As per SC diary case status the PIL is listed for hearing on 28/6/21. Click here for further details https://main.sci.gov.in/case-status. Dairy No. 13269
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Monday, June 21, 2021
Saturday, May 1, 2021
NEW RBI Norms for CA – Audit Giants Can’t Continue Their Cosy Arrangements with Private Banks and NBFCs
EXECUTIVE SUMMARY. The integrity of audits in private sector banks and non-bank financial companies (including housing finance) has received a major boost, while large global and domestic audit firms have been dealt a body blow by the Reserve Bank of India’s new guidelines for the
Sunday, April 25, 2021
With 3.50 lakh new Covid positive cases per day in India will ICAI be able to conduct CA exams in May 2021 on schedule?
Well the situation on ground is very grim with hospitals running out of beds and oxygen in major cities as far as covid virus spread is concerned. The situation is much more worst than in April 2020. The lockdowns than had helped limit the spread but so called second wave of this pandemic has outnumbered the spread by five times what it was last year same time around.
Students will clearly remember that last year May 2020 attempt had to be cancelled after multiple postponements by ICAI up to August 2020. ICAI than tried to conduct the November 2020 exams on
Monday, March 1, 2021
Wednesday, December 30, 2020
Tuesday, December 29, 2020
Monday, December 28, 2020
Saturday, December 26, 2020
Friday, December 25, 2020
GST: Restriction on utlization of ITC credit (Electronic Credit Ledger) U/r 36(4) & 86B
Wednesday, December 23, 2020
Sunday, December 13, 2020
CA arrested in Mumbai in GST fraud case
Central Goods and Services Tax, Mumbai West, Investigation team has announced the arrest of Mr. Chandraprakash Pandey, Partner of M/s. C.P. Pandey & Associates. He was arrested on account of indulging in
Tuesday, November 10, 2020
Saturday, November 7, 2020
Another CA removed by ICAI for professional misconduct
The Institute of Chartered Accountants of India (ICAI) notified the removal of a Chartered Accountant after finding him guilty of professional misconduct. The CA was
Sunday, November 1, 2020
TaxAudit Checklist u/s 44AB of Income tax Act, 1961 brought out by Direct Taxes Committee & Taxation Audit Quality Review Board of ICAI
Institute of Chartered Accountants of India - ICAI (@theicai) Tweeted:
#TaxAudit Checklist u/s 44AB of Income tax Act, 1961 brought out by Direct Taxes Committee & Taxation Audit Quality Review Board of ICAI
CA guilty of Non Reporting of non-compliance of section 40A(3) & 40(a)(ia) ICAI remove name of CA from Register of Members
Saturday, October 31, 2020
Thursday, October 29, 2020
Saturday, October 24, 2020
Thursday, October 22, 2020
Sunday, October 18, 2020
Free Income tax Return filing for senior citizens for FY 2019-20
We at CANEWSBeta are happy to announce Free Income tax Return filing for senior citizens for FY 2019-20. Following are the terms and conditions:
Saturday, October 17, 2020
Analysis of of Tax Collected at Source TCS under Section 206C (1H) of the Income Tax Act, 1961 on sale of goods wef 1st October 2020
Tax Collected at source (TCS) is Income Tax which is required to be collected by the seller (Collector) from the Buyer along with the Price of Goods and applicable taxes. Provisions relating to tax Collected at Source has been enumerated in section 206C of the Income Tax Act, 1961. There are various goods on which tax has to be collected at source which is given below :-
Friday, October 9, 2020
Thursday, October 8, 2020
Thursday, October 1, 2020
Sunday, September 27, 2020
Thursday, September 24, 2020
Wednesday, September 23, 2020
Live Webinar Series -2 on “ICAI in Conversation with its Students”
BOS (Academic) & SSEB of ICAI presents “ICAI in Conversation with its Students”, a Live Series-2 Interactive Session with students on
Sunday, September 20, 2020
Saturday, September 19, 2020
High lights of the RACP Bill 2020 introduced in Lok Sabha.(Bill no- 116 of 2020)
Direct Taxes
High lights of the RACP Bill 2020 introduced in Lok Sabha.(Bill no- 116 of 2020)
1) ITR filing for AY 2019-20 is to be extended from 30th Sep to 31-3-2021.
2) ITR filing for AY 2020-21 is to be extended from 30th Nov. to 31-3-2021.
3) Filing of audit reports under any provision for AY 2020-21 is to be extended from 31st Oct to
Sunday, August 2, 2020
Friday, July 31, 2020
ICAI announces financial assistance to its members and their dependants suffering from Corona virus
Thursday, July 30, 2020
5 income tax-related deadlines
Sunday, July 26, 2020
Saturday, July 25, 2020
Friday, July 24, 2020
NFRA bars former Deloitte head from audit for 7 years over lapses at IL&FS

MCX India Auditor Selection Norms for Cyber Security & Cyber Resilience Audit of Member
Cyber Security & Cyber Resilience Audit
Cyber Security & Cyber Resilience Audit of Member
Wednesday, July 22, 2020
Vacancy for CA Inter in Meridian Enterprises Pvt. Ltd
Nariman Point, Mumbai
Friday, July 3, 2020
ICAI announces Reduction of fees for MCS & Adv ITT Courses for students undergoing Virtual classes for May 2019, Nov 2019, May 2020 & Nov 2020 Final Students
| Students Skills Enrichment Board, BOS (O) The Institute of Chartered Accountants of India 3rd July, 2020 |
| ANNOUNCEMENT |
|
Reduction of fees for MCS & Adv ITT
Courses for students undergoing Virtual classes for May 2019, Nov 2019,
May 2020 & Nov 2020 Final Students
In view of the ongoing spurt of COVID-19 virus pandemic and subsequent suspension of IT and Soft Skills Classes all across the country, the competent authority has decided that the students of Final course exam (May 2019, November 2019, July, 2020 & November,2020) as one time measure, can undergo MCS and Advanced IT Course through Virtual Mode and has further decided to |
Wednesday, July 1, 2020
High Court directs IT department to refund Rs.833 crores to Vodafone Idea Ltd within 2 weeks
Monday, June 29, 2020
Saturday, June 27, 2020
Saturday, June 20, 2020
AAR tweaks definition of aggregrate turnover to include interest from PPF, Bank savings and loans used for GST registration threshold
The Authority for Advance Ruling (AAR) has said the value of exempted income, like interest on PPF, savings bank account and loans given to family or friends, will now be included along with taxable supplies while calculating the threshold limit for obtaining GST registration.
For businesses and individuals, they are required to obtain GST registration if their aggregate
Goods purchased, sold overseas liable to GST in India: AAR
Gutkha baron Wadhwani siphoned GST money to Pakistan, Dubai, court told evades Rs.233 crores GST
The central agency investigating the case of GST evasion of GST through illegal trading of pan
PWC loses its own case in ITAT: held that dividend-bearing securities should be considered for disallowance under Rule 8D(2)(iii) of the Income Tax Rules.
The appellant PricewaterhouseCoopers Private Limited is in the business of providing, inter alia, management consultancy services, and also accounting and business advisory services. The
Tuesday, June 16, 2020
Supreme Court order provides big relief to auditors of IL&FS ie Deloitte and BSR & Associates
Saturday, June 13, 2020
Friday, June 12, 2020
‘Postpone Examinations Till November’, demand ICAI Students on twitter
While many state education board postponing the exams, CA students demanded that the ICAI July
Parotta and roti are separate: Authority for Advance Rulings' Karnata bench hence different GST rates applicable to both
As per a recent rule by the Authority for Advance Rulings' Karnata bench, parotta and roti are separate. Distinguishing between the two Indian varieties of shortbread, the GST ruling said that
EOW arrests Congress MLC and Chairman of Shivajirao Bhosale Co-op Bank based on FIR filed by Chartered Accountant appointed as RBI Auditor
PUNE: The city police’s economic offences wing recently filed a chargesheet against Nationalist Congress Party’s sitting MLC Anil Bhosale and three other accused, pegging the total embezzlement
RBI asks SBI to appoint a qualified chartered accountant as CFO whose estimated package is Rs.1 crore
A senior SBI executive said due to the central bank's directive, the bank has decided to opt for an
Friday, May 29, 2020
Will ICAI be able to conduct exams in July
Thursday, May 21, 2020
Whatsapp can be used for virtual hearing by GST and Excise Authorities says CBIC
GST applicable on Director's Remuneration
Friday, May 8, 2020
Free Online Revision classes for CA Final, Inter & Foundation
1.) *International Tax Course* starting from *9th May 6PM* 8 weekends, 16 classes, 1.5 hours each, Practical Experience
Course coverage:- Basic to Best
Saturday, May 2, 2020
Friday, May 1, 2020
Tuesday, April 21, 2020
Is India economic super power in making with unprecedented fall in crude oil prices
Sunday, April 12, 2020
Contribution to PM CARES Fund qualifies as CSR expenditure, Contribution to CM’s Relief Fund does not: MCA
Saturday, April 11, 2020
CANeWsBeta*- Monthly Top Commentator Contest win Rs.1000/- p.m
Seasons Greetings to all our viewers!
CANeWsBeta is happy to announce Top Commentator Monthly Contest. Now win Rs.1000 talktime or recharge of utility bills or DTH services by just commenting on the our news articles at :https://canewsbeta.blogspot.com/
Terms & Conditions of the contest:
Friday, April 10, 2020
How to withdraw from EPF if you need money due to coronavirus
The government announced last week that you can withdraw a certain amount from your Employees' Provident Fund (EPF) corpus, if you are facing financial problems due to the coronavirus-related
Vacancy for CA in P&G
Description
About Procter & Gamble:
Procter & Gamble is one of the largest FMCG (Fast Moving Consumer Goods) company in the world with strong brands like Pampers, Ariel, Always, Gillette and Oral B just to name a few. For more
Notice Inviting Expression of Interest for engagement of Chartered Accountants Firms for Statutory Audit of various units of the Institute of Chartered Accountants of India (ICAI) for the financial year 2020-21.
-
Apr, 15 2020
-
The Institute of Chartered Accountants of India, Multi Location, Multi State
Notice Inviting Expression of Interest for engagement of Chartered Accountants Firms for Statutory Audit of various units of the Institute of Chartered Accountants of India (ICAI) for the financial year 2020-21.
Address :
Notice Inviting Expression of Interest for engagement of Chartered Accountant Firms for Internal Audit of various units of the Institute of Chartered Accountants of India (ICAI) for the financial year 2020-21.
-
Apr, 15 2020
-
The Institute of Chartered Accountants of India, Multi Location, Multi State
Notice Inviting Expression of Interest for engagement of Chartered Accountant Firms for Internal Audit of various units of the Institute of Chartered Accountants of India (ICAI) for the financial year 2020-21.
Address :
Tender for chartered accountant services for Nathdawara Temple Board
-
Apr, 15 2020
-
Nathdawara Temple Board, Nathdwara Rajasthan
Tender for chartered accountant on retainer ship.
Address :
Tuesday, April 7, 2020
ICAI: Standard 12 Students Can Provisionally Register For CA Course
| Announcement |
| 5th April 2020 |
|
Sub: Allowing provisional registration in the
Foundation Course of Institute of Chartered Accountants of India (ICAI)
for students who have been allotted either admit card and/or appeared
in one or more papers of Class XII examinations
Due to the outbreak of the COVID -19 pandemic, the CBSE/ICSE/State Boards have postponed Class 12th Board examinations that were to be held from 19th March 2020 and onwards. In view of above, such candidates who are not able to register themselves in the Foundation due to non-appearance in all papers of class 12th Examination, the Competent Authority has decided to relax the eligibility criteria for registering in Foundation Course, as a one-time measure, which is as |
Monday, April 6, 2020
Request for Proposal (RfP) for Appointment of Chartered Accountant firm / LLP / company for Handling Direct Tax matters of DICGC for FY 2020-2021
-
Apr, 07 2020Request for Proposal (RfP) for Appointment of Chartered Accountant firm / LLP / company for Handling Direct Tax matters of DICGC for FY 2020-2021
Address :
Statewise official Active Covid-19/Coronavirus cases in India as on 6/4/2020 9 a.m alongwith detailed analysis of statewise increase/decrease
| S. No. | Name of State / UT | Total Confirmed cases (Including 66 foreign Nationals) | Cured/Discharged/ Migrated |
Death |
|---|---|---|---|---|
| 1 | Andhra Pradesh | 226 | 1 | 3 |
| 2 | Andaman and Nicobar Islands | 10 | 0 | 0 |
| 3 | Arunachal Pradesh | 1 | 0 | 0 |
| 4 | Assam | 26 | 0 | 0 |
| 5 | Bihar | 30 | 0 | 1 |
| 6 | Chandigarh | 18 | 0 | 0 |
| 7 | Chhattisgarh | 9 | 3 | 0 |
| 8 | Delhi | 503 | 18 | 7 |
| 9 | Goa | 7 | 0 | 0 |
| 10 | Gujarat | 122 | 18 | 11 |
| 11 | Haryana | 84 | 25 | 1 |
| 12 | Himachal Pradesh | 13 | 1 | 1 |
| 13 | Jammu and Kashmir | 106 | 4 | 2 |
| 14 | Jharkhand | 3 | 0 | 0 |
| 15 | Karnataka | 151 | 12 | 4 |
| 16 | Kerala | 314 | 55 | 2 |
| 17 | Ladakh | 14 | 10 | 0 |
| 18 | Madhya Pradesh | 165 | 0 | 9 |
| 19 | Maharashtra | 690 | 42 | 45 |
| 20 | Manipur | 2 | 0 | 0 |
| 21 | Mizoram | 1 | 0 | 0 |
| 22 | Odisha | 21 | 2 | 0 |
| 23 | Puducherry | 5 | 1 | 0 |
| 24 | Punjab | 68 | 4 | 6 |
| 25 | Rajasthan | 253 | 21 | 0 |
| 26 | Tamil Nadu | 571 | 8 | 5 |
| 27 | Telengana | 321 | 34 | 7 |
| 28 | Uttarakhand | 26 | 4 | 0 |
| 29 | Uttar Pradesh | 227 | 19 | 2 |
| 30 | West Bengal | 80 | 10 | 3 |
| Total number of confirmed cases in India | 4067* | 292 | 109 | |
| *States wise distribution is subject to further verification and reconciliation | ||||
Total rise of 472 cases in India compared to 5/4/2020. Also see status as on 5/4/2020 click here
Total average percentage increase across India of 20.54% in a day.
There is reduction in percentage increase of cases in following states compared to 5/4/2020 ie in 24 hrs:
Sunday, April 5, 2020
Saturday, April 4, 2020
Statewise official Active Covid-19/Coronavirus cases in India as on 5/4/2020 9 a.m alongwith detailed analysis of statewise increase/decrease
| S. No. | Name of State / UT | Total Confirmed cases (Including 65 foreign Nationals) | Cured/Discharged/ Migrated |
Death |
|---|---|---|---|---|
| 1 | Andhra Pradesh | 161 | 1 | 1 |
| 2 | Andaman and Nicobar Islands | 10 | 0 | 0 |
| 3 | Arunachal Pradesh | 1 | 0 | 0 |
| 4 | Assam | 24 | 0 | 0 |
| 5 | Bihar | 30 | 0 | 1 |
| 6 | Chandigarh | 18 | 0 | 0 |
| 7 | Chhattisgarh | 9 | 3 | 0 |
| 8 | Delhi | 445 | 15 | 6 |
| 9 | Goa | 7 | 0 | 0 |
| 10 | Gujarat | 105 | 14 | 10 |
| 11 | Haryana | 49 | 24 | 0 |
| 12 | Himachal Pradesh | 6 | 1 | 1 |
| 13 | Jammu and Kashmir | 92 | 4 | 2 |
| 14 | Jharkhand | 2 | 0 | 0 |
| 15 | Karnataka | 144 | 12 | 4 |
| 16 | Kerala | 306 | 49 | 2 |
| 17 | Ladakh | 14 | 10 | 0 |
| 18 | Madhya Pradesh | 104 | 0 | 6 |
| 19 | Maharashtra | 490 | 42 | 24 |
| 20 | Manipur | 2 | 0 | 0 |
| 21 | Mizoram | 1 | 0 | 0 |
| 22 | Odisha | 20 | 0 | 0 |
| 23 | Puducherry | 5 | 1 | 0 |
| 24 | Punjab | 57 | 1 | 5 |
| 25 | Rajasthan | 200 | 21 | 0 |
| 26 | Tamil Nadu | 485 | 6 | 3 |
| 27 | Telengana | 269 | 32 | 7 |
| 28 | Uttarakhand | 22 | 2 | 0 |
| 28 | Uttar Pradesh | 227 | 19 | 2 |
| 29 | West Bengal | 69 | 10 | 3 |
| Total number of confirmed cases in India | 3374* | 267 | 77 | |
| *States wise distribution is subject to further verification and reconciliation | ||||
Total rise of 472 cases in India compared to 4/4/2020. Also see status as on 4/4/2020 click here
Total average percentage increase across India of 16.26% in a day.
There is reduction in percentage increase of cases in following states compared to 4/4/2020 ie in 24 hrs:
ICAI should come out with Guidance note on Audit procedures during epidemic to prevent health risk of articles and members
Statewise official Active Covid-19/Coronavirus cases in India as on 4/4/2020 9 a.m
COVID-19 Statewise Status Also see status as on 22/3/2020 click here
| S. No. | Name of State / UT | Total Confirmed cases (Including 57 foreign Nationals) | Cured/Discharged/ Migrated |
Death |
|---|---|---|---|---|
| 1 | Andhra Pradesh | 161 | 1 | 1 |
| 2 | Andaman and Nicobar Islands | 10 | 0 | 0 |
| 3 | Arunachal Pradesh | 1 | 0 | 0 |
| 4 | Assam | 24 | 0 | 0 |
| 5 | Bihar | 29 | 0 | 1 |
| 6 | Chandigarh | 18 | 0 | 0 |
| 7 | Chhattisgarh | 9 | 3 | 0 |
| 8 | Delhi | 386 | 8 | 6 |
| 9 | Goa | 6 | 0 | 0 |
| 10 | Gujarat | 95 | 10 | 9 |
| 11 | Haryana | 49 | 24 | 0 |
| 12 | Himachal Pradesh | 6 | 1 | 1 |
| 13 | Jammu and Kashmir | 75 | 3 | 2 |
| 14 | Jharkhand | 2 | 0 | 0 |
| 15 | Karnataka | 128 | 12 | 3 |
| 16 | Kerala | 295 | 41 | 2 |
| 17 | Ladakh | 14 | 3 | 0 |
| 18 | Madhya Pradesh | 104 | 0 | 6 |
| 19 | Maharashtra | 423 | 42 | 19 |
| 20 | Manipur | 2 | 0 | 0 |
| 21 | Mizoram | 1 | 0 | 0 |
| 22 | Odisha | 5 | 0 | 0 |
| 23 | Puducherry | 5 | 1 | 0 |
| 24 | Punjab | 53 | 1 | 5 |
| 25 | Rajasthan | 179 | 3 | 0 |
| 26 | Tamil Nadu | 411 | 6 | 1 |
| 27 | Telengana | 158 | 1 | 7 |
| 28 | Uttarakhand | 16 | 2 | 0 |
| 28 | Uttar Pradesh | 174 | 19 | 2 |
| 29 | West Bengal | 63 | 3 | 3 |
| Total number of confirmed cases in India | 2902 | 184 | 68 | |
ICAI CA Final May 2019 Question Papers with Suggested Answers (Old Course)
| Subject | Question Paper | Suggested Answers |
|---|---|---|
| Paper 1: Financial Reporting | Download | Download |
| Paper 2: Strategic Financial Management | Download | Download |
| Paper 3: Advanced Auditing and Professional Ethics | Download | Download |
| Paper 4: Corporate and Allied Laws | Download | Download |
| Paper 5: Advanced Management Accounting | Download | Download |
| Paper 6: Information Systems Control and Audit | Download | Download |
| Paper 7: Direct Tax Laws | Download | Download |
| Paper 8: Indirect Tax Laws | Download | Download |
Friday, April 3, 2020
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