Chartered accountants day. I congratulate all the CAs in the country in advance
chartered accountants day. I congratulate all the CAs in the country in advance.
CHARTERED ACCOUNTANT
ICAI: Draft Of Regulations Further To Amend Chartered Accountants Regulations 1988
On 2nd June 2022, the ICAI has notified Chartered Accountants (2nd Amendment) Regulations, 2022. These contains draft of certain regulations further to amend the Chartered Accountants Regulations, 1988 30 days time limit to send any objection or suggestion in respect of the said draft regulations. To Download the Regulation in PDF, Please Click Here
Breaking: Due Date For Updation Of UDIN At Income Tax Portal Further Extended
Income Tax E-filing Portal has posted an update that: The timeline to update UDIN is extended till 30th June 2022 to give more time to CAs to correctly verify and upload UDINs.
Breaking: Government Suspends Two GST Officials For Illegal Detention Of Chartered Accountants
On 23rd May 2022, Union Minister Smt. Nirmala Sitharaman held a meeting with ICAI delegation in Gurugram GST refund case. CBIC has tweeted the updates of meeting as under: Smt @nsitharaman held a meeting with @theicai delegation, led by VP Shri Aniket Sunil Talati. The MoF had invited the ICAI on Saturday to discuss various …
Know Why “JusticeForCA” Hashtag is Trending
Some Twitter handles are claiming that 2 Chartered Accountants are arrested by the Gurugram GST Department for issuing CA certificate for GST refund. Video Tweet: Please Click Here to Visit After the arrest of Chartered Accountants, various CAs from the country have gathered at Gurugram GST Department and protested the arrest. CAs are tweeting with …
Written Submissions Before Court By Advocates in Gurugram 2 CA’s Arrest Case
In the Matter of: CGST, GURUGRAM Vs. SUNIL MEHLAWAT Written Submissions on Behalf of The Applicant/ Sunil Mehlawat MOST RESPECTFULLY SHOWETH: 1.) The Applicant aged about 29 Years, is married and has a minor child and aged father (mother already passed away), is sole bread earner of the family, since his wife is a housewife. …
Written Submissions Before Court By Advocates in Gurugram 2 CA’s Arrest Case Read More »
Chartered Accountants To Hold Protest Against CA Amendment Bill And IIA
A picture circulating in social media is showing that: All CA Members & Students Kindly Join us in Peaceful Protest against CA Amendment Bill & IIA at Jantar Mantar, New Delhi April 02, 2022 (Saturday) Time: 10 AM to 4 PM #Save_autonomy_of_ICAI
Big Breaking: CA/ CS/ CWA (Amendment) Bill 2021 Passed in Lok Sabha
The official twitter handle of Lok Sabha has tweeted on 30th March 2022 that: ‘The Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2021.’ passed in #LokSabha @loksabhaspeaker @ombirlakota @sansad_tv @nsitharamanoffc 'The Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2021.' passed in #LokSabha @loksabhaspeaker …
Big Breaking: CA/ CS/ CWA (Amendment) Bill 2021 Passed in Lok Sabha Read More »
Big Update: Indian Institute Of Accounting (IIA) To Compete With ICAI
Indian Institute of Accounting (IIA) has been proposed by parliamentary panel offering competition to ICAI. Students passing from IIAs will be given a license to practice (similar to CAs) and they will be called as Certified Professional Accountants (CPAs). Further details
ICAI Important Announcement: CA Foundation, CA Intermediate, CA Final And CA’s Examinations To Be Held On These Dates
On 25th February 2022, The ICAI has notifies examination dates and places for CA Foundation, CA Intermediate, CA Final and CA’s Examination. According to the Notification issued by the ICAI, the examination dates are attached in the below picture: Examination Places and Examination Fees as notified in the notification
ICAI Issues Revised FAQs On UDIN
ICAI has issued revised FAQs on Unique Document Identification Number (UDIN). This is the third edition of FAQs on UDIN. To curb the malpractices of certification by non-CAs by impersonating themselves as CAs, the ICAI has come out with an innovative concept of UDIN i.e. Unique Document Identification Number which has been implemented in phased …
ICAI Removes Names of Chartered Accountants For Professional Misconduct
Vide Notifications Dated 20th January 2022, the ICAI has removed names of Chartered Accountants (CAs) from the membership register. ICAI has also levied penalty on said CAs. The ICAI has taken action in terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered …
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Story Behind The Words “CA Se Dur Raho”
Co-Founder of Lenskart.com Peyush Bansal made a comment in his talk show Shark Tank India that “CA se dur raho”. After these words used by him for CAs, the CA fraternity has started mentioning him at social media handles. CA Neetu Jain posted at LinkedIn that “Peyush Bansal you owe an apology to CA fraternity …
ICAI is Providing GST Software To Chartered Accountants At Lowest Prices. Check Details Here
ICAI is providing GST software to Chartered Accountants at lowest prices. FEATURES OF SPEQTA GST SOFTWARE (1.) GSTR-1 Rate wise Report (2.) GSTR-1 Customer wise Report (3.) Compare Tax Paid as per GSTR-3B Vs Tax payable in GSTR-1 and Tax as per Books (4.) GSTR-2A Supplier wise report (5.) Month wise ITC availed in GSTR-3B …
Chartered Accountant Arrested For Blindly Signing Balance Sheets And Issuing Bogus Form 15CB
Enforcement Directorate has arrested Ravi Kumar, Chartered Accountant, M/s HAR Associates, New Delhi on 27.11.2021 in a case of laundering of 1100 Crore to Hong Kong, SAR, China by sending Foreign Outward Remittances from select Bank branches of SBI and SBM at Mumbai by using forged Air Way Bills (AWBs) and fabricated Cloud CCTV Storage …
Big Breaking: Firm’s CA Will Also Be Questioned If Tax Evasion Is Caught
Now the firms or business establishments, where there will be raids by the Income Tax Department and documents of large-scale malpractices or evasion of tax are found from there, then the CA who conducts regular audit of these will also be questioned. If there is misappropriation of crores of rupees of tax in a firm, …
Big Breaking: Firm’s CA Will Also Be Questioned If Tax Evasion Is Caught Read More »
टैक्स की हेराफेरी पकड़े जाने पर फर्म के सीए से भी होगी पूछताछ
आयकर विभाग की अब जिन फर्म या व्यावसायिक प्रतिष्ठानों में रेड होगी और वहां से बड़े स्तर पर गड़बड़ी या टैक्स की हेराफेरी के दस्तावेज मिलते हैं तो इनका नियमित ऑडिट करने वाले सीए से भी पूछताछ की जायेगी. किसी फर्म में टैक्स की करोड़ों रुपये की हेराफेरी होती है, तो ऑडिट की रिपोर्ट में …
टैक्स की हेराफेरी पकड़े जाने पर फर्म के सीए से भी होगी पूछताछ Read More »
ICAI Removes Names of CAs For Professional Misconduct
List of CAs whose name is removed by ICAI for profesional misconduct: CA Vishal Dhingra (Membership No. 408383), shall stand removed from the Register of Members for a period of 5 years with effect from 22nd October 2021. CA Avinash Lalwani (Membership No. 048715), shall stand removed from the Register of Members for a period …
ICAI Removes Names of CAs For Professional Misconduct Read More »
Shri Piyush Goyal Calls CA Fraternity to Work on Mission Mode for Creating Standards in Transparency
Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Government of India, Shri Piyush Goyal today said India is making Resurgent Stride towards a $5 trillion Economy. Addressing the ICAI Dubai Chapter during his visit to the UAE, Shri Goyal said led by Prime Minister Shri Narendra Modi, India today …
ICAI Writes to Navbharat Times Which Claims in Its News that Arrested Person in a Fraud Case is a Chartered Accountant
Navbharat Times posted that “LIC Agent ke khate se Rs. 16 lac nikale gaye, CA giraftaar”. On this news, ICAI writes a letter to the Executive Editor of Navbharat Times which is produced as under:. September 3, 2021 Mr. Sanjay Khati Executive Editor Navbharat Times New Delhi Sub.: News item with the caption “LIC Agent …
ALERT for Tax payer’s- CBDT issues refunds of over Rs 45,896 crore between April 1 and August 2; also check extended DUE DATES for e-filing of various forms
The Central Board of Direct Taxes (CBDT) has issued income tax refund of over Rs 45,896 crore between April 1, 2021 to August 2, 2021, said Income Tax India on Saturday. The refunds were made to more than 21.32 lakh taxpayers during the same period, it said. The Central Board of Direct Taxes issued …
Breaking :-Extension of time lines for electronic filing of Forms
Extension of time lines for electronic filing of various Forms (i)The Quarterly statement in Form No. 15CC to be furnished by authorized dealer in respect of remittances made for the quarter ending on 30th June, 2021, required to be furnished on or before 15th July, 2021 under Rule 37BB of the Rules, as extended to …
Breaking :-Extension of time lines for electronic filing of Forms Read More »
ICAI has brought 26 pages booklet – All about Fair Valuation
ICAI has brought 26 pages booklet on a very interesting topic: concept Paper on All about Fair Valuation. Glancing on 26 pages gives you an overall understanding of Fair Value, Entry Price, Exit Price and its importance of implementation in business valuation. ICAI has brought 26 pages booklet. Click on below link in …
ICAI has brought 26 pages booklet – All about Fair Valuation Read More »
‘Chartered Accountants have a Vital Role in India’s Progress’: PM Modi
On the occasion of Chartered Accountants’ Day on Thursday, Prime Minister Narendra Modi greeted the community and said it has a vital role in India’s progress. “Greetings to all Chartered Accountants on CA Day. This community has a vital role in India’s progress. I call upon all CAs to keep the focus on excellence so …
‘Chartered Accountants have a Vital Role in India’s Progress’: PM Modi Read More »
A Professional named Sunil Goyal Posted About 10 Actions in this time of COVID if He Would President of ICAI
A professional named Mr. Sunil Goyal has posted that as a professional organisation of the country, it is the duty of the ICAI to do something for its members as well as citizens. He posted about 10 actions if he would President of ICAI. 1. Create Covid task force in each and every branch urgently. …
Various Professional Courses, Their Institutions and Domains
CFA Student Ms. Aditi Sharma has prepared a list of various professional courses, their institutions and domains.
Railway Minister Piyush Goyal Praises Chartered Accountants for their Contribution in Nation Building and Offer them to Join Public Service
While speaking at ICAI’s residential meet of Chartered Accountant members in public service, he praises Chartered Accountants for their role in nation building and also offer them to join public service.
GST : CA Arrested for Fraudulently Passing on Fake ITC of Rs. 14.30 Crore
Sh. Nitin Jain, C.A has been arrested under Section 69(1) of the CGST Act’2017 and produced before the Duty Magistrate. He has been remanded in judicial custody of 14 days upto 27.01.2021 by the Duty Magistrate. Further investigation in this case is under progress.
NO EXTENSION OF FINANCIAL YEAR : CLARIFIES FINANCE MINISTRY
No extension of the Financial Year : There is a fake news circulating in some section of media that the financial year has been extended. A notification issued by Govt of India on 30.03.2020 with respect to some other amendments done in Indian Stamp Act is being misquoted. There is no extension of the financial …
NO EXTENSION OF FINANCIAL YEAR : CLARIFIES FINANCE MINISTRY Read More »
TDS ON YEAR END PROVISIONS
As per Income Tax Act ; TDS is to be deducted when the payment is made or when the amount is credited in the Books, whichever is earlier. So, The TDS Provisions are very clear that if any amount of Expense is charged to Profit & Loss account which attracts TDS deduction, TDS has to …