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ICAI releases Exposure Draft on proposed Merger & Demerger Guidelines, Invites Public Comments
The Institute of Chartered Accountants of India ( ICAI )'s Committee for Aggregation of CA Firms ( CACAF ) is seeking public feedback on proposed...
ICAI Reprimands CA for Neglecting LLP's Service Tax and Wife's LLP return Filing Fees in Audit Report
The Institute of Chartered Accountants of India ( ICAI ) has reprimanded the Chartered Accountant ( CA ) with a fine of Rs. 25,000/- for neglecting the service tax payment of the Limited Liability...
ICAI imposes Rs. 1.25L Fine on CA for Deliberate Methodology Change for NAV Calculation, Causing Loss [Read Order]
The Institute of Chartered Accountants of India ( ICAI ) has reprimanded the Chartered Accountant ( CA )Â with a fine of Rs. 1.25 lakhs for adopting a different methodology deliberately for...
Limitation of Number of Tax Audits by CAs in a Year: Impact Analysis of Latest Supreme Court Decision upholding ICAI Rule
On May 17, 2024, the Supreme Court upheld a regulation by the Institute of Chartered Accountants of India ( ICAI ), capping the number of tax audits a Chartered Accountant ( CA ) can undertake to 60...
ICAI Finds CA Guilty of Professional Misconduct for Failing to Verify Director Eligibility in e-Forms Certification [Read Order]
The Institute of Chartered Accountants of India ( ICAI ) found the Chartered Accountant ( CA ) guilty of professional misconduct for failing to exercise due diligence and also failed to check that...
ICAI Debars CA for 2 Months with Fine for Negligence in Certifying SPICe Form for Fintech Company and Rental Agreement [Read Order]
The Institute of Chartered Accountants of India ( ICAI ) recently imposed disciplinary action against a Chartered Accountant ( CA ), citing negligence in certifying crucial documents for a Fintech...
