CA from the UK and Canada may be allowed to practice in India

CA from the UK and Canada might be allowed to practice in India on a reciprocal basis, with the apex body ICAI proposing to the Government.

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ICAI President Ranjeet Kumar Agarwal, on February 21, said the proposal will be implemented strictly.

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On a reciprocal basis, chartered accountants from India will also be allowed to practice in the United Kingdom and Canada.

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It will be the first time overseas CAs will be allowed to practice in India.

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The proposal is part of India's ongoing Free Trade Agreements (FTAs) negotiations with the UK and Canada.

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Mr. Agarwal also said that a similar arrangement is being looked at with Australia.

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Once the reciprocal system is implemented, CAs from the UK and Canada must be registered with the ICAI, which will regulate them.

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