Professional Resource News
Supreme Court's Verdict on Tax Audit Limits: Implications for CAs and MSMEs
06 June 2024 at 14:50The Hon'ble Supreme Court of India delivered a significant judgment on May 17, 2024 in the case related to Tax audit limit under Section 44AB of Income Tax Act,1961
FM Nirmala Sitharaman urges ICAI to set up 'Big 4'- like Indian Firm
23 May 2024 at 08:47In a dynamic call to action, Finance Minister Nirmala Sitharaman on Tuesday urged the Bihar chapter of the Institute of Chartered Accountants of India (ICAI) to spearhead the creation of a formidable Indian auditing firm.
ICAI to Issue Global Networking Guidelines for Indian CA Firms
18 May 2024 at 08:24The Institute of Chartered Accountants of India (ICAI) will soon introduce international networking guidelines to aid domestic firms in expanding their global presence, ICAI President Ranjeet Kumar Agarwal announced.
Supreme Court Upholds ICAI Rule Limiting CAs to 60 Tax Audits Per Year
17 May 2024 at 14:49In a significant ruling on Friday, May 17, the Supreme Court upheld the rule established by ICAI, which limits CAs to accepting no more than 60 tax audit assignments per financial year.
ICAI Calls for Additional Information for MEF 2023-24 Applicants
02 May 2024 at 08:46Professional Development Committee (PDC) seeks additional information in respect of MEF 2023-24 for preparation of panel for appointment / re-appointment of Statutory auditors
ICAI submits Pre-Budget Memorandum to CBDT advocating Tax Reforms
01 May 2024 at 09:00The Institute of Chartered Accountants of India (ICAI) has put forth a series of recommendations in its Pre-Budget Memorandum 2024, urging for targeted tax deductions and incentives.
Redefining Accountancy in the AI Era: Insights from ICAI President
01 May 2024 at 08:59Amidst the dynamic landscape of technological advancements, Artificial Intelligence emerges as a radiant constellation, charting the course towards a future where innovation and technology intersect to redefine human potential.
ICAI Sets Rules for Aggregation of Domestic CA Firms in 3 Months
29 April 2024 at 08:46In a recent interview, the President of The Institute of Chartered Accountants of India (ICAI) unveiled plans to introduce comprehensive guidelines aimed at enhancing the competitiveness of domestic chartered accountant (CA) firms.
ICAI President Clarifies Misinterpretation of Finance Minister's Comments on Chartered Accountants
25 April 2024 at 19:53In response to recent misinterpretations of remarks made by the Hon'ble Finance Minister during an event in Bengaluru, CA Ranjeet Kumar Agarwal has issued a clarification to ensure the accurate understanding of the Minister's intentions.
ICAI Introduces New Disciplinary Mechanism to Combat Professional Misconduct
15 April 2024 at 16:50As a statutory body regulating the profession of Chartered Accountancy in India, the ICAI has had a long and glorious history in its 71 years of existence as the second-largest Institute in the world
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