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CBDT – Kindly explore the mechanism to Monitor & Regulate Tax Audits by using MEF data

CA, CS, CMA : Your attention is drawn towards a need of the hour that Tax Audits allotment be monitored through the department. It is certain th...

August 18, 2015 2262 Views 3 comments Print

ICAI hosted Specimen Multipurpose Empanelment Form for 2009-10

CA, CS, CMA : Professional Development Committee (PDC) is pleased to host the thoroughly revamped Multipurpose Empanelment Form (MEF) for the ye...

April 19, 2009 978 Views 0 comment Print

Onus Is On Assessee To Prove That The Net Realizable Value Whatever Has Been Shown By Him Is The Correct Net Realizable Value

CA, CS, CMA : Valuing the closing stock at net realizable value method is duly recognized by AS-2 issued by the ICAI but, the onus is on the ass...

December 8, 2008 1739 Views 0 comment Print


Latest News


ICAI Releases Draft Auditor Panel for Co-operative Banks

CA, CS, CMA : The issue involves publication of the draft panel for statutory auditor appointments. ICAI has released the list based on existing...

May 5, 2026 19164 Views 0 comment Print

Draft Bank Branch Auditors’ Panel (MEF) for the year 2025-26

CA, CS, CMA : ICAI has published the draft MEF panel prepared under RBI norms. Members can verify details, reasons for ineligibility, and submit...

January 24, 2026 13352 Views 0 comment Print

Last Date for MEF 2025-26 Submission Extended – Also Read Advisory

CA, CS, CMA : The Institute of Chartered Accountants of India has extended the deadline for the Multipurpose Empanelment Form (MEF) to October 1...

September 20, 2025 6714 Views 0 comment Print

ICAI Launches MEF 2025-26 Empanelment Form

CA, CS, CMA : Institute of Chartered Accountants of India's Professional Development Committee has released the Multipurpose Empanelment Form fo...

September 6, 2025 41895 Views 3 comments Print

MEF 2023-24 Application Window Open for 3 Days

CA, CS, CMA : ICAI announces a one-time window for MEF 2023-24 applications from 20th to 22nd November. Don't miss out, members!...

November 18, 2023 1971 Views 0 comment Print


Latest Notifications


Multipurpose Empanelment for the year 2015-16 started

CA, CS, CMA : This is to inform that Multipurpose Empanelment Form for the year 2015-16 has been made live at www.meficai.org. Last date for sub...

July 22, 2015 6165 Views 0 comment Print


ICAI's constitutes committee on public finance

December 26, 2008 504 Views 0 comment Print

The Institute of Chartered Accountants of India has constituted a committee on Public Finance with the objective of extending a helping hand to the Centre, state and local administrative departments in nation building, an official of ICAI said on Monday. ICAI Programme Director V C James told reporters here, the committee’s key objective is to study, review, analyse and recommend measures to tackle the fiscal problems of the central or state governments, PSUs, Civic bodies, financial institutions and local administrative departments.

Suggestion on Schedule VI and Saral Schedule VI for small and medium sized companies

December 24, 2008 883 Views 0 comment Print

As your good self are aware that the Council at its 280th meeting held from 7th to 9th August 9, 2008, considered the cited matter. After detailed discussion, the Council authorised CA. Vinod Jain, Chairman, CLC to finalize the Schedule VI and Saral Schedule VI for small and medium companies while appreciating the views/suggestions emerged during the Council meeting and views to be received from the Council members.

Onus Is On Assessee To Prove That The Net Realizable Value Whatever Has Been Shown By Him Is The Correct Net Realizable Value

December 8, 2008 1739 Views 0 comment Print

Valuing the closing stock at net realizable value method is duly recognized by AS-2 issued by the ICAI but, the onus is on the assessee to prove that the net realizable value whatever has been shown by him is the correct net realizable value and is less than the cost: the assessee has to satisfy the Assessing Officer by adducing the evidence that the net realizable value is less than the cost. D. Subhashchandra & Co. v. ACIT

Indian CAs Can Practice in UK and Frequently Asked Questions

December 1, 2008 39882 Views 3 comments Print

While the legal profession in India is still weighing the pros and cons of opening up to foreign competition, chartered accountants have gone ahead and taken the plunge. The Institute of Chartered Accountants of India (ICAI) has signed an agreement with the Institute of Chartered Accountants in England and Wales (ICAEW), allowing both countries to recognise the qualification of CAs from the other country.

ICAI sets Eyes on Global Standards

December 1, 2008 496 Views 0 comment Print

The recent planning and initiative of the Institute of Chartered Accountants of India (ICAI) are now directed to make India as a destination for accounting as well as auditing services. Apart from converging with the international financial reporting standards (IFRS) by April 1, 2011, it is now planning to convergence with the international auditing standards.

In Times of Crisis, CAs In Demand Like Never Before

November 27, 2008 531 Views 0 comment Print

THE financial meltdown is expected to bring new opportunities for chartered accountants as companies will seek better control over their finances. So, if BSchools are a worried lot and preferences are fast changing from finance to consulting, the CAs are in demand like never before. Also, as per the ICAI top brass, while the financial sector has been in a turmoil, there is no news of any CA being sacked by any company.

Draft Bank audit empanelment for 2008-09 list hosted

November 7, 2008 648 Views 0 comment Print

Declaration in respect of MEF 2008-09 not received – As per our records, declaration has not been received from applicants mentioned in the below list. Individual SMS communication has already been sent to all concerned at mobile nos. of the contact person provided in MEF application. In case of non-receipt of the declaration, your MEF application is liable to be rejected from the panel. Related applicants are requested to kindly send proof of sending alongwith a copy of the same immediately at the following address

Extension of Last Date for Submission of MEF for the Year 2008-09

September 15, 2008 543 Views 0 comment Print

The last date for submission of application on the website www.meficai. org October, has been extended to 6th 2008 and the last date for receipt of duly signed hard copy of declaration (alongwith the acknowledgement of soft submission of application) at the Institute’s Delhi office has been extended to 16th October, 2008.

Bank Audit Empanelment by ICAI for 2008-09

June 9, 2008 1467 Views 0 comment Print

ICAI – Announcement Announcement reagrding MEF for the year 2008-09 *Multipurpose Empanelment Application Form for the year 2008-09* Multipurpose Empanelment Application Form for the year 2008-09 is expected to be hosted on 15th June, 2008. *Everyone is advised to check their last year’s data and fill in all the blank columns and the relevant details. […]

Bank Audit Panel-Corrections under Process

January 1, 2008 687 Views 0 comment Print

Multipurpose Empanelment Form (MEF) 2007-08. View Multipurpose Panel 2007-08 Corrections are being processed, the final panel will be available as soon as possible.

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