CAclubindia News

ICAI Takes Action Against 3 EY Affiliates and Retired Partner for Professional Misconduct

30 April 2024 at 14:29

ICAI has made a decisive move, passing an order against auditing powerhouse EY's three affiliates and a retired partner, alongside disciplinary action against S V Ghatalia & Associates, LLP, and its partner for "professional misconduct."

Posted in Audit | 4929 Views

ICAI CCM Dhiraj Khandelwal Clarifies On NFRA Order of Rs 1 Crore Penalty

30 April 2024 at 11:11

In a recent development, CCM Dhiraj Khandelwal has addressed the concerns on 'X' surrounding the NFRA order imposing a significant penalty on Audit Firm M/s Dhiraj & Dheeraj.

Posted in Audit | 17292 Views

Patanjali Foods Faces Show Cause Notice Over Rs 27.46 Crore ITC

30 April 2024 at 08:53

Patanjali Foods, the renowned firm led by yoga guru Ramdev, finds itself under the radar of the GST intelligence department.

Posted in GST | 3672 Views

ICAI releases Exposure Draft of Guidance Note on Reports on Audit u/s 12A/10(23C)

30 April 2024 at 08:50

Exposure Draft - 'Guidance Note on Reports on Audit under Section 12A/10(23C) of the Income-tax Act,1961' for Public Comments

Posted in Income Tax | 591 Views

Supreme Court Denies Plea to Postpone CA May 2024 Exams Amid Election Overlap

29 April 2024 at 12:44

In a landmark decision today, the Supreme Court declined to intervene in a plea seeking to postpone the Chartered Accountancy (CA) exams slated for May 8 and May 14, 2024, citing clashes with election dates on May 7 and May 13.

Posted in Students | 2 comments | 5064 Views

NFRA Imposes Rs 1 Crore Monetary Penalty on Audit Firm M/s Dhiraj & Dheeraj

29 April 2024 at 09:26

Audit Firm M/s Dhiraj & Dheeraj, along with CA Piyush Patni (EP) and CA Pawan Kumar Gupta (EQCR), have been found guilty of professional misconduct.

Posted in Audit | 22965 Views

Income Tax Department: Half of India Holds PAN, Gender Gap Shrinks

29 April 2024 at 08:48

Nearly half of India's population now possesses a Permanent Account Number (PAN), totaling a staggering 74.67 crore allocations.

Posted in Income Tax | 3081 Views

ICAI Sets Rules for Aggregation of Domestic CA Firms in 3 Months

29 April 2024 at 08:46

In a recent interview, the President of The Institute of Chartered Accountants of India (ICAI) unveiled plans to introduce comprehensive guidelines aimed at enhancing the competitiveness of domestic chartered accountant (CA) firms.

Posted in Professional Resource | 5034 Views

ICAI Reopens Online Empanelment of Members to act as Observers for May/June 2024 CA Exams

27 April 2024 at 09:25

It has been decided to reopen the online empanelment of members to act as observers at the examination centres for the Chartered Accountants' Examinations, May/June 2024, from 25th April 2024 to 27th April 2024 till 11.59 PM.

Posted in Students | 702 Views

GST Appellate Tribunal Set to Alleviate Pending Appeals

27 April 2024 at 09:04

Good news for businesses dealing with the Goods and Services Tax (GST)! Soon, there might be a special court called the GST Appellate Tribunal to handle disputes related to GST.

Posted in GST | 774 Views