ICAI defers provisions of Tax Services to Audit Clients, Fees based on Relative Size and NOCLAR

ICAI defers provisions of Tax Services to Audit Clients, Fees based on Relative Size and NOCLAR Provisions of Volume-I of Code of Ethics, 2019, deferred earlier, were to come into force w.e.f 1st April 2022 The Council of The Institutes of Chartered Accountants of India [ICAI] at its 410th Meeting held on 24th and 25th March 2022 decided that the applicability of the provisions related to Responding to Non-Compliance with Laws and Regulations (NOCLAR) [Sections 260 and 360], Fees - Relative Size [Paragraphs 410.3 to R410.6] and Tax Services to Audit Clients [Subsection 604] be further deferred for a period of six months (i.e. till 30th September 2022) to ensure effective adoption and implementation by the membership at large. A rollout plan for these provisions will be announced suitably. This announcement was made by CA. (Dr.) Jai Kumar Batra, Secretary, ICAI. Source