Chartered Accountant
2731 Points
Joined January 2008
i do heard about the same information and also tried and contacted a senior official of the ICAI. that's in july.......he said the information is right and it is about to be applicable within 25 days or so...............
but so far even a single notification has arrived from the institute or on the institute's website........this clearly amounts to be a clear rumour...........
moreover such rule to become applicable require first a draft notification and then to be approved by the council and then become applicable.
no such thing is going to happen soon...... if there is such kind of thing....moreover their has to bring amendment in law which is not a short time thing.........