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Katrina Kaif claims no unaccounted income or unaccounted lockers declared

January 29, 2011 702 Views 0 comment Print

Ms. Katrina Kaif is a rather pained woman. The IT tax raids and the unsavoury publicity, notwithstanding, Kaif is rather miffed over tabloids tinting her a slimy tax evader. And this whole talk of her unaccounted moolah running into crores of rupees and the undisclosed lockers have quite rankled her starry nerves.

No VDIS scheme for those who stashed black money abroad – Gove Clarifies

January 29, 2011 408 Views 0 comment Print

The government said it has no plans to bring out a tax amnesty scheme to lure black money stashed away in foreign accounts. The finance ministry made this submission before Parliament’s standing committee on finance.

Women power comes to the fore – ICAI

January 28, 2011 474 Views 0 comment Print

Institute of Chartered Accountants of India president Amarjit Chopra today said women taking up accounting profession have increased recently. Addressing the members of the local chapter Chopra said nearly 40 per cent of the 6 lakh students currently

It dept claims it detects Rs 11 cr undeclared wealth at homes of Priyanka, Kasbekar'

January 28, 2011 384 Views 0 comment Print

Income-tax officials on Thursday claimed to have detected documents revealing unaccounted wealth of around Rs 11 crore during their searches at the properties of actress Priyanka Chopra and photographer Atul Kasbekar. Documents seized during searches at the office and homes of the two celebrities have reportedly revealed a total unaccounted income of around Rs 11 crore.

SC asks govt to ascertain source of black money

January 28, 2011 456 Views 0 comment Print

Expressing concern that black money stashed in banks abroad might have originated from arms deals, drug trafficking and smuggling, the Supreme Court today asked the government as to what action it had taken against individuals and firms having foreign accounts.

Sebi to impart financial skills to home makers, students

January 28, 2011 441 Views 0 comment Print

Market regulator Securities and Exchange Board of India (Sebi) will impart financial education and investments skills to executives, home-makers and even school children, to spread awareness about sound investment practices and promote financial incl

Treat corp funding to political parties as expense – ICAI

January 28, 2011 510 Views 0 comment Print

Corporate funding to political parties should be treated as expenditure in order to increase transparency in financial statements and curb black money flow, Accounting regulator ICAI has said. It also added that Companies Bill should incorporate this

Empanelment of Schools/ Educational Institutions for holding May-2011 CA Exams & CPT June-2011

January 28, 2011 739 Views 0 comment Print

Empanelment of Schools/ Educational Institutions for holding May-2011 Chartered Accountants Examinations and Common Proficiency Test June-2011 The ICAI conducts Chartered Accountants Examinations in most of the cities in the Country as under :

50 DoT officials under CVC scanner for graft

January 28, 2011 396 Views 0 comment Print

The Central Vigilance Commission has imposed major penalty on 226 officials of different government organisations for their alleged involvement in corrupt practices. Out of the total 226, a highest of 50 are from Department of Communications, 36 from

Income Tax Scrutiny- Dept upgrading system to avoid scrutiny of Assessee for transaction done in one year in year after

January 28, 2011 1466 Views 0 comment Print

Income tax department is upgrading its system to ensure an assesse, scrutinised for a particular financial transaction, does not land in trouble the year after. The income tax department has undertaken intensive upgrade of its software and systems responsible for picking up cases for intensive scrutiny.

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