Chartered Accountants
ICAI Council: Restricting revocation of UDINs within 48 hours
RJA 25 Jun, 2023
ICAI: Restricting revocation of UDINs within 48 hours ICAI Important New Announcement on Restricting revocation of Unique Document Identification Number (UDINs) within 48 hours– The Institute of Chartered Accountants of India -Council, in its 420th meeting held on 23rd-24th March, 2023, decided that revocation of Unique Document Identification Number (UDINs) would ...
Chartered Accountants
Applicability of laws of the PMLA on CA's, CS’s & CWAs
RJA 11 May, 2023
One Significant Development - PMLA will now apply to CAs CSs, & CWAs The laws of the PMLA will now apply to CAs, CSs, and CWAs, forcing them to comply with several obligations such as keeping financial transaction records, identifying and authenticating clients, and reporting suspicious transactions to ...
Chartered Accountants
ICAI : CA can be Director Simpliciter or Professional Director
RJA 21 Mar, 2023
ICAI Decision: CA can be Director Simpliciter/Professional Director According to a recent ruling by the Institute of Chartered Accountants of India (ICAI) Board of Discipline, a Chartered Accountant in practise is not guilty of professional misconduct if they serve as a Director Simpliciter or Professional Director. A Member of ...
Chartered Accountants
Beneficiary Schemes for the Chartered Accountants : ICAI
RJA 13 Mar, 2023
Beneficiary Schemes for the Chartered Accountants Members of ICAI: The chartered accountancy profession is regulated in India by the Institute of Chartered Accountants of India (ICAI), which also establishes accounting standards and provides professional development courses. he Institute of Chartered Accountants of India have come up with new mediclaim ...
Chartered Accountants
Implications on statutory Auditor if mistake in Schedule III Format
RJA 25 Sep, 2022
What are the implications for statutory auditors in case a mistake happens Schedule III Format? No reporting or qualification in his statutory Audit Reporting with respect to mistakes or omissions in the audited financial statements vis-à-vis format specified by Schedule III of Companies Act, 2013 is being taken as ...
Chartered Accountants
ICAI issue Notice to CA Firms on violate Company Law Via Chinese Co.
RJA 11 Aug, 2022
ICAI issue Notice to CA Firms on violate Company Law Via Indian subsidiaries Chinese Co. About 200 CA firms have received Disciplinary Notices from the ICAI for allegedly engaging in or assisting Chinese firms that were violating the law through Indian subsidiaries and shell entities. Considering the extensive alleged/complained by ...
Chartered Accountants
Required to fill Clause 44 of Form 3CD under Tax audit
RJA 11 Aug, 2022
Needed to fill Clause 44 of Form 3CD under Tax audit If you are subjected to an Income Tax audit provision, you must shall adhere by Clause 44 of Form 3CD. Tax Auditor Reporting under the Tax Audit Report clause No 44 under the Form 3CD of Tax Audit Report Under Income ...
Chartered Accountants
Chartered to keep our Business Guide and Protector role
RJA 01 Jul, 2022
What is Chartered accountants? An internationally recognised financial expert who manages client budgets, audits, taxes, and business plans is a chartered accountant. You can work for organisations, the government, and people as a CA. Your role is to assist clients with money management and offer knowledgeable financial advise. A person ...
