The Institute of Chartered Accountants of India (ICAI) has successfully secured significant global recognition for Indian Chartered Accountants through key provisions in the India-UK Free Trade Agreement (FTA). These provisions facilitate liberal market access, protect the title 'Chartered Accountant', and enable mutual recognition of qualifications, allowing Indian CAs to practice in the UK on a reciprocal basis. The agreement is expected to boost outsourcing opportunities and expand the volume of high-value professional services work flowing into India.
Dear Professional Colleagues,
Together bound by history's thread,In every word and tear we've shed,We march ahead with a steady pace,To build a brighter, stronger place.
Wishing a very Happy Independence Day in advance!
"Saare Jahan Se Acha, Hindustan Humara" - these timeless words are more than
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FAQ :
The ICAI has secured favourable provisions in the India-UK FTA, leading to liberal market access and global recognition for Indian Chartered Accountants.
The FTA opens significant outsourcing opportunities in areas like bookkeeping, tax, and consulting, and allows Indian firms to incorporate and operate in the UK with national treatment.
It means that Indian CAs can register and practice in the UK on a reciprocity basis, and vice versa, enhancing professional mobility.
ICAI provided technical inputs on licensing, qualification recognition, and digitally delivered services, leading to the inclusion of cross-border supply (Mode 1).
It is expected to significantly expand the volume of high-value professional services work flowing into India, benefiting thousands of CA firms and professionals.