MCA issues letter to Institute of Cost Accountants for unauthorized use of acronym 'ICAI', as it denotes Institute of Chartered Accountants of India as per CA Act, 1949 & is infringement of Trade Marks-
@theicai
@atulguptagst
@JambusariaNihar
@AniketTalati
Thanks a ton getting me elected to ICAI Council again with the Maximum Quota.
I along with my whole team thank everyone from the core of our heart for the warmth, love and affection bestowed on us and helping us in achieving this feat.
🙏🙏🙏🙏🙏🙏🙏🙏
SC appreciates ICAI for maintaining Examination Standards “Look at how ICAI does it for Chartered Accountants. They control intake & also the quality.” Chides Bar Council for lowering the standards colleges & asks Bar Council“ it is high time you do an introspection”
@theicai
Decision taken by ICAI Central Council after deliberations on the matter related to recent arrest of Chartered Accountants & other instances of ill- treatment of CAs by investigating authorities in Council Meeting held on 20th May 2022
#JusticeforCA
@drdebashismitra
@AniketTalati
Many of CA friends may not be of same view.. but plz consider & rethink.
1 There is no penalty on auditor
2 Assessee wud have reasonable cause to not get audit done in time
3 It's a penalty not late fee.. its not automatic
4 Assessee is not worried
So why CA seek extension🙏🙏
In shock and grief to inform sudden demise of one the finest officers of ICAI, CA. Sharad Singhal, Secretary, GST & Indirect Tax Committee of ICAI. May God give strength to his family to bear this huge loss. 🙏🙏🙏
To my information.. there is no proposal of MCA to do away with Audits of small companies... my earnest request.. to not believe or spread hearsay.. 🙏🙏🙏
@theicai
Loosing so many seniors, friends and relatives in this Pandemic ... though this phase shall pass out soon... but after leaving many scars .... finding it tough to remain positive ... but that is the only way out.. lets try and remain positive plz 👍🙏🙏🙏
Sorry to inform demise of Ms. Veena Gupta wife of CA. N. D. Gupta ji (Past President ICAI & Rajya Sabha member), mother of CA. Naveen N.D. Gupta ji (Past President ICAI) today. Deepest Condolences.. Om Shanti.. 🙏🙏
Results of Final & Foundation CA Exams announced. Congrats to those who passed.
Students who could not clear this time, would surely clear next time with continous smart hard efforts
@theicai
With
#clause44
of
#Form3CD
being made reportable from AY 2022-23 itself, there are various matters which requires clarity for assesses and auditors. This small video contains such matters. which is available at
Hope the video is of use.
#taxaudit
Happy to share 4 important reforms achieved in examination system of ICAI.
1. To be examiner, ICAI had started taking exam of examiners in last few years. Special focus was given during lock down and now, we have touched scale of 6500+ duly qualified examiners in system.
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Deeply shocked and sorry to share that our newly elected CCM (ICAI) from Mumbai and a dear friend, CA. Sunil Patodia ji left for the heavenly abode today... Deepest condolences 🙏 Om Shanti 🙏
@theicai
𝐼𝐶𝐴𝐼 has launched Digi Locker - now members can download their ID Card on tje Digi Locker APP and Make their Membership ID Card as fully authentic document for their Identity.
CBDT extends few dates including ITR for AY 2020-21, ITR in response to notice u/s 148, TDS u/ss 194-IA, 194-IB, 194M, Form 61, appeals to be filed with CIT(A) till 30.4.2021 to 31st May 2021 -
Candidates for ICAI Exams starting from 21st Nov 20 are informed that exams will be held as per schedule. They should only concentrate on exam studies & not misled by any false propaganda/incorrect statements made & should only refer to announcements at
36 all out... to series win... many injuries... 20 players played 4 tests... very few played all the 4 tests.. great team work. Congrats for splendid performance
#AUSvsIND
#IndianCricketTeam
Please note that from 1.10.2020 any audit report or certificate (including 3CA/3CB, 15CB, etc) uploaded by a CA on Income Tax portal would become INVALID if UDIN is not uploaded along with Form or within 15 days of uploading the Form.
Accounting Standards Board of ICAI prescribing formats for financial statements for non-corporates (Prop., Partnership, etc.) has published a Technical Guide on Financial Statements of Non-Corporate Entities -
@theicai
@drdebashismitra
@AniketTalati
Am very sure that all would adhere to Janta Curfew on 22.3.2020 from 7AM to9PM. Few activities u may do apart frm watching TV or mobile:
-Pray together
-exercise, yoga
-Cook together
-Play indoor games
-Read a book
-Talk, joke, dance, laugh
Be Cautious yet remain POSITIVE & HAPPY
Sharing a small note on F&O transaction's taxation, accounting aspects as version 2.0 which is now available at
Hope the same is of use.
#FnO
#futurestrading
#optionstrading
A very important link... whereby you can verify that when you are dealing with a Chartered Accountant (CA), whether he is a member of ICAI or not... jut put his membership number to trace that member at
Any stakeholder can use this facility.
IMPORTANT ANNOUNCEMENT FOR MAY 2020 EXAMINATIONS
For more details please visit
For any queries pls email at may2020exam
@icai
.in.
@atulguptagst
@JambusariaNihar
With God’s blessings, I seek your support and best wishes to re-contest for Central Council (CC) from the Northern Region of ICAI in the elections to be held in December 2021.
Your vote, suggestions & support are very important to me & I look forward to it eagerly.
Warm Regards
FM reduces the Tax Audit Turnover Limit to 1 Cr again from 10 Crs. in certain cases.
To understand the said cases sharing a small video on the amendment made in s. 44AB(a) by Finance Amendment Bill
2021 -
Hope it is of use
By God's Grace hv been able to author 9th Revised edition of Book jointly with my daughter CA Shreya Jain:
'Chartered Accountant's Documentation & Compliance for Audit & Reviews'
Details of book along with online order link-
Heartiest Congratulations to the new torch bearers of ICAI for year 2021-22:
• CA. Nihar Niranjan Jambusaria, President
• CA. (Dr.) Debashish Mitra, Vice-President
I am sure that the Institute would attain newer heights under their leadership.
Warm Regards
CA. Pramod Jain
Glad to know that Constitution Amendment Bill introduced in rajyasabha......All the benefits / subsidies shall be withdrawn for the family having more than 2 Children (small family)..
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4. Overall time period between examination and result will be reduced by 15-20 days. Earlier it was 60-75 days which will come down to around 50 days.
Every member in practice should obtain an engagement letter prior to commencement of any engagement.
I am sharing a draft of engagement letter which may be amended on case to case basis. The document is available at well as at
Issue Of Certificates by CAs via
@YouTube
Issuing of Certificates have been talked about every now & then. Sharing a small video to share my views on the format & procedures which should be followed by a CA for issuing any certificate.
Hope its of use.
By God's Grace & best wishes of my Family, Relatives, Friends & Colleagues, able to author 10th Edition of the
#Book
jointly with my daughter CA Shreya Jain- "Chartered Accountant’s
#Documentation
& Compliance for Audits and Reviews"
Details & order link-
Happy to share that ICAI call-sahatya (call center) is fully operational now, receiving around 2400 calls on a daily basis. This facility is available at 9997599975 from Monday to Saturday from 9 AM to 9 PM
@theicai
@CASushilGoyal
@AniketTalati
Certification of Projected Financial Statements by CAs - via
Various Stakeholders ask for
#Projected
#FinancialStatements
to be certified by a Chartered Accountant. Can they do it? If yes, who can do and how. Sharing a small video all about that.
I offer my candidature and humbly seek your Vote, Best Wishes and Support to represent you as a CENTRAL COUNCIL Member of ICAI through the ensuing elections to be held on 3rd & 4th December 2021.
Warm Regards
CA. Pramod Jain
By God's Grace & best wishes of my Family, Relatives, Friends & Colleagues, hv been able to author the 7th Revised edition of Book:
'Limited Liability Partnership – A Comprehensive Resource Book'
Detail of book is at
#LLP
#books
#incometax
#conversion
Sharing various Audit Tools (Excel Formats), Referencer and Compilation published by Centre of Audit Quality Directorate of ICAI which can be downloaded from below links
1. Engagement Letters -
2. Determining Materiality -
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Certification of Provisional Financial Statements by CAs - via
@YouTube
Various Stakeholders ask for provisional financial statements to be certified by a CA. Can they do it? If yes, who can do and how. Sharing a small video all about that.
#BalanceSheet
In past few days met many young CAs & it has enhanced my confidence that future of ur profession is quite bright. Apart from superior digital skills, their eagerness to enhance professional skills wud take ur profession to new heights & wud remain +tive partner in nation building
Just to inform that Committee on International Taxation of ICAI (CITAX) represented to CBDT to provide the facility to upload physically filled Form 15CA/ 15CB in e- filing portal.
The issue was taken positively & most probably it may be enabled by 1st week of February
@theicai
ASB of ICAI has launched Hyperlinked HTML version of AS & Ind AS. Here standards are linked to each other for definitions / cross references
-AS-
-IndAS- Vol I-
-IndAS- Vol II-
@theicai
@AbhayChhajed17
As stated earlier ICAI has considered the extension.. after due deliberations...soaring over past few days.. students should understand.. ICAI alwats values students utmost... however everything... takes due time and consideration
Institute of Chartered Accountants of India - ICAI
Pursuant to change in UDIN Guidelines, it can be generated now within 60 days. The said change is a permanent change & not one time effect.
e.g. if UDIN is to be generated on 20.9.21, it can be generated for a report signed on 25.7.21 too
UDIN Portal has been amended accordingly
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2. We have achieved the benchmark that now onwards all copies will be checked on digital platform with many benefits, apart from improved vigilance.
3. Students can now have their verification result within 7 days of applying which used to take substantial time earlier.
Members of ICAI, plz note:
• Pay annual fee for FY2021-22 if yet not paid, by 31.3.23 to avoid name removal
• Get Know Your Member (KYM) done through SSP
• ACA (incl. member in service) having experience >5 yrs can apply to be FCA
• Call at 9997599975 for any query
@theicai
.Jambusaria also felt that ..I don’t think whether audit is required or not is a subject within purview of NFRA. V r not aware of any such thought process within MCA or govt.Not even NFRA had any discussion with its Board members
@theicai
@JambusariaNihar
MCA relaxes the minimum one director being resident in India condition under section 149 of the Companies Act, 2013 shall not be required for financial year 2020-21 -
ICAI Announces Advance ITT Exam which normally is being organised physically ... now will be organised online on 21st June 2020 to facilitate who are facing trouble in taking membership -
Just a suggestion...
There should be single website say which contains links of all Central Government Ministries, Departments, organizations, taxes, etc. It should also hv links to websites of all states & UT. One India website..
@narendramodi
@PMOIndia
By the God's Grace & best wishes of my Family, Relatives, Friends and Colleagues, I have been able to author -5th Revised edition of Book:
Limited Liability Partnership – A Comprehensive Resource Book
The details of book is along with online order is at
Received several queries .. where in assessment u/s 143(3) no addition is made but demand is created due to error in computation
solution is... apply to Jurisdictional AO for rectification. Even if file is not transferred by NeAC, JAO can initiate rectification proceeding online
Extending warm wishes to my fellow Chartered Accountants on
#CADay
Backbone of the financial system, CAs play a key role in furthering better corporate governance in our society.
My best wishes to the CA fraternity. May they continue to advance India's economic growth.
ICAI extends time period for registration in Foundation Course from 30th June, 2020 to 31st August, 2020 for appearing in Foundation Examination to be held in November, 2020 due to COVID-19 -
@theicai
Heartiest Congratulations to the new torch bearers of ICAI for year 2023-24:
• CA. Aniket Sunil Talati, President
• CA. Ranjeet Agarwal, Vice-President
I am sure that the Institute would attain newer heights under their leadership.
@theicai
@AniketTalati
@CARanjeetAgarw1
MCA amends LLP Settlement Scheme 2020 - to cover all Forms covered due till 31.11.2020 (earlier was 31.8.2020), so Now Form 8 for FY 19-20 can be filed with no additional fee till 31.12.2020 -
CSR Committee of ICAI has started acknowledging the social work dobe by Chartered Accountants in their individual capacity by issuing such certificate of Appreciation
Namaste
Heartiest Congratulations to the new torch bearers of ICAI for year 2022-23:
• CA. (Dr.) Debashish Mitra, President
• CA. Aniket Talati, Vice-President
I am sure that the Institute would attain newer heights under their leadership.
Warm Regards
CA. Pramod Jain
Had a good webcast today on Vivad se Vishwas Scheme 2020 at ICAI.. where first time Hon'able FM Smt Nirmala Sitharaman hi and MoR CA. Piyush Goyal ji addressed from ICAI headquarters ....to more than 60 thousand members through the webcast.
Was a good program.. with good discussion today by Valuation Standards Board, panelists included MD / CEO Bank of Baroda, Chairman/ CEO Edelweiss Group, WTD / CMD ITI Group, Independent Director Union Bank of India, ED Bank of Baroda