« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  Tax benefits on office space rentals sought... Mumbai institute to offer CA, IAS, CAT courses via satellite... » IFCAI prepares `Vision Document 2021` November, 12th 2007 Unprecedented growth and a host of changes in the profession of chartered accountants (CA) has compelled the Institute of Chartered Accountants of India (ICAI) to revisit their vision document, 2011 and prepare Vision Document 2021.   The Institute first prepared the vision document in 2001 for 2011. But as Sunil Talati, president, ICAI, puts it, unexpected growth in the profession has made ICAI ponder upon the changing interest of the stakeholders and growing expectations of the government and the society at large.   Since 2001, nature of this profession has somersaulted. In 2001, as many as 60 per cent of the students passing the CA examination, were opting for practice and very few opted for employment in other companies. But since the last two years there is a complete reversal of trend. Around 85 per cent of these students are opting for employment in various companies, Talati said.   Though ICAI does not see this as a problem, it feels that more needs to be done to take care of the needs of those in employment, as well as those in practice.   We are welcoming the change as it is not impacting the strength of our membership. Both members, in practice as well as employment, are doing well for themselves. By and large, we are encouraging the membership of the institute. If a CA has got a job and discontinues membership, certain disciplinary actions are taken against him. For instance, he is disallowed to use CA before his name and so on," Talati added.   He further added, that till 2004, the annual intake of students was 2,00,000 which has now, within three years, has gone up to 4,00,000.   According to him, given the scheme of things and pace at which the profession is growing, the new vision document will focus primarily on the growth of both professionals in practice and in employment.   The previous document focused on the mandate of the institute, its role in building up the profession and developing it. The revised document would lay emphasis on the growing importance of India in the International Federation of Accountants (IFAC) and International Auditing and Assurance Standards Board (IAASB), and internal issues like managing the human resource (HR) policies of ICAI.   The document being prepared by the vision committee of ICAI will take about four months to take final shape. The revised vision document, all in all, would state what ICAI would be 15 years from now,Talati added.