Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: list of goods taxed at 4% :: VAT Audit :: VAT RATES :: TDS :: empanelment :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
ICAI »
 Post-Budget Memorandum - 2017 Direct Taxes And International Tax
 CPE Events 27th February - 4th March 2017
 Guidance Note on Audit of Banks 2017 edition issued by the Auditing and Assurance Standards Board
 Constitution of Group to consider the entire structure to study circles, exploring ways and means to obtain independent PAN, TAN, Service Tax registration
 Group for formulating Foreign Travel Policy of the Institute
 Register for Webinar Organized By CPA Ontario in Association with Canada (Toronto) Chapter of ICAI on March 15, 2017.
 CPE Events 20th February - 25th February 2017
 Regarding Empanelment of professionals having at least fifteen years of continuous practice as a Chartered Accountant with RD MCA as Mediator or Conciliator for the year 2017-2018
 Extension of the Last date for submission of online application for empanelment of Chartered Accountants firms/LLPs with O/o C&AG for the year 2017-18.
 CPE Events 13th February - 18th February 2017
 ICAI elects New Torch-Bearers for the year 2017-18

An agreement for sharing best practices
December, 12th 2008
The news that the Institute of Chartered Accountants of India has signed an agreement with the Institute of Chartered Accountants of England and Wales, allowing both countries to recognise the qualification of chartered accountants from the other country, is very welcome indeed. The agreement will enable the large numbers of overseas students, many of them Indian, who gain UK qualifications to return home and become members of the ICAI, and vice versa. Similarly , those Indian CAs who wish to work in the UK will be able to acquire a practicing certificate on the same terms as a UK member and eventually reach Partner level. This new arrangement will help to increase the mobility within the accountancy profession and help accountants in both countries better serve the needs of firms in the UK, India and elsewhere. India and the UK are in a strategic and equal partnership based on many long-established ties, grounded in shared values, and literally millions of individual personal relations. Many in the Indian business community want and need access to the advice of international accountancy firms and many global businesses keen on expanding in India and the UK want to bring in their own trusted advisers. However, although this agreement is a definite step in the right direction, it does not address a key issue: the use of international firms names in India. The regulations to allow this are dependent on the LLP legislation which is scheduled to be considered by the Indian Parliament . This is of vital importance for creating an open market for the accountancy profession in India. That said, having spent my entire career as a CA in public practice and as a Partner for almost thirty years, I am a strong believer that the key regulatory issue must be on quality, rather than on brand-names . The agreement is an historic first step on a path to opening our respective markets without devaluing high standards. The agreement is founded on the premise that quality is paramount and that the high standing of the CA qualification in both countries must be preserved. It is hoped that this agreement will be followed shortly by further freedom of establishment, allowing international firms to work in both countries and offer consumers both business and individuals, the widest possible competitive choice. Such openness and reciprocity will bring huge benefits to industry and commerce, as it will ensure that good advice will be freely available at a competitive market price. Competition and increased mobility for professionals is ultimately good for business and our economies as a whole as it raises standards and I look forward to our two countries working and sharing best practice on this matter.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions