HC calls bigamy moral turpitude, okays ban on CA
Posted Date : 04-May-2013 , 08:13:20 am | Posted By CASANSAAR
Holding that bigamy is 'moral turpitude', the Madras high court has upheld the ban on a chartered accountant from practising on the ground of bigamy. P Mohanasundaram, a Chennai-based chartered accountant, was removed from the register by the Institute of Chartered Accountants of India in ...
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NIRC are organising Convocation only for the Members enrolled during the month of March, 2012 to August, 2012
Posted Date : 02-May-2013 , 05:29:52 pm | Posted By CASANSAAR
The Northern Regional Office of ICAI is arranging Convocation – 2013 on 17th May, 2013 for the Members enrolled during the month of March, 2012 to August, 2012. Scripts of Certificate of Membership and Certificate of Practice will be distributed in the presence of the President and Vice-...
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Valuation Course Exam to be held on 26th May, 2013 - ICAI
Posted Date : 01-May-2013 , 05:40:22 pm | Posted By CASANSAAR
CLCGC/V/1/2013
April 22nd, 2013
Certificate Course on Valuation, Examination to be held on 26th May, 2013
Dear Participants;Written Exams to be held on 26th May, 2013 (Sunday) from 10 AM to 1 PM . Please bring your membership card / Final year mark shee...
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ICAI |
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ICAI Study Tour to Sydney and Melbourne September 18-23, 2013
Posted Date : 30-Apr-2013 , 04:24:05 pm | Posted By CASANSAAR
The Australia and India have enjoyed a special bonding in terms of their move to a regional economic operation and in terms of services sector in general and accountancy sector in particular. Both countries share common cultural and linguistic ties as both are part of the Commonwealth of Nat...
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Member Fee Circular Performa 2013-14 - ICAI
Posted Date : 25-Apr-2013 , 03:42:56 pm | Posted By CASANSAAR
LAST DATE FOR PAYMENT OF FEES:30TH SEPTEMBER,2013
...
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CA staffer carrying Rs 1 crore arrested
Posted Date : 17-Apr-2013 , 08:56:39 am | Posted By CASANSAAR
A 46-year-old employee of a Chartered Accountant was held with around Rs 1 crore, which he allegedly could not account for, in Grant Road area Tuesday evening. Police said the accused, Mohammad Islam Shaukat Ali Khan, was traveling in a BEST bus when it was stopped for a check at a nakabandi.
...
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Revised Announcement for Empanelment as a Technical Reviewer with the Quality Review Board
Posted Date : 15-Apr-2013 , 05:11:43 pm | Posted By CASANSAAR
Dated: 14th February, 2013
Revised Announcement for Empanelment as a Technical Reviewer with the Quality Review Board
The Government of India has, in exercise of the powers conferred by Sec. 28A of the Chartered Accountants Act, 1949, constituted a Quality Review Board to perfor...
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Age factor of senior members of ICAI reduced from 65 to 60 years for subsidized annual membership fees
Posted Date : 12-Apr-2013 , 06:56:39 pm | Posted By CASANSAAR
Age factor of senior members of ICAI reduced from 65 to 60 years for subsidized annual membership fees.
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Invitation of Expression of Interest (EOI) for Developing E-learning Modules on Ind AS
Posted Date : 10-Apr-2013 , 08:45:07 pm | Posted By CASANSAAR
1. Preamble and Introduction
About Ind AS (IFRS) Implementation Committee
Ind AS (IFRS) Implementation Committee (hereinafter referred to as ‘Committee’) is anon-standing Committee constituted by the Institute of Chartered Accountants of India(hereinafter referred to as ‘...
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Guidance Note on Report Under Section 92E of the Income Tax Act, 1961 (Transfer Pricing) - ICAI
Posted Date : 09-Apr-2013 , 07:00:49 pm | Posted By CASANSAAR
Dear Members,It gives me immense pleasure to inform you that ICAI has recently released the Guidance Note on Report Under Section 92E of the Income Tax Act, 1961 (Transfer Pricing). The law relating to transfer pricing is dynamic and the members of the Institute are getting acquainted with the pract...
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ICAI |
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Revised Format of Bank and Bank Branch Audit Report Formats
Posted Date : 09-Apr-2013 , 07:59:56 am | Posted By CASANSAAR
As the members undertaking bank central and/ or branch audits of nationalized banks are aware, the Institute of Chartered Accountants of India has prescribed the illustrative formats of audit reports of banks as well as bank branches, which are in line with the requirements of the RevisedS...
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ICAI |
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ICAI are planing for 24X7 television channel to expand reach
Posted Date : 08-Apr-2013 , 10:18:58 pm | Posted By CASANSAAR
In an unique move, the Institute of Chartered Accountants of India (ICAI), a professional body which conducts the chartered accountancy course in the country, is planning to launch its own 24X7 TV channel to expand reach.
“This will be a unique move as the channel will help the studen...
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CAs to soon offer free auditing services
Posted Date : 05-Apr-2013 , 06:43:07 am | Posted By CASANSAAR
The call for Corporate Social Responsibility (CSR) by the corporate affairs ministry has turned into a Professional Social Responsibility (PSR) for lakhs of Chartered Accountants (CAs) who may soon provide free auditing and accounting services in the country.
Institute of Chartered Accounta...
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ICAI |
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1 | Hits : 3145
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Ludhiana Assistant IT Commissioner, Jalandhar CA, caught in bribery case
Posted Date : 04-Apr-2013 , 09:00:01 am | Posted By CASANSAAR
The CBI on Wednesday allegedly caught red-handed a deputy commissioner of the Ludhiana Income Tax (I-T) department accepting a bribe of Rs 6 lakh from a businessman. The agency's anti-corruption branch also picked up a Jalandhar-based chartered accountant (CA) Ashwani Kumar Gupta for allegedly actin...
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ICAI |
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ICAI seeks information from banks on Deccan Chronicle but no letters to Auditors of the Co.
Posted Date : 03-Apr-2013 , 08:54:10 am | Posted By CASANSAAR
Accounting regulator ICAI said it has sought information from banks regarding media group Deccan Chronicle Holdings Ltd (DCHL). "We have written to the appropriate authority to get information... We have written to banks regarding Deccan Chronicle (issue)," Institute of ...
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ICAI |
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ICAI asks firms to show forex fluctuations as separate item
Posted Date : 03-Apr-2013 , 08:44:24 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) plans to advise companies to show separately the impact of currency fluctuations on their long-term foreign currency transactions from the current fiscal.
The regulator has asked the companies to put this item on the "equity and liabili...
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Exposure Draft Financial Instruments: Expected Credit Losses (Last date for sending comments: April 30, 2013)
Posted Date : 26-Mar-2013 , 06:17:16 pm | Posted By CASANSAAR
The main objective in developing this proposal is to provide users of financial statements with more useful information about the expected credit losses on financial assets and on commitments to extend credit. This objective is addressed through the proposed model, which provides information about e...
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ICAI |
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Nothing is Impossible. Self-confidence, hard work & dedication are the keys to achieve success-CA topper Prema
Posted Date : 10-Mar-2013 , 10:56:57 am | Posted By CASANSAAR
“Nothing is impossible. Self-confidence, hard work and dedication are the keys to achieve success.” Motivating other students like her, said young Prema Jayakumar, daughter of an auto-rickshaw driver. Prema hit the headlines recently by surmounting many odds to emerge as the to...
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ICAI |
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CA Rajesh murder case: High Court stays final verdict
Posted Date : 09-Mar-2013 , 08:44:42 am | Posted By CASANSAAR
The Punjab and Haryana High Court on Friday stayed the final verdict against four accused in the murder of Rajesh Goyal, a chartered accountant, in his Sector-42 office. This was conveyed to the court of District and Sessions Judge on Friday.
Iqbal Singh Sabarwal, one of the witnesses and G...
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Advocates only can appear before Income Tax Authorities
Posted Date : 08-Mar-2013 , 08:42:07 am | Posted By CASANSAAR
In a very interesting move which may not be a good news for practicing CA, CS, CMA etc. who are engaged in practice in the area of Law and taxation, Rajasthan Tax Bar Association have filed a petition before Chief Commissioner of Income Tax (CCIT), Rajasthan and urged...
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CA's in Demand, Initial pay package for newly qualified CA's Rs. 6 to 7 Lakh - ICAI Vice President
Posted Date : 07-Mar-2013 , 02:48:19 pm | Posted By CASANSAAR
Referring to placements for CAs, K. Raghu the newly elected Vice-President of the ICAI said there has been campus recruitment across 22 locations in 350 colleges where newly qualified CAs are offered a initial pay packet in the range of Rs 6 to 7 lakhs.
Qualified CAs not only get good ...
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ICAI Invites Applications from Highly Competent Candidates for the Positions of SECRETARY, TECHNICAL DIRECTOR and DIRECTOR (TAXATION)
Posted Date : 04-Mar-2013 , 02:45:16 pm | Posted By CASANSAAR
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA(Premier professional body set up by an Act of Parliament)ICAI Bhavan, Indraprastha Marg, Post Box No. 7100, New Delhi 110 002.
ICAI invites applications from highly competent candidates for the positions ofSECRETARY,TECHNICAL DIRECTORa...
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Announcement regarding Applicability of the Revised Audit Report Formats (including for bank/ bank branch audit reports) and Reporting in respect of Memorandum of Changes in Bank Audit Reports
Posted Date : 27-Feb-2013 , 02:02:49 pm | Posted By CASANSAAR
ANNOUNCEMENT FOR THE ATTENTION OF THE MEMBERSApplicability of the Revised Audit Report Formats (including for bank/ bank branch audit reports) and Reporting in respect of Memorandum of Changes in Bank Audit Reports
1. Members are requested to note that the audit report...
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ICAI branch election counting- Mismanagement by ICAI
Posted Date : 25-Feb-2013 , 01:04:34 pm | Posted By CASANSAAR
Total mismanagement has been seen at the time of counting of branch elections at Noida. Lots of branch level candidates and members of ICAI protested and forwarded a letter to ICAI President, Vice President and all council members.
CASANSAAR Team got a copy of complaint made by the members ...
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SAT reduces penalty on CA firm owner to Rs 3 lakh in BoR case
Posted Date : 24-Feb-2013 , 09:55:51 pm | Posted By CASANSAAR
The Securities Appellate Tribunal (SAT) has reduced the penalty imposed by Sebi on an individual from Rs 6 lakh to Rs 3 lakh in relation to non-compliance with the market regulator's summons over probe in affairs of erstwhileBank of Rajasthan (BoR).
Securities and E...
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Exposure Draft of Excel Template of Taxonomy for Non-Banking Financial Companies (NBFCs)
Posted Date : 21-Feb-2013 , 10:12:21 pm | Posted By CASANSAAR
While the filing of the financial statements in XBRL format had begun for a class of companies, NBFCs were kept outside the purview, despite the fact that these companies also followed the Schedule VI format. Owing to peculiar nature of business as compared to the other Commercial ...
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No need to inform other bidders, said ICAI's President
Posted Date : 14-Feb-2013 , 08:11:06 am | Posted By CASANSAAR
Certain decisions in the now cancelled Rs 100 crore land deal, which caused major embarrassment to Institute of Chartered Accountants of India (ICAI), indicate a clear tilt towards a single vendor. TOI has a copy of the fact finding committee's report, which has an annexure of answers by t...
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ICAI, RBI to soon discuss accounting standards for banking cos
Posted Date : 13-Feb-2013 , 08:27:37 am | Posted By CASANSAAR
Accounting regulator ICAI will soon hold discussions with the Reserve Bank of India on implementation of IFRS standards by banking companies.
The Institute of Chartered Accountants of India (ICAI) has also submitted a tentative roadmap for IFRS implementation to the Corpora...
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CA.Subodh Kumar Agrawal President & K.Raghu Elected as Vice President of ICAI
Posted Date : 12-Feb-2013 , 02:26:28 pm | Posted By CASANSAAR
CASANSAAR Team Congrats Newly Elected President & Vice President of ICAI.
CA.Subodh Kumar AgrawalPresident, ICAI2013-14
CA.K.RaghuVice Presidet, ICAI2013-14
...
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No going back on national financial reporting authority (NFRA) : Sachin Pilot said at ICAI annucal function
Posted Date : 12-Feb-2013 , 08:43:47 am | Posted By CASANSAAR
The chartered accountants’ fraternity must work hard to maintain the “integrity” and “credibility” of the profession, exhorted Corporate Affairs Minister Sachin Pilot.
As India becomes more relevant to a globalised economy, the expectations will only be on the ...
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