Audit vs. Non-Audit Cases: Practical Filing Tips
Taxpayers in India are categorized into audit and non-audit cases based on their turnover, income sources, and compliance obligations. This...
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...
CA Employed in Govt Organisation Continuously for 8 Years while Holding Full-Time CoP: ICAI Finds CA Guilty of Professional Misconduct
The Board of Discipline of the Institute of Chartered Accountants of India ( ICAI ) decided to remove the name of the of a Chartered Accountant ( CA ) who remained employed with a state government...
ICAI imposes Penalty of Rs 90,000 on CA Conducting More Than 45 Tax Audits u/s 44AB in F.Ys. 2010-12 Against Guidelines
The Institute of Chartered Accountants of India (ICAI) imposed sanctions on a Chartered Accountant (CA) who conducted over 45 tax audits under Section 44AB of the Income Tax Act, 1961, during the...
ICAI imposes Rs. 5 Lakh and 3 months Probation on CA for exceeding No. of Tax Audits u/s 44AB [Read Order]
The Disciplinary Committee (DC) of Institute of Chartered Accountants of India (ICAI) recently imposed a penalty of Rs. Five Lakhs along with 3 months of probation period on Chartered Accountant...
No Cognitive Evidence which proves change in Stock Valuation method: ITAT upholds Order of CIT(A) [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai Bench has upheld the order of CIT(A) which deletes the addition, as there was no cognitive evidence which proves the change in the stock valuation...
![No Cognitive Evidence which proves change in Stock Valuation method: ITAT upholds Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/cognitive-evidence-stock-valuation-method-ITAT-CITA.jpg "No Cognitive Evidence which proves change in Stock Valuation method: ITAT upholds Order of CIT(A) [Read Order]")
ICAI finds Two Chartered Accountants Guilty of Professional Misconduct for crossing Specified Limit of Tax Audits [Read Order]
The Institute of Chartered Accountants of India (ICAI) has found two Chartered Accountants guilty of professional misconduct for crossing the specified limits of tax audits. The charge against...
