What is the Salary of a Chartered Accountant in India?
The Evolution of the Chartered Accountant Profession in India The profession of Chartered Accountancy ( CA ) in India dates back to 1949 when the Institute of Chartered Accountants of India ( ICAI ) was
Two CAs get nabbed by ED in Rs. 640 Cr Cyber Fraud, ICAI remains Silent
The Enforcement Directorate (ED) has arrested two chartered accountants (CA) and a cryptocurrency trader in connection with a Rs 640 crore money laundering scheme linked to a cyber fraud investigation. Between November 28 and 30,
CIT(A) Deleted Income Tax Additions w/o Considering AO’s Observations: ITAT Remands Matter Back for Reconsideration [Read Order]
In a recent ruling, the Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) remanded a case back to the Commissioner of Income Tax (Appeals) [CIT(A)] for reconsideration noting that the CIT(A) deleted
Financial Analyst Vacancy in VISA
VISA invited applications for the post of Financial Analyst. Qualification: Chartered Accountant or CPA preferred but not required Attention to detail and highly organized Strong leadership and interpersonal skills Strong business analysis skills, excellent verbal
Income Tax Case Digest: Addition on Cash Deposits – Part 2
Unexplained cash deposits have been a focal point of scrutiny in the Indian income tax framework. Section 69A of the Income Tax Act, 1961, is a crucial provision empowering tax authorities to tax unaccounted assets,
Incorrect Dues Dates Considered: KSCAA writes to CBDT on Incorrect ITR Processing by CPC
The Karnataka State Chartered Accountants Association ( KSCAA ) has made its representation before the CBDT on the incorrect processing of Income Tax Returns ( ITR ) by the CPC. The key issues raised by
Justice Vibhu Bakhru appointed as Acting Chief Justice of Delhi HC
Under Article 223 of the Constitution of India, the President has appointed Justice Vibhu Bakhru, a sitting judge of the Delhi High Court, as the Acting Chief Justice. This decision came as soon as Justice
Unexplained Cash Deposits u/s 69A: ITAT Remands Case to AO for Reassessment citing Natural Justice Violation [Read Order]
In a recent ruling, the Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) held that the principles of natural justice demand the reassessment of a case if one party was not given
ICAI Launches GPT Modules to Empower CAs and Students: Know GPTs and its Benefits
The Institute of Chartered Accountants of India ( ICAI ) has launched AI-powered ICAI CA GPT modules. These tools are designed to change how Chartered Accountants and students learn, manage compliance, and carry out professional
CA, ACCA, B. COM Vacancy in EY 
The EY invited applications for the post Manager, Finance Operations & Accounting. Qualification  B.COM/M.COM with overall 7 - 15 Years of experience Chartered Accountant (CA/ACCA) or Cost Accountant CWA/Certified Public Accountant (CPA) with at least 7
Sale of Building Prior to Completion of Construction Constitutes Works Contract: CESTAT in Adani Estate Case [Read Order]
The Ahmedabad bench of Customs Excise & Service Tax Appellate Tribunal ( CESTAT ), in the matter of Adani Estate, ruled that sale of building prior to completion of construction constitutes works contract. The appellant,
MCA faces Fire from Professionals and Business Owners as LLP, Company Processes Delayed, Portal throws Errors
In recent months, the Ministry of Corporate Affairs (MCA) has come under intense scrutiny from professionals and business owners alike, facing backlash over significant delays and persistent technical glitches in the process of incorporating Limited
Section 80 P under Income Tax Act,1961: Case Digest on Recent Decisions
Section 80P of the Income Tax Act, 1961, provides tax deductions to cooperative societies, allowing them to claim exemptions on their income. This section aims to promote and support the growth of cooperative societies in
ICAI releases Do’s and Don’ts for Council Election 2024 Candidates
The Election Cell of the Institute of Chartered Accountants of India ( ICAI ) on 29th November, 2024 released instructions for all Candidates of the impending quadrennial Council Election. The Elections slated to be on
ITAT Restores Trust’s Corpus Donations Case for Fresh Hearing Over Notice and Email ID Issues [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) restored the trust’s corpus donation matter for a fresh hearing due to the trust’s non-compliance caused by the lack of awareness of notice