Any act by a chartered accountant that brings disrepute to the profession, whether or not in the professional domain, is open to disciplinary scrutiny and action.
Applications are invited for the Professional Education-I, Professional Education-II and Final Examinations to be held on November 1.
Nearly 82,000 students appeared at the examination across 209 centres in India and also in Kathmandu and Dubai.
The Cockroach Janta Party (CJP) founder Abhijeet Dipke has launched an online petition urging Prime Minister Narendra Modi to address India's youth on critical issues like education, unemployment, and the rising cost of living during his Independence Day speech. This initiative follows CJP's successful 36-day agitation against NEET irregularities, which led to the resignation of the Union Education Minister. The CJP is now broadening its campaign with a nationwide "Kya Bolti Public" tour to gather youth views for a comprehensive Youth Reform Charter.
Going down the memory lane while addressing a function of the Institute of Chartered Accountants of India (ICAI) in New Delhi, he said: "I started out with a hidden desire of becoming a CA. I strayed into other activities and then preferred Law because at that time also the CA exam was difficult."
The Shri Ram Janmabhoomi Teerth Kshetra Trust has displayed over 30 kg of gold-like items and 1,518 kg of silver-like items, asserting all 2,926 valuable articles donated by devotees are 'safe' and accounted for, amid an ongoing probe into alleged embezzlement of donations.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries
The Indian government has informed the Lok Sabha that the income-tax return (ITR) e-filing portal is functioning in a 'largely stable and efficient manner' despite a significant increase in traffic during the peak filing season. However, it acknowledged transient technical issues and disclosed that contractual penalties have been imposed on Infosys for project delays and service-level agreement failures.
For India, the guiding principle should remain clear: Engage Bangladesh as a sovereign nation and society rather than through the prism of any individual leader or political party, suggests Manoj Mohanka.
Brookfield India Real Estate Trust has appointed Shashank Jain as the Chief Executive Officer (CEO) and Managing Director of the firm managing the REIT, effective July 1.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries
Companies would have to recognise the increase in gratuity liability arising from new labour codes in their interim financial statements and results for the period ending December 31, the Institute of Chartered Accountants of India (ICAI) has said in its FAQs on the new labour codes.
As the new Income Tax (I-T) Act, 2025 moves towards implementation from April 1, 2026, the finance ministry is reviewing and simplifying the compliance forms used by charitable institutions. Debjyoti Das, principal chief commissioner of income tax (exemption), said the new Act has already reorganised exemption provisions into a clearer and more coherent structure, and the accompanying procedures and forms are now being examined.
rediffGURUS Mihir Tanna, Vipul Bhavsar, T S Khurana, Vivek Lala and Anil Rego will answer your tax queries related to the Union Budget 2026-2o27.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries
'We are equally qualified and competent.'
Have income tax-related questions? Ask rediffGURUS Mihir Tanna, Vipul Bhavsar, T S Khurana, Vivek Lala and Anil Rego.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Chartered accountants' apex body ICAI will be preparing a research paper to help markets watchdog Sebi in dealing with financial frauds. ICAI president Charanjot Singh Nanda on Saturday said the institute will set up a working group and hold discussions with Sebi to finalise the various aspects that will be looked into with respect to tackling financial fraud.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Chartered accountants' apex body ICAI may review the financial statements of IndusInd Bank, which is grappling with discrepancies in accounting to the tune of Rs 2,100 crore. The private sector lender, on March 10, disclosed about some discrepancies in its derivatives portfolio which could have an adverse impact of about 2.35 per cent of the bank's net worth as of December 2024 as per its internal review.
India was among the countries not present in Davos when US President Donald Trump unveiled his "Board of Peace" that seeks to work towards bringing lasting peace to Gaza and possibly resolve global conflicts. India is yet to take a call on it, people familiar with the matter said when asked about Trump's invite to PM Modi.
India is yet to take a call on United States President Donald Trump's invitation to be part of the 'Board of Peace' that will work towards bringing lasting peace to Gaza and possibly resolve global conflicts, people familiar with the matter said on Wednesday.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Nayagam PP, founder of Edujob360, offers a list of the top entrance exams, their timelines, eligibility criteria, exam patterns and preparation strategies to help you plan the year ahead.
The national association of software and service companies in India has sought partnership with chartered accountants in the areas of information security and data privacy.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
The Ministry of Corporate Affairs has been engaging with officials from several audit firms over the past two months to streamline the process for the expansion of audit firms in the country, according to sources familiar with the matter. These discussions have involved representatives from notable firms who have independently submitted their recommendations to the ministry.
Indian capital markets are witnessing a boom in IPO activity in 2025, with the current calendar year being expected to be the largest IPO year in India's history, according to India heads of foreign banks on Wednesday.
The Institute of Chartered Accountants of India has written to 150 firms seeking information on various issues including on agreement or contract for usage of name of multinational entity, Corporate Affairs minister Salman Khurshid said in the Lok Sabha.
Observing an "unholy nexus" between the banks and developers to dupe homebuyers, the Supreme Court on Tuesday directed the CBI to register seven preliminary enquiries against builders in NCR, including Supertech Limited.
'Trade deal will act as a strong trigger for market sentiment, not just for domestic investors but also for FIIs.'
Scores of chartered accountants, company secretaries and cost accountants are currently under the regulatory scanner for alleged violations of the companies law with respect to setting up of certain Chinese companies and their subsidiaries in India, according to officials. The apex bodies of chartered accountants and company secretaries, ICAI and ICSI, have together received around 400 complaints on the issue and necessary actions have been initiated. The Institute of Cost Accountants of India has also initiated action against some of their members in the matter.
One of the most exploited provisions is Section 10(13A), which permits exemption on HRA.
Currently, ICAI cannot take action against any chartered accountant who has indulged in professional misconduct or any other misdeed if he is not a registered member of the institute. The accounting body is also planning to set up a serious fraud detection cell to assist regulators like the Reserve Bank of India and Securities and Exchange Board of India to prevent Satyam-like scams.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
The Reserve Bank of India (RBI) has initiated talks with accounting standards regulator Institute of Chartered Accountants of India (ICAI) to advance the mandatory implementation of accounting standards for derivatives transactions by Indian banks and companies from its present 2011 deadline.
'Most tax notices arise not from wrongdoing, but from unintentional mismatch or ignorance.'
The Institute of Chartered Accountants of India invites applications for Management Accountancy Course (MAC Part-I) and Insurance and Risk Management (IRM) Examinations.
Yes, the entry of private bankers, particularly with global experience will add value to PSBs, points out Tamal Bandyopadhyay.
