs...

May 15, 2024 1803 Views 0 comment Print

Applicability & Non-Compliance in Cost Records/Audit: MCA Notices & ICMAI Advisory

CA, CS, CMA : Applicability of Cost Records and Cost Audit and Non-Compliance with various provisions with regard to Cost Records/Audit results ...

May 13, 2024 9510 Views 0 comment Print

Unlocking Success: Motivational Guide for CS, CA and CMA Aspirants

CA, CS, CMA : Starting the journey of becoming a Chartered Accountant (CA), Company Secretary (CS), or Cost and Management Accountant (CMA) is n...

March 30, 2024 1035 Views 0 comment Print

प्रोफेशनल स्वस्थ कैसे रहें

CA, CS, CMA : जानें कि एक स्वस्थ पेशेवर जीवनशैली कैसे बनाए रखे...

March 25, 2024 2100 Views 0 comment Print

Efficient Client Management: Excel Proforma for CA/CS/CMA

CA, CS, CMA : Enhance client management for professionals like Chartered Accountants, Company Secretaries, and Cost Accountants using Excel-base...

August 16, 2023 5832 Views 0 comment Print


Latest News


53rd GST Council Meeting: Impact Analysis by ICMAI

Goods and Services Tax : Explore the impact of the 53rd GST Council Meeting recommendations, including waivers on interest and penalties under Section 73, ...

July 6, 2024 1083 Views 1 comment Print

CAS-2 (Revised 2024) Cost Accounting Standard on Capacity Determination

CA, CS, CMA : Explore revised CAS-2 (2024) standard for capacity determination, issued by Institute of Cost Accountants of India, ensuring consi...

May 18, 2024 333 Views 0 comment Print

Guidance Note on Inventory Valuation under Income Tax Act 1961

Income Tax : Learn how to prepare Inventory Valuation Reports under Section 142(2A) of the Income Tax Act, 1961 with our comprehensive Guidance...

May 10, 2024 2121 Views 0 comment Print

ICMAI Advisory: Unit of Measure & Cost Audit Report Submission

CA, CS, CMA : ICMAI issues advisory for members regarding Annexures in Cost Audit Reports & timely submission. Ensure compliance for statutory r...

May 10, 2024 396 Views 0 comment Print

MCA Invites Comments on Review of 5 Rules under CA, CWA and CS Acts

CA, CS, CMA : Ministry of Corporate Affairs invites comments on rules review under CA, CWA, and CS Acts. Participate in the consultation process...

April 19, 2024 597 Views 0 comment Print


Latest Judiciary


No provision for re-evaluation of answer scripts in Cost Accountancy exams: HC

CA, CS, CMA : Kolkata High Court judgment on re-evaluation of answer scripts in Cost Accountancy exams. Analysis of regulations and court decisi...

November 25, 2023 3069 Views 0 comment Print

HC restrained Institute of Cost Accountants from using ‘ICAI’ acronym

CA, CS, CMA : Delhi High Court restrained Institute Of Cost Accountants Of India from using ICAI acronym, a trademark which stands registered in...

March 28, 2023 16149 Views 0 comment Print

CA, CS, CMA authorised to present case on behalf of client under RERA

Corporate Law : Sanjay Ghiya Vs Union Of India (Rajasthan High Court) Rajasthan High Court held that CHARTERED ACCOUNTANTS Or COMPANY SECRETARIES ...

April 28, 2022 4779 Views 0 comment Print

SC dismisses plea against use of acronym ‘ICAI’ by Institute of Cost Accountants of India

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...

July 19, 2021 31767 Views 10 comments Print

Who can use the acronym ICAI- HC to hear the matter on 27th July, 2021

CA, CS, CMA : Institute of Chartered Accountants of India Vs The Institute of Cost Accountants of India (Delhi High Court) Institute of Chartere...

June 3, 2021 1152 Views 0 comment Print


Latest Notifications


Constitution of Appellate Authority for CAs CSs and Cost Accountants

CA, CS, CMA : Discover the latest amendments to the Chartered Accountants Act by the Ministry of Corporate Affairs. Stay informed with the updat...

April 26, 2024 1245 Views 0 comment Print

Central Bank of India Scheme for CA/CS/CMA & other finance professionals

CA, CS, CMA : Discover Central Bank's Cent CA/CS/CMA scheme, offering attractive interest rates for finance professionals. Eligibility, benefits...

April 3, 2024 5133 Views 0 comment Print

ICMAI Withdraws Paper 5 Exemption for CAT Qualified Students

CA, CS, CMA : Important notification from the Institute of Cost Accountants of India: Exemption in Paper 5 - Business Laws & Ethics for CAT qual...

January 30, 2024 603 Views 0 comment Print

Inventory Valuation by Cost Accountants (CMAs) Draft Format released for comments

Income Tax : Inviting comments on the draft Form No. 6C for implementing the amendment made by the Finance Act, 2023 wrt Sub-section (2A) of th...

August 16, 2023 3480 Views 0 comment Print

Draft Cost and Works Accountants (Amendment) Regulations, 2023

CA, CS, CMA : The Institute of Cost Accountants of India (ICAI), established under the Cost and Works Accountants Act, 1959, is a statutory body...

August 1, 2023 2760 Views 0 comment Print


Manufacturing companies with a paid-up capital of Rs 50 crores or more may be required to get their cost accounting records audited by a statutory cost auditor

May 31, 2010 928 Views 0 comment Print

Regulations regarding maintenance of cost accounting records and cost audit are likely to change. If the recommendations of the expert committee appointed by the Ministry of Corporate Affairs are accepted, all manufacturing companies with a paid-up capital of Rs 50 crores (500 million) or more will be required to get their cost accounting records audited by a statutory cost auditor.

Expert Group highlighted the need to develop cost accounting standards

May 11, 2010 340 Views 0 comment Print

The expert group constituted by the Ministry of Corporate Affairs has specifically highlighted the need to develop cost accounting standards on the basis of generally accepted cost accounting principles. The cost accounting standards board is working to address the issue.

Bill to enable CAs, Company Secretaries and Cost Accountants to form LLP

April 30, 2010 504 Views 0 comment Print

Government on 28.04.2010 introduced in the Rajya Sabha three bills to enable CAs, Company Secretaries and Cost Accountants to form limited liability partnership firms in line with global practices.

CA, CS, ICWA asked to report suspicious fund movements directly to government

April 24, 2010 420 Views 0 comment Print

The government has asked chartered accountants, cost accountants and company secretaries to directly report to the home ministry cases of suspicious fund movements in an out of companies, as it looks to crack down on money laundering and terror funding.

Cost accountants body to set up centres for filing e-returns

April 16, 2010 702 Views 0 comment Print

Apex cost accountants body ICWAI today said it will set up centres for filing returns and tax-related documents electronically. Under an agreement signed with Central Bureau of Excise and Customs (CBEC), the Institute of Cost and Works Accountants of India (ICWAI) will provide facilitation centres across the country for e-filing of returns and documents to the central excise and service tax assesses.

Press Release and Salient features of MOU signed by ICWAI with CBEC on 13.4.2010

April 15, 2010 642 Views 0 comment Print

The Institute of Cost and Works Accountants of India (ICWAI) and Central Board of Excise & Customs have signed a Memorandum of Understanding (MOU) on 13th April, 2010 to set up ACES Certified Filing Centres (CFCs) across the country. These CFCs can be set up and operated by the Members of ICWAI, who have valid certificate of practice issued by the ICWAI.

ICWAI invites Member’s comments invited on Exposure Draft of CAS on Cost of

April 7, 2010 327 Views 0 comment Print

The Council of The Institute of Cost and Works Accountants of India has approved the release of Exposure Draft Cost Accounting Standards on Cost of Service Cost Centres as recommended by the Cost Accounting Standards Board (CASB), the standard-setting body of the Institute on March 27, 2010.

ICWA southern region placement- 100 picked out of 450 candidates

April 6, 2010 1788 Views 0 comment Print

The Institute of Chartered and Works Accountants of India (ICWAI) southern region saw salary remaining at the same levels as last year, despite an economic recovery. Out of the 450 candidates who appeared for the campus placement, only 100 were selected.

Six Cost Accounting standards Mandatory from 1st April 2010

March 14, 2010 783 Views 0 comment Print

Ten cost accounting standards have been formulated, six of them are mandatory, which will come into effect from April 1 and three more are likely to be added, according to Mr K. Narasimha Murthy, Director of IDBI and LIC Housing Finance.

For ICWAI students June 2010 will be Last attempt under old Syllabus

March 11, 2010 462 Views 0 comment Print

The last examinations under SYLLABUS 2002 would be held in June 2010. From December 2010 term onwards, examinations shall be held only under the REVISED SYLLABUS, 2008

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