In a twist to the Satyam fraud case, a global IT research firm has revealed details which may point to a collusion between Price Waterhouse Coopers and Satyam Computers. The report, by Gartner, indicates that PwC was in a strategic partnership with Satyam till last year, even as its Indian arm was auditing the firm headed […]
Corporatisation of agriculture and vast income potential of commercial crops have attracted the attention of accounting regulator ICAI, which for the first time is evolving accounting norms for the sector. “So far, there are no rules and standards for the agriculture sector. How do you value tea and coffee crops or other commercial crops? We […]
MUMBAI: Salaried taxpayers who have not received refunds for assessment years 2003-04 to 2006-07 can find out whether their refunds have been returned undelivered from this link: http://www.incometaxindia.gov.in/CCIT/refundsearch.asp You can get the information from the menu `undelivered salary refund management system’, using your PAN number. If any refund has been returned undelivered due to a […]
In March 2008, Central Board of Direct Taxes (CBDT) inserted Rule 8D in the income tax rules laying down the formula for the disallowance of expenses incurred in relation to exempt income. With the recent pressures to boost tax collections, the rule has created an endless bout of litigation as authorities are taking aggressive tax positions resulting […]
Uttam Prakash Agarwal, president of Institute of Chartered Accountants of India (ICAI), has been in focus lately, handling queries on the role of auditors in the Satyam Computer fiasco. Agarwal, who is also chairing the six-member high-level committee set up by ICAI to look into the Satyam scandal, talked to Vivek Seal of DNA on […]
ICAI have introduced the facility for C.A. Final students , C.A. PCE-II Students & CA PCE students appearing in June 2009 examination. For getting the same student need to enter either there Old/New Registration No. or there Bar Code with PIN. Link to Download the same is follows:- Download Admit card online http://icai.nic.in/admit.php All the best […]
1. New Users can register their Digital Certificate during registration process 2. During Registration and Forgot Password, Captcha Image needs to be entered by the user for verification. If the image is not clear for the user, they can refresh and get a new image 3. After successful registration of user, User Activation URL sent […]
The Reserve Bank of India has empowered practicing company secretaries to issue Diligence Reports to scheduled commercial banks which will confirm the mandatory compliance with all statutory and contractual obligations by companies availing multiple banking or consortium lending arrangements. Primary Urban Co-operative Banks have also come under this directive of the country’s central bank. These […]
SEBI explores easing norms for IPOs, QIPs, and rights issues to streamline the fundraising process for companies.
ITR-1 return of income for individuals having income from salary/ pension/ family pension and not having any other income except income by way of interest Chargeable to income-tax under the head Income from other sources; (ii) ITR-2 return of income for Individuals and Hindu Undivided Families (HUFs) not having any income under the head Profits or gains of business or profession;
