ICAI’s Policy on Extremely Low Fee Quotations in Tenders: Disciplinary Ethical Implications & Practical Guidance Very Important Decision by ICAI to Curb Unethical Fee Undercutting A welcome and much-needed step by the Institute of Chartered Accountants of India to protect the dignity, quality, and sustainability of the profession. What has ICAI decided? As per the …
ICAI ISSUES NEW CODE OF ETHICS FOR CA FIRM : SOP ON ADVERTISING, BRANDING & PROMOTION : EFFECTIVE 1 APRIL 2026: The Institute of Chartered Accountants of India has issued a press release dated 12 December 2025, and for chartered accountant firms—as per the ICAI Code of Ethics, effective 1 April 2026—the following conclusion is …
How AI, Big Data, and Tax Intelligence Are Transforming the CA Profession in India With the rapid rise of artificial intelligence, big data, and tax intelligence, the role of chartered accountants in India is undergoing a fundamental transformation. Chartered accountants today are no longer expected to be only compliance executors. Clients increasingly expect speed, accuracy, …
The Supreme Court: CA DO NOT NEED a Minimum of 25 Years of Experience for Technical Member Breaking News for CAs: Important Clarification for CA’s by CJI The Supreme Court explicitly clarified Chartered Accountants do NOT need 25 years’ experience to become Technical Members of tribunals like the Income Tax Appellate Tribunal. This ruling upholds …
Less Than One % of Accounting Firms Have More Than ten Partners Each Indian government’s plan to finalize revised guidelines by March to encourage the creation of large audit and consultancy firms, aiming to build a domestic equivalent of the global “Big Four” (EY, Deloitte, KPMG, PwC). The government is set to finalise reforms by …
CAs may Soon Get to Advertise their CA Firms The article emphasizes that this change will modernize the profession, improve client awareness, and create a level playing field for Indian firms globally. Summary of Key Points Regulatory Change Underway : The government is likely to amend laws governing chartered accountancy to relax restrictions on advertising …
Important tax rules related to foreign travel, Important tax rules related to foreign travel, especially in light of new provisions effective from 1 April 2025. Are you planning your dream international getaway? While you map out your itinerary and budget, don’t overlook the tax rules that could apply to your trip. Here’s everything you need …
Credit Note Deduction under GST – New Compliance Alert! As per CBIC Circular No. 212/6/2024 dated 26-06-2024, issuance of a Credit Note alone is no longer sufficient for claiming tax deduction under GST. The supplier must obtain a CA/CMA certificate to claim a deduction on tax via credit notes, confirming that The recipient has reversed …