The Central Bureau of Investigation has arrested an Inspector of Income Tax, Range-3, Lucknow for demanding & accepting a bribe of Rs.50,000/- from the complainant. A case was registered against an Inspector, Income Tax, Range-3, Lucknow alleging demand of illegal gratification of Rs.5,00,000/- on behalf of an Income Tax Officer from the complainant for settling […]
Call to contribute towards Swachh Bharat Abhiyan- 09.02.2015 Swachh Bharat Abhiyaan launched by Hon’ble Prime Minster of India Shri Narendra Modi on 2nd October, 2014 not only aims at correcting the country’s reputation for poor public hygiene and rudimentary sanitation but also promises a positive economic impact. It is a more of a privilege that […]
An awards presentation ceremony to honour the awardees of ‘ICAI Awards for Excellence in Financial Reporting’ was held on February 8, 2015 at Chennai. CA. K. Rahman Khan, M.P., Rajya Sabha, Former Union Minister of Minority Affairs & former Deputy Chairman Rajya Sabha, was the Chief Guest at the occasion. A list of awardees for […]
The Union Finance Minster Shri Arun Jaitley during his Budget Speech of 2014-15 announced that an entrepreneur friendly legal bankruptcy framework would be developed for SMEs to enable easy exit. Pursuant to the above announcement, a Committee was set-up under Shri TK Viswanathan, former Secretary General, Lok Sabha and former Union Law Secretary, on […]
Concealment Penalty Proceedings U/S 271(1)(C) of Income Tax Act 1961 Initiated in 128 Cases in which Assessments were Completed While in the Remaining Cases, Assessment Proceedings are at Advance Stage; Information About Hsbc Foreign Bank Accounts was Received from the French Authorities in Respect Of 628 Indian Persons/Entities; Necessary Investigation as Per The Provisions of […]
FM: Global Situation is Favourable to the Country as more and more Investors are Showing Curiosity and Interest in India; Our Major Challenges will be to Boost Investment Especially in Infrastructure Sector and Give Further Boost to Both Manufacturing and Agriculture Sector Among Others
We have come across the following email communication containing unauthentic, misleading and distorted information relating to CPT & Final Exams of CA Course and ICAI website circulated by someone fraudulently using domain name of ICAI and thus giving an impression that the same has been sent by Director, Board of Studied, ICAI.
A meeting between the Department officers and Office Bearers of WIRC is scheduled in the next week, to ascertain the corruption issues faced by members while interacting with the officials and officers of the department at various levels.
In Mumbai on Wednesday RBI Governor Raghuram Rajan said that there is a need for increase in tax exemption limit under section 80C on financial investments by individuals. Currently Section 80C allows investments up to Rs.1.50 lakh. Section 80C was introduced in place of section 88 w.e.f. 1-4-2006. Limit of One Lakh of Investment under […]
ICAI Press Release – Result of IPC Examination held in Nov’14 declared. – (04-02-2015) The Institute of Chartered Accountants of India (ICAI) announced the result of Chartered Accountants Intermediate (IPC) examination held in Nov, 2014. The toppers of IPC examination held in Nov, 2014 are from Kolkata, Chennai and Panipat. The details of the top […]
