ICAI November 2017 examinations date out

  IMPORTANT ANNOUNCEMENT 23 rd June, 2017 No. 13-CA (EXAM)/N/2017: In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to announce that the Intermediate (IPC) and Final examinations will be held on the dates given below at the following places provided that sufficient number of candidates offer themselves to appear from each centre. Similarly, Examinations in Post Qualification Courses under Regulation 204, viz.: Management Accountancy Course (MAC) Part – I, Corporate Management Course (CMC) Part – I, Tax Management Course (TMC) Part – I, Insurance and Risk Management (IRM), and International Trade Laws and World Trade Organisation (ITL & WTO), International Taxation-Assessment Test (INTT-AT) examinations (which are open to the members of the Institute) will be

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CBDT sends names of 12 CAs indulging in tax evasion to ICAI; govt mulling stricter penalties

  In a move to crackdown on Chartered Accountants indulging in unethical tax evasion, Central Board of Direct Taxes (CBDT) has sent a list of 12 CAs to the Institute of Chartered Accountants of India (ICAI) for action. The move comes a day after Prime Minister Narendra Modi urged CAs to work against tax evasion and not to help those who are trying to evade tax. CNBC-TV18’s Timsy Jaipuria learns from sources that CBDT has pitched for ICAI to take stringent actions against erring CAs. Sources also suggest that a task force has been appointed by the PMO to look into shell companies and is in talks with CBDT, CBEC and ICAI for stricter penalties. Under Income Tax Act, Section 278, any CA found indulging in tax evasion or helping

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ICAI set ups GST Sahayata Desks

  Goods and Services Tax (GST) is all set to be rolled out from July 1, 2017 as India’s biggest federal taxation reform. GST is an integrated tax which works on the concept of “One Nation One Tax”. The biggest benefit of GST implementation would be removal of cascading effect of multiple taxes and seamless flow of Input Tax credit. To facilitate small businessmen, traders, shopkeepers and public at large ICAI GST Sahayata Desks have been made operational by the Institute of Chartered Accountants of India (ICAI), on pro bono basis at all major cities. To begin with, GST Sahayata Desks will be made operational at approximately 200 locations through 5 Regional Councils, 163 Branches and 48 CPE Chapters of ICAI. The GST Sahayata Desks would be operational w.e.f May 28, 2017 till

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ICAI Committed to Smooth Implementation of GST: President

  Message-From The ICAI President-June 2017 My esteemed professional colleagues, It is true that freedom to know, to express and to argue freely according to conscience is divine. The law of our nation, our Constitution, ensures this to the people of India. Our law in that sense is liberating and, at the same time, it binds us in a system that brings an order, cohesion and harmony in our life. But when this liberty, created by law, starts to destruct the system (i.e. order), the situation becomes alarming, since what will follow next is the destruction of freedom itself. Indian Chartered Accountants today enjoy professional autonomy to a great extent, as provided by its constitution, and understand the significance of this privilege. Considering that freedom comes with responsibility and responsibilities begin

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ICAI Constitute Group related to all issues of Bank Audit

  Constitution of Group related to all issues of Bank Audit including reduction in SCAs Cooling Period, distribution of Bank Branch Audit – (16-05-2017) No. M-626/2017   16th May, 2017 ALL MEMBERS OF THE COUNCIL Madam/ Dear Sir, The President, in terms of the authority given to him by the Council at its 363rd meeting held on 12th February, 2017, has constituted a Group related to all issues of Bank Audit including reduction in Statutory Central Auditors (SCAs), cooling period, distribution of bank branch audit as well as previous report of CA. Tarun J. Ghia on “Equitable Audit allotments and mechanism to Control Tendering System”, with the following composition:- CA. Prakash Sharma, Convenor CA. Tarun J. Ghia CA. G. Sekar CA. Prafulla P. Chhajed Ms. Seema Gerotra, Joint Director & Secretary, Professional Development

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Announcement for ICAI-CAMPUS (August-September, 2017) Aspirants

  The Institute of Chartered Accountants of India (Setup by an act of Parliament) Completion of GMCS is mandatory for taking part in ICAI Campus Placement Programme, meant for Newly Qualified CAs. Accordingly, to cater to the needs of the Students appearing for the Final Examination in May’2017 but are yet to complete GMCS Course, adequate arrangement has been made by the Board of Studies. Aspirants for August-September, 2017 Campus are hereby advised to enroll (through Link- www.icaionlineregistration.org or may feel free to talk to Dr. Mitali Pathak at 0120- 3045915) for GMCS at any Centre convenient to them and get it completed before the Interview Process begins in the middle of August, 2017. Committee for Professional Accountants in Business & Industry (CPABI) of ICAI

Govt approves renewal of MoU between ICAI and CBFS, Oman

  Press Information Bureau Government of India Ministry of Corporate Affairs 10-March-2017 15:50 IST Government approves renewal of the Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and the College of Banking and Financial Studies (CBFS), Oman The Government has approved the renewal of the Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and the College of Banking and Financial Studies (CBFS), Oman with the aim of developing a mutually beneficial relationship in the best interest of members, students and the Institutes. It is expected that through this mechanism, an opportunity will be provided to ICAI members to expand their Professional horizons and substantial goodwill be generated for India, Indian Citizens and Indian Chartered Accountants in the Sultanate of Oman

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Canada Chapter of ICAI launched helpline for Members

  The Institution of Chartered Accountants of India (Setup by an Act of Parliament) TORONTO CHAPTER Toronto Chapter Launches Helpline for CPA Candidates Canada (Toronto) Chapter of ICAI launched helpline for Members interested for getting CPA Canada membership – (09-03-2017) Greetings! , In continuation of our efforts to help our members acquire CPA designation, we are pleased to inform you that we have launched a helpline platform in this regard. We are very fortunate to have our members Dweep Mehta, Priyanka Baidya, Saoli Chakraborty (recent successful CPA Candidates) who have offered their guidance to members who are interested in pursuing CPA. The CPA Canada helpline will be structured as follows: An email cpahelpline@icaitoronto.com has been created for members to send their inquiries to CPA helpline team at their convenience.The CPA helpline team will monitor and review the

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ICAI (Institute of Cost Accountants of India ) to train 15 lakh traders in GST basics

  The Institute of Cost Accountants of India plans to train 15 lakh traders across the country over the next one year in GST basics, according to CMA Manas KR Thakur, National President. Addressing a press conference here, he said, “We were among several other professional bodies who have been assigned this job by the Government.” “There were about 22 lakh indirect tax assessees currently across India. And once GST is implemented, this number will go up to 70 lakh. So, the Government wants us to train traders and new assessees in familiarising them with filling in forms etc. We have commenced training and are creating a pool of trainers who would subsequently train others on the fundamental aspects of the Goods and Services Tax,” informed Thakur. Speaking about ICAI’s

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MOCK TEST – ICAI

  With a view to further encourage the students to evaluate their preparation for the examination, the Board of Studies has prepared Mock Test Papers for Intermediate (IPC) and Final Course students to assess their preparation for the main examination to be held in May, 2017. All our Regional Councils and Branches have been advised to conduct Mock Tests under examination conditions and ‘Special Counselling Sessions’ for the benefit of Intermediate (IPC) and Final Course students in the months of March – April, 2017. Students are advised to contact the respective Regional Councils/Branch(es) to ascertain the exact date(s) and venue for the Mock Tests and ‘Special Counselling Sessions’ so as take advantage of the same which will help them to assess their preparation for the main examinations. Director, Board of

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