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Chartered accountants' apex body ICAI has sought tax benefits for promoting climate change mitigation strategies and a separate section for income from shares and securities in the income tax returns form. Besides, the Institute of Chartered Accountants of India (ICAI) has sought a special tax regime for partnership firms and limited liability partnerships (LLPs) as well as simplification of income tax return forms. The institute on Friday said it has advocated for prudent tax reforms aimed at fostering economic growth and encouraging environmental sustainability in the pre-Budget Memorandum 2025. "Provision of tax benefits for promoting climate change mitigation strategies, which will not only contribute to India's climate change goals but also drive economic growth by promoting sustainable business practices is a suggestion in this direction," it said in a release. Among other suggestions, ICAI has proposed a new head to show income from shares and securities that will have ...
In October, the ICAI moved to introduce SQM1 and SQM2, along with 16 related changes to auditing norms
ICAI CA Final Result November 2024 result has been released today, December 26. Candidates should achieve a minimum of 40% in each subject and a total of 50% overall to clear the subject
Byju's financial disclosures had come under ICAI's scanner because of a 22-month delay in the submission of its financial reports
ICAI expects to finalise the international networking guidelines for Indian chartered accountant firms this fiscal, its President Ranjeet Kumar Agarwal said on Monday, as efforts continue to have big domestic CA firms that can compete globally. Currently, there are no guidelines for international networking of Indian CA firms. The Institute of Chartered Accountants of India (ICAI), which has more than four lakh members, is also working on ways as part of larger efforts to make the country a global accounting and auditing hub. Agarwal said at a briefing in the national capital that the institute is working on the international networking guidelines as the target is to make Indian CA firms bigger and global. With respect to aggregation of CA firms, the institute has charted out some strategies and steps have already been taken in this regard. For instance, if two CA firms are merging, they were earlier not allowed to demerge after five years of the merger. The time period has been .
The criteria may include mandatory completion of Forensic Standards Course and ICAI membership
'Only govt can take final call on audit standards'
The NFRA, after its board meet, has suggested revisions to 40 Standards on Auditing
ICAI has declared a mock test timetable for the Jan 2025 CA Inter exams with Series-I on Nov 18 and Series-II on December 9. Both physical and online are available for registered candidates
ICAI feels that given the complexities of the Indian market, the revised standards will concentrate audit work in the hands of a few big firms
ICAI announced CA inter and foundation results today. Mumbai's Parami Umesh Parekh secured the top position, followed by Chennai's Tanya Gupta and New Delhi's Vidhi Jain
The ICAI released the CA Foundation and Intermediate exam results for the September 2024 session on October 30. Candidates can check their results using registration and roll numbers
According to reports, ICAI is likely to announce CA foundation results before Diwali, while CA intermediate results may be declared by mid-November
The ICAI has released the CA Final Admit Card 2024 for the November exam. Candidates for the final course exam can download it through the official website of ICAI services at eservices.icai.org
Not only SA 600 but Principal Auditors must fulfil duties under Companies Act 2013, it says
The NFRA report highlights serious violations of Section 144 of the Companies Act, which bans firms from offering certain non-audit services to their audit clients
Chartered accountants' apex body ICAI on Monday announced the setting up of a dedicated group to suggest more stress management measures and will also introduce a counselling help desk against the backdrop of the death of a chartered accountant due to alleged work pressure. The institute will also develop peer support networks where members can share experiences, seek advice, and collaborate to address challenges related to stress management. Chartered accountant Anna Sebastian Perayil recently died allegedly due to extreme work pressure. She worked with S R Batliboi, a member firm of EY Global. The dedicated group will work on introducing measures to improve work-life balance and for managing stress within the profession, ICAI said in a release. Also, a special counselling help desk will be introduced within ICAI's national call centre (9997599975) that will be dedicated to assisting members with stress management and work-life balance concerns. The Institute of Chartered Account
The NFRA's proposed change stems from the alleged audit failures at companies like Reliance Capital Ltd., Coffee Day Global Ltd
The revised standards hold that the group auditor is ultimately responsible for the audit
The difference of opinion between ICAI and NFRA on the revision of auditing standards in India has come to the fore once again