CAclubindia News

Businessman Faces One-Year Jail Term for Bounced Cheques to Income Tax Department

01 May 2024 at 09:03

A recent verdict by a Gandhinagar court has landed Chandkheda resident Mehulkumar Barot in hot water, resulting in a one-year prison sentence.

Posted in Income Tax | 780 Views

ICAI submits Pre-Budget Memorandum to CBDT advocating Tax Reforms

01 May 2024 at 09:00

The Institute of Chartered Accountants of India (ICAI) has put forth a series of recommendations in its Pre-Budget Memorandum 2024, urging for targeted tax deductions and incentives.

Posted in Professional Resource | 2046 Views

Redefining Accountancy in the AI Era: Insights from ICAI President

01 May 2024 at 08:59

Amidst the dynamic landscape of technological advancements, Artificial Intelligence emerges as a radiant constellation, charting the course towards a future where innovation and technology intersect to redefine human potential.

Posted in Professional Resource | 3369 Views

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 | 4791 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 | 17139 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 | 3636 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 | 576 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 | 5037 Views