Raising of number of partners in CA Firm with reference to the provisions of Companies Act, 2013. - ICAI
Posted Date : 03-Sep-2014 , 08:15:45 am | Posted By CASANSAAR
The Council of the Institute has clarified that the earlier restriction of maximum of 20 partners permitted for firms under section 11 of the Companies act, 1956 is no more applicable to the firms as Section 464 of the Companies Act, 2013 has been notified w.e.f 01.04.2014 wherein sub-section (1) ...
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IFRS-compliant accounting standards by December - ICAI
Posted Date : 01-Sep-2014 , 08:25:34 am | Posted By CASANSAAR
New Indian Accounting Standards (Ind-AS), being formulated in alignment with International Financial Reporting Standards (IFRS), are likely to be notified by December this year.
"We have targeted the completion of amendments to Ind-ASby November 30. It is expected that these would be notified ...
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Online Updation of details of the Peer Reviewers - ICAI
Posted Date : 28-Aug-2014 , 04:40:39 pm | Posted By CASANSAAR
The Peer Review Board (PRB) with an aim to improving the quality of review has designed a web - format to simplify the system of uploading and updating the details of reviewers online and the same has already been uploaded on the Institute’s website. Data fed in that form will help the Peer Re...
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Anandiben asks CAs to help strengthen fiscal health of Country
Posted Date : 26-Aug-2014 , 08:22:34 am | Posted By CASANSAAR
Asking the Chartered Accountants to keep a watch on fiscal transactions to check scams and financial irregularities in the country, Chief Minister Anandiben Patel on Monday said that people have got a wrong perception about chartered accountants helping convert “black money” into “...
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Chartered Accountants are
Posted Date : 23-Aug-2014 , 04:38:56 pm | Posted By CASANSAAR
Recalling the words of the Prime Minister Narendra Modi that his government does not believe in a high taxation regime, Union Minister of State for Petroleum and Natural Gas Dharmendra Pradhan today said this was possible by maintaining extraordinary integrity, fairness and putting heart and mind in...
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Email to CBDT for DEFERMENT of New Tax Audit Report to Assessment Year 2015-16.
Posted Date : 18-Aug-2014 , 01:04:14 pm | Posted By CASANSAAR
We have no news of release of TAR Utility Schema neither to postpone it so far, hampering tax audit work to a stand still all over India. No Tax audit is possible to be executed since 25th of July, due to CBDT unplanned Notification No. 33/2014 dtd 25.7.2014. This is height of our patience and causi...
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ICAI |
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Relief for ICAI as HC stays DG investigation into education scheme
Posted Date : 13-Aug-2014 , 08:02:09 am | Posted By CASANSAAR
In a relief for the the Institute of Chartered Accountants of India (ICAI), the Delhi High Court has stayed an order of the competition watchdog directing a probe against the institute.
The Competition Commission of India (CCI) had in February this year passed an order directing its Directo...
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ICAI |
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ICAI should clarify about the email received by the Members
Posted Date : 07-Aug-2014 , 10:27:46 am | Posted By CASANSAAR
A Lot of Professional Colleagues are getting email from ICAI (email@icai.ind.in) to fill the details & send it to jorapur@icai.in. Every one are confused about such emails. ICAI should clarify about such kind of emails
Some Questions arises in the Mind...
1. ICAI have all the D...
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Revenues Worth Rs 153 Cr With ICAI Councils: Govt
Posted Date : 06-Aug-2014 , 08:30:28 am | Posted By CASANSAAR
The government today said last fiscal revenues worth over Rs 153 crore were available with the regional councils of the Institute of Chartered Accountants of India (ICAI), and councils of the Institute of Cost Accountants of India had about Rs 40 crore.
These amounts are provisional figures for 201...
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CA Dalip Kumar Kaul appointed as independent director of J&K Bank
Posted Date : 03-Aug-2014 , 09:34:12 am | Posted By CASANSAAR
J&K Bank held its 76th Annual General Meeting (AGM) here today.
Chairman and CEO JK Bank Mushtaq Ahmad speaking on the occasion said the bank during 2013-14, continued with its rapid expansion of multi-delivery channels.
He said the bank added a total of 92 business units...
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CBI arrests CMD of Syndicate Bank, Chartered Accountant & 4 others in Bribery case
Posted Date : 02-Aug-2014 , 08:28:54 pm | Posted By CASANSAAR
Central Bureau of Investigation has arrested S K Jain Chairman and Managing Director Syndicate Bank along with five others for allegedly accepting bribe from private companies to extend them credit facilities.
The agency had conducted raids across 20 locations in cities ...
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ICAI invites suggestions on the revised formats of Form Nos. 3CA, 3CB and 3CD
Posted Date : 31-Jul-2014 , 12:56:36 pm | Posted By CASANSAAR
The Central Board of Direct Taxes has through, Income-tax (7th Amendment) Rules, 2014, notified new Forms of tax audit reports namely Form No. 3CA, 3CB and 3CD.The said notification can be downloaded from the link below:
https://incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF/Notifica...
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In a move towards IFRS, Tax Accounting Standard on cards
Posted Date : 31-Jul-2014 , 08:47:13 am | Posted By CASANSAAR
As part of an integrated exercise for introduction of a new Indian Accounting Standard (Ind AS), the Government has initiated moves to put in place a Tax Accounting Standard (TAS) too.
The simultaneous exercises, experts told BusinessLine, will avoid confusion in determining taxable co...
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A S Durga Prasad & P V Bhattad elected as new ICAI President & Vice President
Posted Date : 25-Jul-2014 , 08:41:17 am | Posted By CASANSAAR
A S Durga Prasad has been elected as the new President of the Institute of Cost Accountants of India (ICAI).
The members elected P V Bhattad as Vice President of the apex body of cost accountants. Both have been elected for 2014-15 year.
Prasad has more than 37 years of exper...
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Recognition of Seniority of A CA Firm on its Conversion To LLP - Policy of O/o C&AG
Posted Date : 22-Jul-2014 , 07:08:23 pm | Posted By CASANSAAR
In respect of “Recognition of seniority of a CA Firm on its conversion to LLP”, the O/o C&AG has informed as under:(a) The LLP firms registered with ICAI only will be considered for empanelment.(b) The seniority of such firms will be maintained as per policy in-vogue based on the poi...
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Institute of Cost Accountants of India land deals under lens
Posted Date : 22-Jul-2014 , 05:08:17 pm | Posted By CASANSAAR
The statutory authority that sets auditing standards to keep an eye on India Inc's cost records is now accused of gold-plating its own costs. A magistrate's court in Pune on July 19 directed Maharashtra police to register a formal complaint against executive members of the Institute of Cost Accounta...
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Entire Central Council of Cost Accountants of India Resigns
Posted Date : 21-Jul-2014 , 08:00:36 am | Posted By CASANSAAR
The row over the Cost Audit Rules introduced under the Companies Act has reached a flash point as the entire central council of the Institute of Cost Accountants of India (ICAI) submitted its resignation to Finance Minister Arun Jaitley, who also has the charge of the c...
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Ready with updated Indian accounting standards: ICAI
Posted Date : 14-Jul-2014 , 08:21:00 am | Posted By CASANSAAR
With the country gearing up for new accounting regime, apex body of chartered accountants ICAI has said it is ready with updated accounting standards that are converged with global norms.
The Institute of Chartered Accountants of India (ICAI) has been working on the new Indian Accoun...
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Result of the Information Systems Audit [ISA] Assessment Test held on 28th June, 2014 is likely to be declared on 16th July, 2014
Posted Date : 12-Jul-2014 , 12:49:01 pm | Posted By CASANSAAR
The result of the Information Systems Audit [ISA] AssessmentTest held on 28th June, 2014 is likely to be declared on 16th July, 2014 around 4.00 PM at the Institute’s office at New Delhi.
The result of the above Assessment Test will be available on the Institute’s website www.ic...
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New Cost Audit rules 'defies logic': ICAI
Posted Date : 06-Jul-2014 , 08:53:45 am | Posted By CASANSAAR
Seeking review of the rules, cost accountants' apex body ICAI said it excludes several industries from the cost audit ambit and that the new norms “defy logic".
The Corporate Affairs Ministry, which is implementing the new companies law, came out with revised rules for cost records an...
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ICAI to launch TV channel on Aug 15
Posted Date : 05-Jul-2014 , 08:44:34 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) will use the DTH platform of the Ministry of Human Resource Development to launch its TV channel on August 15.
ICAI President K. Raghu said the proposed move would benefit nearly 8.3 lakh students pursuing the chartered accountancy cour...
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Call to review Bank Branch Audit Norms
Posted Date : 04-Jul-2014 , 08:33:29 am | Posted By CASANSAAR
The Narendra Modi-led Government should review the existing bank branch audit norms, K Raghu, President of the CA Institute, has said.
All bank branches in the country should be subjected to financial audit, Raghu suggested to the Finance Minister during an event here to markthe Chartered A...
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ICAI Signs Memorandum of Understanding with the Saudi Organization for Certified Public Accountants
Posted Date : 20-Jun-2014 , 08:28:44 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India signed a Memorandum of Understanding with the Saudi Organization for Certified Public Accountants (SOCPA) yesterday at ICAI Bhawan, New Delhi. The MoU interalia provides that both ICAI and SOCPA would be working together in establishing possible c...
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Differently abled CA Sarika Jain clears Civil Services Exam in first attempt
Posted Date : 14-Jun-2014 , 08:30:07 am | Posted By CASANSAAR
Not letting her disability come in the way of reaching her goals has become Sarika Jain's second nature. The polio stricken Odisha woman has cleared the civil service examination in her first attempt, two years after qualifying the tough Chartered Accountancy exam.
&nb...
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Invitation for developing Study Materials for different modules of Master in Business Finance Certificate Course - ICAI
Posted Date : 11-Jun-2014 , 02:47:48 pm | Posted By CASANSAAR
The Committee on Management Accounting (CMA) of ICAI is conducting One Year Certificate Course on Master in Business Finance. CMA invites expression of interest from the authors, faculty of finance and professionals to contribute in developing Study Materials for different modules. List of d...
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30 lakh Cost Accountants needed in next two years, says ICAI chief
Posted Date : 07-Jun-2014 , 09:00:10 am | Posted By CASANSAAR
In the next two years, India may require 30 lakh cost accountants to meet the fast-tracking growth of companies, according to P. Raju Iyer, chairman of the Southern India Regional Council of the Institute of Cost Accountants of India.
He made the observation after signing a Memorandum of Un...
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ICAI |
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ICAI disciplinary panel decisions were forged
Posted Date : 23-May-2014 , 09:48:55 am | Posted By CASANSAAR
One more controversy has erupted in the Institute of Chartered Accountants of India (ICAI). The premier body of financial watchdogs had been in the news over a land purchase scandal at Nagpur a couple of years ago.A member of the institute's disciplinary committee has formally registered a com...
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Observers Portal developed by ICAI for CA Examinations May/June 2014
Posted Date : 20-May-2014 , 06:02:50 pm | Posted By CASANSAAR
May 20, 2014
A web portal, http://observers.icaiexam.icai.org has been developed and put in place, for handling the activities relating to Observers, for the Intermediate (IPC), Final and Post qualification course (IRM) examinations to be held in May/June 2014.The portal will be accessibl...
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Announcement on prohibition to undertake the assignment of audit and accounting work together for the same entity - ICAI
Posted Date : 20-May-2014 , 04:31:14 pm | Posted By CASANSAAR
It has come to the knowledge of some members that certain entities , while inviting tenders for services of chartered accountants for the assignment of statutory audit , are mentioning accounting and book keeping related works in the scope of works required to done by the auditor. Members are h...
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Zone Shifting of Candidates for May / June 2014 CA Exams - ICAI
Posted Date : 01-May-2014 , 07:25:09 pm | Posted By CASANSAAR
IMPORTANT ANNOUNCEMENT
May 1st, 2014
Subject: Zone-shifting of candidates for May / June - 2014 CA Exams
Due to paucity of accommodation in certain Zones opted by the candidates in the cities of Chennai, Delhi, Hyderabad, Indore and Mumbai, some of the candidates have bee...
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