Category: ICAI

ICAI Campus Placement Programme for Newly Qualified Chartered Accountants September-October, 2019

ICAI Clarifies news reports on CA exam answer books found in possession of unauthorised person Recently, newspapers had reported arrest by Kolkata Police of two person with 550 answser sheets of CA Examination held in June . As reported, those arrest were not the examiners authorised by ICAI.  …

ICAI issues educational material on Indian Accounting Standard (Ind AS) 8, Accounting Policies, Changes in Accounting Estimates and Errors According to the ICAI This Educational Material on Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors will provide guidance to the stakeholders in understanding the criteria …

ICAI objects to TOI & Umar Ujala on stating sacked chairman of J&K Bank as Chartered Accountant The Institute of Chartered Accountants of India (ICAI) has registered a strong objection with the Times of India and Umar Ujala newspapers on the news item published on 10th June 2019 …

ICAI revised Guidance Note on Non Ind AS /IndAS Schedule III of the Companies Act 2013 In 2016, immediately after the introduction of format of Schedule III to the Companies Act 2013 , the ICAI had brought the first edition of the Guidance Note on Division I – …

ICAI issues revised Frequently Asked Questions on the Companies Act, 2013 The Corporate Laws & Corporate Governance Committee (CL&CGC) of the Institute of Chartered Accountants of India (ICAI) has released the revised publication “Frequently Asked Questions on the Companies Act, 2013”. The last publication was issued in 2016 …

ICAI issues sample format of Auditor’s Certificate on Return of Deposits (DPT-3) pursuant to Rule 16 of the Companies (Acceptance of Deposits) Rules, 2014 ToThe Board of Directors Illustrative Auditor’s Certificate on Return of Deposits as at pursuant to Rule 16 of the Companies (Acceptance of Deposits) Rules, …

Presumptive Tax u/s 44ADA-reduce tax rate, increase threshold says ICAI in its Pre-Budget Memorandum-2019 on Direct Taxes and International Tax to the Government The Finance Act, 2016 has inserted a new section 44ADA which provide for special provision for computing profits and gains of profession on presumptive basis. …

CA held guilty of misconduct being engaged in business as director. Difference between director simplicitor and director involved in business activities of  company ABCAUS Case Law Citation: ABCAUS 3003 (2019) (06) AA An appeal had been filed by the Appellant Chartered Accountant before the Appellate Authority (AA) against …

ICAI changes names of 17 Regional Councils Branches in line with revised official names of the cities THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NOTIFICATION New Delhi, the 4th May, 2019 (CHARTERED  ACCOUNTANTS) No.1-CA.(7)/191/2019.—The Council of the Institute of the Chartered Accountants of India at its meeting held …