ICAI

ICAI Gives Advice To Update UDIN At Income Tax E-filing Portal

UDIN Directorate The Institute of Chartered Accountants of India 28th April 2022 Updation of UDINs at e-filing Portal Presently, various instances of invalidation of UDINs at the e-filing portal of Income Tax Dept. are being reported. The members are advised to try again to update those UDINs which have been invalidated earlier at the e-filing …

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Guidance Note on the Companies (Auditor’s Report) Order, 2020

ICAI Issues Guidance Note on the Companies (Auditor’s Report)

Guidance Note on the Companies (Auditor’s Report) Order, 2020 The Ministry of Corporate Affairs (MCA) issued the Companies (Auditor’s Report) Order, 2020 (CARO 2020) in February 2020. CARO 2020 contains many new reporting requirements for auditors such as revaluation of property, plant and equipment (including right of use assets) or intangible assets, benami property, working …

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ICAI CA Admit Card 2022: Hall tickets for inter, final May exams released; here's how to download

ICAI Expert Panel for Addressing queries related to Statutory Audit pertaining to Auditing Aspects

The Institute of Chartered Accountants of India (ICAI) being the world’s second largest accounting body and regulator of accountancy profession in India has always partnered in Nation Building and provided service to Indian economy in public interest. With the rapidly evolving business environment, introduction of new age companies, start-ups, increased number of companies going public …

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UDIN Update: Additional Information To Be Provided While Generating UDIN For Statutory Audit Report Of Bank Branches

This is to inform that the members are now required to fill the value of the MOC while generating UDIN for the Audit Report for Statutory Audit of Bank Branch under the category Audit & Assurance Functions for Statutory Audit-Bank Branch at the UDIN portal without any disclosure of the details of the client. The …

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ICAI Invitation for Expression of Interest for Empanelment as Subject Matter Expert in the Statutory Audit of Entities pertaining to Auditing Aspects

The Institute of Chartered Accountants of India (ICAI) being the world’s second largest accounting body and regulator of accountancy profession in India has always partnered in Nation Building and provided service to Indian economy in public interest. With the rapidly changing economy, introduction of new age companies, start-ups, increased number of companies going public and …

ICAI Invitation for Expression of Interest for Empanelment as Subject Matter Expert in the Statutory Audit of Entities pertaining to Auditing Aspects Read More »

ICAI Research Project Scheme 2022 – An Initiative By The Research Committee

ICAI has launched ICAI Research Project Scheme 2022. ICAI said that: Recognising the paramount importance of research, the ICAI is happy to announce Research Project Scheme 2022 to encourage researchers keen to undertake research projects on contemporary topics and to further enhance studies in the field of accounting and allied domains. We are confident that …

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ICAI Doctoral Scholarship Scheme 2022 – An Initiative By The Research Committee

ICAI has launched ICAI Doctoral Scholarship Scheme 2022. ICAI said that: We are happy to share that the Institute through its Research Committee is announcing the ICAI Doctoral Scholarship Scheme 2022 for the members who wish to pursue Ph.D. The scheme is aimed at encouraging larger number of Chartered Accountants to enroll in the scheme. …

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ICAI: Revision in Peer Review Mandate

The Council at its 407thMeeting held from 7th– 9thJanuary 2022 decided to mandate the Peer Review process for coverage of more firms under Peer Review process. An Announcement dated 12.02.2022 in this regard was hosted on the website at https://www.icai.org/post/peer-review-mandate-roll-out Certain aspects required revision to bring in more clarity e.g. the time limit for compliance of …

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ICAI Issues Guidance Note On Companies (Auditor’s  Report) Order,  2020

ICAI Issues Guidance Note On Companies (Auditor’s Report) Order, 2020

ICAI’s Guidance Note on the Companies (Auditor’s Report) Order, 2020 The Ministry of Corporate Affairs (MCA) issued the Companies (Auditor’s Report) Order, 2020 (CARO 2020) in February 2020. CARO 2020 contains many new reporting requirements for auditors such as revaluation of property, plant and equipment (including right of use assets) or intangible assets, benami property, …

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Big Breaking: CA/ CS/ CWA (Amendment) Bill 2021 Passed in Lok Sabha

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 …

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ITR filing to bank KYC: Complete these 8 important tasks by March 31, otherwise you will have a lot of trouble from next month

The current financial year 2021-22 is about to end in a few days. With the end of this financial year, the deadlines of many works are also going to end. These also include some financial work. If you do not complete these works by March 31, then you may have to face trouble. These tasks …

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Latest Income Tax & GST Weekly Due Dates, Notifications / Press Info, Case Laws, etc

Latest Income Tax & GST Weekly Due Dates, Notifications / Press Info, Case Laws, etc

Dear Readers,We are delighted to share our 66th E-Newsletter “Weekly Taxation Newsletter” dated 08th March, 2022 from 01st March, 2022 to 07th March, 2022 with you. This E – Newsletter is a weekly reference / compilation of interesting and latest news related to tax including upcoming Timelines / Due Dates, Notifications / Press Information, Case …

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Corporate Compliance Calendar for March, 2022

ABOUT ARTICLE:  This article contains various Compliance requirements for the Month of March, 2022 under various Statutory Laws. Compliance means “adhering to rules and regulations.” Compliance is a continuous process of following laws, policies, and regulations, rules to meet all the necessary governance requirements without any failure.  If you think compliance is expensive, try non‐ …

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Announcements - 75% Fee Concession in Registration Course Fee for all levels of CA Courses for the Candidates/ Students from Union Territories of Jammu & Kashmir, Ladakh , 8 North-Eastern States and Andaman & Nicobar Islands. - (28-04-2022)

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 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 …

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Tax Audit under Section 44AB

ICAI Guidance Note on Audit of Banks (2022 Edition)

Guidance Note on Audit of Banks (2022 Edition)– Auditing and Assurance Standards BoardThe Institute of Chartered Accountants of India10th February, 2022 A. Foreword and Preface of Past Years B. Text of Guidance Note on Audit of Banks (2022 Edition) C. Appendices of the Guidance Note on Audit of Banks (2022 Edition) Appendices of Section A …

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CA Result 2021: Check ICAI CA Final, CA Foundation Result – steps and link

Institute of Chartered Accountants, ICAI has declared CA Final Result 2021 and CA Foundation Result 2021. The examination were conducted in December 2021 and the results are now available online on the various websites icai.nic.in, icaiexam.icai.org and caresults.icai.org. Steps and direct link to check the result is provided below for quick reference. Result for CA …

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ICAI Removes Names of Chartered Accountants For Professional Misconduct

The Institute of Chartered Accountants of India has removed Names of 4 Chartered Accountants from Members Register on Guilty of Professional Misconduct 1. CA. Anand Mallikarjun Ukamanal (Membership No. 130139), S/o Mr. M G Ukamanal, Ashok Building, Behind S S Temple, VIJAYAPURA 586 101 2. CA. N Basker (Membership No. 207226), No. 5, II Cross, …

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Budget 2022 Live Updates: Big Gifts You Can Get in Income Tax From Budget

Budget 2022 Live Updates: Big Gifts You Can Get in Income Tax From Budget

Deduction can be allowed in the new tax regime If sources are to be believed, the officials of the Finance Ministry have conducted a survey looking at the data of tax returns. In this, an attempt was made to know why people are not adopting the new tax regime. In such a situation, it is …

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Important Change By ICAI in UDIN From 1st February 2022

Important Change By ICAI in UDIN From 1st February 2022

The ICAI has posted an update on UDIN portal on 31st January 2022 that: This is to state that Firm Registration Number (FRN) will be a compulsory field for generating UDIN from 12.00 am of 1st February 2022. The FRN will be displayed in the dropdown which will be fetched from the SSP database on …

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Updation of UDINs at e-filing Portal

FRN will be compulsory field for UDIN Generation from 1st February 2022

Sub: FRN will be compulsory field for UDIN Generation from 12.00 am of 1st February 2022 This is to state that Firm Registration Number (FRN) will be a compulsory field for generating UDIN from 12.00 am of 1st February 2022. The FRN will be displayed in the dropdown which will be fetched from the SSP …

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