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 …
ICAI Gives Advice To Update UDIN At Income Tax E-filing Portal Read More »
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 …
ICAI Issues Guidance Note on the Companies (Auditor’s Report) Read More »
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 …
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 …
Weekly Taxation Newsletter Period: 30.03.2022 to 10.04.2022 Weekly Taxation Newsletter Let’s Build Something Together Upcoming Due Dates WeeklyDepartmental updates Important Notifications & Circulars Important Case-laws International Taxation Corner (ITC) Knowledge bucket for NRI Brain Bites- Do you Know?
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 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 …
ICAI Research Project Scheme 2022 – An Initiative By The Research Committee Read More »
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. …
ICAI Doctoral Scholarship Scheme 2022 – An Initiative By The Research Committee Read More »
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 …
VIRTUAL-TRAINING PROGRAMME FOR PEER REVIEWERS on 7th and 8th April 2022 Organised by the Peer Review Board of ICAI and hosted by Ghaziabad branch of CIRC of ICAI (6 structured CPE Hours) Register at : https://www.icaigzb.org/pay.php
The ICAI must shed its ‘Licence Raj’ baggage and become more relevant to the needs of the changing world; IIAs may not be a bad idea The Bill to amend the the Chartered Accountants Act, 1949, the law that governs the Institute of Chartered Accountants of India (ICAI), was passed in Lok Sabha on Wednesday. …
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, …
ICAI Issues Guidance Note On Companies (Auditor’s Report) Order, 2020 Read More »
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
ICAI Members’ Journal The Chartered Accountant – April 2022 IssueTo Access the Journal please visit Click Here to Read & Download
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 »
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 …
ICAI Students’ Journal – The Chartered Accountant – April 2022 Issue.To Access the Journal Please visit.
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
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 …
Latest Income Tax & GST Weekly Due Dates, Notifications / Press Info, Case Laws, etc Read More »
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‐ …
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 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 …
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 …
ICAI Guidance Note on Audit of Banks (2022 Edition) Read More »
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 …
CA Result 2021: Check ICAI CA Final, CA Foundation Result – steps and link Read More »
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, …
ICAI Removes Names of Chartered Accountants For Professional Misconduct Read More »
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 …
Budget 2022 Live Updates: Big Gifts You Can Get in Income Tax From Budget Read More »
ICAI has posted an update on UDIN portal on 31st January 2022 that: The CBDT has extended the last date for updating UDINs for all the IT forms at the e-filing portal to 30th April, 2022. For any clarification, please write us at udin@icai.in. UDIN Directorate
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 …
Important Change By ICAI in UDIN From 1st February 2022 Read More »
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 …
FRN will be compulsory field for UDIN Generation from 1st February 2022 Read More »
ICAI Students’ Journal – The Chartered Accountant – February 2022 IssueTo Access the Journal Please visit