ICAI | Further extension in the last date for Waiving-off Condonation fees due to late filing of various application forms



Quick Summary
The Institute of Chartered Accountants of India (ICAI) has extended the waiver of condonation fees for late filing of application forms. This decision comes in light of ongoing difficulties faced by students and articled assistants with online submissions due to the COVID-19 pandemic. The waiver now applies to all transactions dated between 1 April 2020 and 28 February 2021, helping to alleviate hardship caused by late submission penalties.

ICAI, observing the current situation arising out of COVID-19, recognises that some of the Students, Articled Assistants, are still facing difficulties in online filing of prescribed Applications Forms for various activities. Hence, ICAI has decided to extend waiving-off condonation fees till 28th February 2021. Read the official announcement below:

Members & Students Services Directorate
The Institute of Chartered Accountants of India
25th February, 2021

Important Announcement

Amid the current situation arising out of Covid-19, it is observed that some of the students, Articled Assistants, are still facing difficulties in online filing of prescribed applications Forms for various activities.

Further, delay in submission of online application Forms is attracting levy of Condonation fee under the relevant Regulatory Provisions creating hardship for them.

Further extension in the last date for Waiving-off Condonation fees due to late filing of various application forms

Considering the difficulties being faced by the such Students/Articled Assistants, it has been decided to extend waiving-off condonation fees till 28th February, 2021. All transactions bearing transactions date falling between 1st April, 2020 to 28th February, 2021 shall be considered. This period includes a one-month prescribed timelimit given in general.

Deputy Secretary
M&C-MSS SECTION
ICAI

FAQ :

The condonation fees will be waived off until 28th February 2021.

The ICAI has extended the waiver due to ongoing difficulties faced by students and articled assistants in filing application forms online, exacerbated by the COVID-19 situation.

All transactions with a date falling between 1st April 2020 and 28th February 2021 are considered for this waiver.

A condonation fee is a penalty charged when application forms are submitted late, as per relevant regulatory provisions.

Students and Articled Assistants who are facing difficulties in the online filing of prescribed application forms.




News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :


More »


Popular News





CCI Pro