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Archive: January, 2011

Posts in January, 2011

ICAI launches Live Virtual Classes in 22 Cities

January 2, 2011 510 Views 0 comment Print

Live Virtual Classes started on December 28,2010. Inaugurated by ICAI president CA Amarjit Chopra. Classes will start from second week of January 2011.Live virtual classes will be conducted in 22 cities across India. Following are the list of 22 ci

Subhir Chandra is CBDT chairman

January 2, 2011 1149 Views 0 comment Print

Having accepted the Mankad committee recommendation which limits the tenure of CBDT chairman to one year, Sudhir Chandra IRS 1973 Member Investigation assumed charges on Friday in place of retiring Chairman SSN Murthy. Prior to this new role, Mr Chandra, a 1973-batch Indian Revenue Service (IRS) officer, has been Member (Investigation) in CBDT since February 2009.

Income Tax dept gets info on IPL finances from UK, Mauritius

January 2, 2011 441 Views 0 comment Print

The Income Tax department has got substantial information from the UK and Mauritius on overseas accounts of “non-residents” who invested in the cash-rich IPL after months of communication with the two countries. The department, as part of its probe into financial dealings in the T20 tournament, has also sent official requests to Switzerland and Ireland to share financial data.

CITI Bank Fraud- Hero Group exposure Rs 28.75cr, Police questions CFO

January 2, 2011 582 Views 0 comment Print

Hero Group said on Friday its exposure in the alleged financial fraud unearthed at Citigroup’s Gurgaon branch in Haryana was Rs 28.75 crore and that it was taking action to recover its dues. On December 28, US-based Citigroup had said it was investig

Citibank fraud- RBI to probe scam

January 2, 2011 510 Views 0 comment Print

The Reserve Bank of India (RBI) has begun a probe into the Rs. 300 crore fraud at Citibank’s Gurgaon branch. RBI Executive Director G Gopalakrishna told reporters on Friday, that soon a statement in this regard would be made. Shivraj Puri, a bank e

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