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LatestAccounting And Audit 1 August 2026

ICAI Updates and Tax News

The Institute of Chartered Accountants of India has reopened the CA Final November 2026 exam application window and invites stakeholder feedback on the review of CA education and training scheme. Additionally, there are updates on Ind AS 118 and income tax filing deadlines, with the government stating that the portal is ready for the last-minute rush and individuals with capital gains or rental income from multiple house properties not requiring a tax audit needing to file their returns by the deadline.

The Institute of Chartered Accountants of India has made several important announcements recently.
- The CA Final November 2026 exam application window has been reopened, with the last date to register being August 05, 2026.
- The ICAI is reviewing its CA education and training scheme and invites stakeholder feedback by August 18, 2026.
- There are updates on Ind AS 118, which will require companies to update their financial statement close process and make necessary changes to their accounting systems.
- The income tax filing deadline has been a major concern, with the government stating that the portal is ready for the last-minute rush and individuals with capital gains or rental income from multiple house properties not requiring a tax audit needing to file their returns by the deadline.

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