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ICAI Extends Deadlines for Peer Review Mandate Phases III and IV

In a significant move, the Institute of Chartered Accountants of India (ICAI) has announced the extension of deadlines for Phases III and IV of the mandatory Peer Review Mandate. The revised implementation dates, as approved by the ICAI Council, provide additional time for compliance, particularly for …

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ICAI Releases Exposure Draft of Guidance Note on Audit of Banks (2025 Edition)

The Auditing and Assurance Standards Board (AASB) of the Institute of Chartered Accountants of India (ICAI) has released the Exposure Draft of the Guidance Note on Audit of Banks (2025 Edition) for public comments. This annual Guidance Note provides comprehensive instructions to auditors conducting statutory audits of banks …

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ICAI Invites Volunteers for Prestigious World Forum of Accountants (WOFA) 2025

Announcement Invitation for Volunteers for World Forum of Accountants (WOFA) ICAI is organizing the World Forum of Accountants (WOFA) with the theme “Accountability Meets Innovation (AI): For a Sustainable Planet,” inspired by India’s philosophy of “Vasudhaiva Kutumbakam” (The World is One Family), focusing on AI-driven solutions …

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ICAI Announces Requirements for May 2025 CA Exams

The Institute of Chartered Accountants of India (ICAI) has released comprehensive guidelines for candidates planning to appear in the May 2025 CA exams. To ensure a seamless application process, students are advised to update their records and fulfill all eligibility criteria via the Self-Service Portal (SSP). …

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ICAI to host World Forum of Accountants 2025 in New Delhi

More than 8000 Delegates from over 40+ Countries congregate at the Biggest Accounting Festival in India 3 Day Event, over 150+ globally renowned speakers will deliberate on 40 + insightful sessions The Institute of Chartered Accountants of India (ICAI) is all set to host World Forum …

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ICAI Convocation February – 2025

Members & Students Services Directorate The Institute of Chartered Accountants of India 17th January, 2025Convocation February – 2025 The next ICAI Convocation will be held at following Cities as per date mentioned, for Members who are enrolled during the period from 16th June, 2024 to 31st December, 2024. …

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Important Announcement – CA Examinations May 2025

No. 13-CA (EXAM)/MAY/2025: 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 next Chartered Accountants Foundation, Intermediate and Final Examinations will be held on the dates and places …

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Budget 2025 Preview: FM Sitharaman’s Strategies to Address Inflation and Growth

In the July 2024 Budget, Finance Minister Nirmala Sitharaman aimed to provide relief to India’s middle and lower-income households by widening the income tax slab for zero tax and increasing the standard deduction for salaried individuals. This was designed to boost disposable income, stimulate consumer spending, …

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Pre-Budget 2025: MSME Stakeholders Demand GST Cuts, Tech Upgrades and PLI Expansion

Micro, Small, and Medium Enterprise (MSME) stakeholders urged the government to implement GST reductions, technology upgrades, and extend Production-Linked Incentive (PLI) benefits to various sectors during a pre-Budget meeting with Finance Minister Nirmala Sitharaman on Saturday. The interaction aimed to gather inputs for the Union Budget …

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Income Tax Implications on Sale of Property

The sale of property in India has tax implications which depend on various factors like the type of property, holding period, and the residential status of the seller. Basically, it attracts capital gains tax. Following is an overview: 1. Nature of Capital Gains Holding period i.e. …

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