The Comptroller and Auditor General (CAG) will start the audit work of Commonwealth Games Village here from October 28 to probe allegations of financial irregularities. Official sources said the CAG will also audit the accounts of Delhi Development A
Unique Identification is merely a string assigned to an entity that identifies the entity uniquely. Every person residing in India will soon have a UID. Biometric identification system and checks would be used to ensure that each individual is assign
There cannot be discrimination among employees holding the same posts and doing similar nature of work in terms of their pay scale unless one has higher qualifications, Delhi High Court has said. The court dismissed an appeal filed by the Centre agai
The Bombay High Court will soon hear a petition filed by the income tax (IT) department pertaining to a 10-year-old case involving alleged tax evasion of Rs.40 million by Bollywood actor Salman Khan.The IT department has challenged an order of the in
The Income Tax department has received financial details of more than Rs 150 crore in overseas accounts from some tax haven countries of “non- residents” who invested in the IPL. The department had few months ago approached an exclusive cell in the F
We have summarised below few frequently asked questions and answers which arise in respect of deduction of TDS on transport Charges and in respect of TDS return filing requirement when no TDS been deducted on Transport Charges Paid to the Transporte
ESIC has embarked upon a major computerization program called “Project Panchdeep”. Employers will be able to make all statutory compliances like registration of employees, payment of ESIC dues and submission of statements online. This facility has al
Deductors are required to file eTDS statement every quarter. Any error/ omission in original statement filed has to be rectified by filing a correction statement. It was possible to file multiple correction statement in respect of one original return
The Committee on International Taxation is in the process of identifying issues that need to be taken up in the Pre-Budget Memorandum on International Taxation – 2011 to be submitted to the Ministry of Finance. The Committee invites suggestions on I
The Council of the Institute had recently considered the draft Report on Operation of Multinational Network Accounting Firms in India, which inter alia, was based on examination of documents/details provided by many CA firms registered with ICAI and
