ICAI gives One-time Opportunity for CA Final Exam passed students to become member

ICAI gives One-time Opportunity for CA Final Exam passed students to become member

One-time Golden Opportunity for CA Final Exam passed students – Complete virtual MCS/Adv. ITT any-time any-where and become a member of ICAI 

In view of the Covid pandemic, the ICAI had decided to provide a once in a lifetime opportunity to students who have qualified CA final exam but unable to apply for Membership of the Institute due to non completion of MCS/Adv. ITT Course.

Such final passed students can now undergo the MCS/Adv. ITT Course through virtual mode any-time any-where through the https://virtualmcs.icai.org/ portal and apply for membership of ICAI at the earliest.

The details are as under:

• The last date of registration for the virtual MCS/Adv. ITT Course for students, who have qualified CA final but unable to apply for membership in the virtual portal is 30th September,2021. They are required to complete the course on or before 31st December, 2021. The virtual portal shall be discontinued for all the category of students (MCS & Adv. ITT) w.e.f 1stJanuary, 2022.

• Students need to grab this golden opportunity to become a member of this noble profession and take pride in using the prefix CA- The two alphabets of trust. It is pertinent to note that qualification of ACA and use of prefix CA is only for the members of ICAI and not for CA final exam qualified students

• Interest liability recognised by journal entries at the close of year, can’t be termed as fictitious – ITAT
• Cash deposits in bank which were immediately transferred to other accounts – addition deleted
• ITAT disallows 6% for alleged bogus purchases being appropriate
• CBDT can’t restrict power of CIT u/s 119(2)(b) to condone delay beyond six years – High Court
• ITAT allows benefit of the cash bought at the time of migration from Pakistan