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Posted Date : 26-Jan-2015 , 08:30:03 pm | Posted By CASANSAAR
Council Affairs/M-626/2015 24th January,2015 ALL MEMBERS OF THE COUNCIL Dear Sir, Pursuant to C&AG’s Report `Performance Audit on Appreciation of Third Party (Chartered Accountants) - Reporting in Assessment Proceedings’ for the year ended M...
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Posted Date : 17-Jan-2015 , 10:18:33 pm | Posted By CASANSAAR
One of the Greatest CA of all time passed away !!!!!!!!! A Big loss to our profession ... CA Rameshwar Thakur passed away for his heavenly abode .... May his soul RIP One of our All time Precious Jewel of our Esteemed Profession .. A person who gave a lot to the profession , In...
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Posted Date : 13-Jan-2015 , 08:59:27 am | Posted By CASANSAAR
THE CBI Monday questioned officers of the investigation wing of the Income-Tax department in Mumbai as part of its probe into a bribery racket that allegedly involves senior I-T officers in Mumbai and Chennai, middlemen and businessmen seeking income-tax relief. The CBI has seized 4 kg gold...
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Posted Date : 05-Jan-2015 , 04:37:12 pm | Posted By CASANSAAR
Dear Professional Colleagues, Subject: Extension of last date “for complying with the CPE hours requirement for the Calendar Year 2014” - from 31st December, 2014 to 31st March, 2015 We would like to inform you that it has been decided to extend the ...
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Posted Date : 05-Jan-2015 , 08:47:35 am | Posted By CASANSAAR
CASANSAAR is pleased to announce the launch of CASANSAAR Placement Cell for Chartered Accountants. This Cell will assist Job Seekers & Job Recruiters for best fit.. If you have requirement of CA's in your office / Firm / Company then you can contact&nb...
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Posted Date : 23-Dec-2014 , 08:19:00 am | Posted By CASANSAAR
CASANSAAR offers a Golden opportunity for Professionals, where they could create their own stunning website with multiple designs and templates to choose. It will be completely your own space, which is going to be a Dynamic Website and could be edited as per your wish. ...
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Posted Date : 21-Dec-2014 , 06:55:27 pm | Posted By CASANSAAR
Report no.-32 of 2014-Union Government (Department of Revenue-Direct Taxes) – Report of the Comptroller and Auditor General of India on Performance Audit on Appreciation of Third Party (Chartered Accountant) Reporting in Assessment Proceedings. The Report has been laid on the table of...
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Posted Date : 21-Dec-2014 , 06:30:01 pm | Posted By CASANSAAR
The Comproller & Auditor General of India (CAG) has issued a report No. 32 of 2014 setting out the results of the performance audit of “Appreciation of Third Party (Chartered Accountant) Certification in Assessment Proceedings of the Department of Revenue”. The report makes ...
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Posted Date : 21-Dec-2014 , 06:14:40 pm | Posted By CASANSAAR
Source :- CAG Report...
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Posted Date : 20-Dec-2014 , 08:56:49 am | Posted By CASANSAAR
Coming down heavily on Chartered Accountants hired by the Income Tax department, a CAG report today said their failure to submit correct tax information resulted in levying of lower taxes by as much as Rs 2,813.11 crore in 367 cases surveyed. "We found cases where the CAs failed to report full ...
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Posted Date : 19-Dec-2014 , 07:55:43 am | Posted By CASANSAAR
Chartered Accountants' body ICAI today said it would soon come out with a guidance note for its members on fraudreporting, a day after the Lok Sabha cleared amendments to the companies law. One of the amendment is to introduce a minimum threshold level for reporting frauds at c...
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Posted Date : 17-Dec-2014 , 09:17:39 am | Posted By CASANSAAR
One can claim the CPE hours by filing a Self Declaration Form with the ICAI for the calendar year 2014. Current Block for Compliance of CPE Hour is from 01.01.2014 to 31.12.2016. Members, who have not filed self deceleration for Calendar Year 2014, can file the same now. ...
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Posted Date : 15-Dec-2014 , 05:41:46 pm | Posted By CASANSAAR
ICAI, the apex body of chartered accountants, will help Employees' Provident Fund Organisation(EPFO) to migrate to accrual accountingsystem. In this regard, the Institute of Chartered Accountants of India (ICAI) would take up a pilot project for EPFO. A Memorandum of Understandin...
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Posted Date : 15-Dec-2014 , 04:10:42 pm | Posted By CASANSAAR
Admit Cards for the Information Systems Audit Assessment Test (ISA-AT) scheduled to be held on 27th December, 2014 have been released. Kindly visit http://isaat.icaiexam.icai.org to download the same....
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Posted Date : 14-Dec-2014 , 07:58:43 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI), which was zealously maintaining its quality by limiting the number of chartered accountants should try to increased its members as the nation needed them, said Nirmala Sitharaman, union minister of state for commerce and industry, on Saturday.&...
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Posted Date : 12-Dec-2014 , 07:53:48 am | Posted By CASANSAAR
Regulation 5 (3) of the Chartered Accountants Regulations, 1988 provides for eligibility to become a fellow member of the Institute on the basis of service in specified industries and organizationsAn associate member is eligible for admission as a Fellow Member if he/she satisfies the eligibility co...
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Posted Date : 09-Dec-2014 , 09:37:54 pm | Posted By CASANSAAR
Preference of e-Journal over Hard Copy of JournalKind Attention: All Members of ICAI The Office of Editorial Board, of late, had received requests from some of the ICAI members asking us to stop sending free (mandatory) hard copy of the Journal and begin sending the soft copy instead. The Editorial...
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Posted Date : 09-Dec-2014 , 08:44:37 am | Posted By CASANSAAR
In an indication of high demand for accountancy professionals, companies have recruited 952 chartered accountants with an average annual pay package of around Rs 7.28 lakh through ICAI campus placement. The offers were made by companies during the placement programme, conducted across 19 citi...
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Posted Date : 08-Dec-2014 , 08:48:00 am | Posted By CASANSAAR
The convergence of Indian accounting practices with the International Financial Reporting Standards, set to begin in the next financial year, will give a boost to FDI inflows to the country, says K. Raghu, president of the Institute of Chartered Accountants of India. The adoption of Indian ...
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Posted Date : 06-Dec-2014 , 06:55:46 am | Posted By CASANSAAR
When it comes to flow of black money, real estate business accounts for a major chunk of of such illicit funds, accounting regulator ICAI has told the government while seeking urgent steps to check this menace. In a representation made to Finance Minister Arun Jaitley, the Institute of Chartere...
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Posted Date : 04-Dec-2014 , 05:40:47 pm | Posted By CASANSAAR
In accordance with the provisions of sub-section (5B) of Section 18 of the Chartered Accountants Act, 1949, a copy of the Annual Report and Audited Accounts of the Institute for the year 2013-2014 is required to be published in the Gazette of India latest by 30th September, 2014. Accordingly, the sa...
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Posted Date : 03-Dec-2014 , 07:58:56 am | Posted By CASANSAAR
With India set to usher in a new era of accounting reforms with the adoption of new Indian Accounting Standards converged with International Financial Reporting Standards, the Institute of Chartered Accountants of India forsees a global demand for Indian CAs. The new standards are to be converg...
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Posted Date : 29-Nov-2014 , 08:35:25 am | Posted By CASANSAAR
The number of women seeking to get into the number-crunching profession of chartered accountancy (CA) has taken a big leap in the past couple of years. Female enrolments to the Common Proficiency entrance test (CPT) for the CA course, conducted by the Institute of Chartered Accountants of India (ICA...
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Posted Date : 29-Nov-2014 , 08:29:44 am | Posted By CASANSAAR
The Serious Fraud Investigation Office (SFIO) and the Enforcement Directorate (ED) have approached the Institute of Chartered Accountants of India (ICAI) to look into the professional misconduct of its members engaged in financial accounting and auditing in various Saradha group outfits. Th...
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Posted Date : 26-Nov-2014 , 02:43:47 pm | Posted By CASANSAAR
One Seat for Central Council may increase from Northern. As per reilable Sources we come to know about the Members Detail of ICAI Region Wise. Total Number of Members of ICAI as on 27.10.14 - 227555. Central 36720; Eastern 21935; Northern 46059; Wes...
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Posted Date : 25-Nov-2014 , 08:26:35 am | Posted By CASANSAAR
The president of chartered accountants body ICAI, K Raghu, has been elected to the board of International Federation of Accountants (IFAC). Raghu has been elected for a three-year period starting from November this year. IFAC, a global body for the accountancy professio...
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Posted Date : 22-Nov-2014 , 08:58:51 am | Posted By CASANSAAR
Enforcement directorate is going to summon some senior officials of the Institute of Chartered Accountants of India (ICAI) as the institute had failed to initiate action against the chartered accountants (CAs) involved in chit fund scams. The accused CAs had vouched false audit reports. When the SF...
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Posted Date : 21-Nov-2014 , 02:14:20 pm | Posted By CASANSAAR
Application Form for the Information Systems Audit (ISA) Assessment Test - December, 2014 [Last Date - 4th December, 2014] Online Application Form Hard Copy Application Form...
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Posted Date : 19-Nov-2014 , 05:56:51 pm | Posted By CASANSAAR
ANNOUNCEMENT Draft amendments in the Chartered Accountants Regulations, 1988 notified in the Gazette of India vide Notification No. 1-CA(7)/167/2014 dated 10th September, 2014 The Council at its 337th meeting held on 29th, 30th and 31st October, 2014 in the office of the Institute at...
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Posted Date : 10-Nov-2014 , 04:13:06 pm | Posted By CASANSAAR
8th November 2014 Observations of the candidates on the question papers of CA examinations-Nov. 2014 It has been decided to introduce a mechanism to obtain the feedback of the candidates who appear in the CA examinations, on the question papers in CA examinations, with effect from May 2014 exa...
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- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
