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ICWAI announces address of Polling Booths at Places having more the one polling booth

January 12, 2011 2111 Views 0 comment Print

In pursuance of Clause (3) of Schedule 2 of the Cost and Works Accountants (Election to the Council) Rules, 2006, the addresses of different polling booths at place where there are more than one polling booth for the ensuing Election to the Council a

Indo-Swiss tax treaty hits bureaucratic hurdle

January 12, 2011 657 Views 0 comment Print

The revised tax treaty between India and Switzerland, to enable access to Swiss accounts of tax evaders, seems to have hit bureaucratic hurdle as the two governments are yet to notify each other on the required legal and procedural approvals. As per

India to replace US as 2nd largest economy by 2050 – PwC

January 12, 2011 742 Views 0 comment Print

India is poised to overtake the USA and emerge as the World’s second largest economy on purchasing power parity basis by 2050 and has the potential to supersede China to the top spot, says a report published by PwC. China is expected to overtake the

Onion prices ease by Rs 5-10/kg following IT raids on traders

January 12, 2011 456 Views 0 comment Print

Onion prices on Friday eased by Rs 5-10 a kg in major metros following raids on traders by income tax (I-T) authorities in several states like UP, Tamil Nadu, Punjab, Haryana and J&K. As the I-T officers were swooping down on big onion traders, cabinet secretary K M Chandrasekhar is believed to have told state chief secretaries through a video conference to put the local taxes like octroi and mandi levies on hold for three months on vegetables.

ICAI, AIA of UK sign joint declaration to benefit CAs and students

January 12, 2011 1105 Views 0 comment Print

THE ICAI and the Association of International Accountants, UK have signed Joint Declaration to benefit both, the Chartered Accountants and the students who pursue CA course. An Honorary membership of the AIA was also conferred upon the President of t

CBI raids 14 Customs officers and one Custom House Agent in corruption case

January 12, 2011 921 Views 0 comment Print

CBI in Mumbai CBI conducted a large-scale operation on Tuesday at official and residential premises of 14 Customs officials and a CHA. As per the CBI Release, it was alleged that Customs officials of different ranks from Additional Commissioner to Pr

Citi Bank fraud – Sebi probes violation in income proof rules

January 12, 2011 699 Views 0 comment Print

In connection with the alleged Rs 300-crore Citibank fraud, Sebi is probing whether the stock brokers collected from the accused his income proof documents, a mandatory requirement for trade in derivatives market. The market regulator had made it ma

FM Starts Pre-Budget Consultations; holds first meeting with Stakeholders from Agricultural Sector

January 12, 2011 372 Views 0 comment Print

Union Finance Minister Shri Pranab Mukherjee started his pre-Budget consultations for the preparation of Union Budget 2011-12 from today. He held his first pre-Budget meeting this year with the stakeholders from the agricultural sector.

ICAI approaches MCA for amendment of CA Act -Sources

January 10, 2011 564 Views 0 comment Print

CNBC-TV18 learns that the Institute of Charted Accountants of India (ICAI) has approached the Ministry of Company Affairs (MCA) for amendment of the CA Act. The institute proposes 10-12 amendments, seeking action against erring audit firms. It als

I-T Dept likely to probe source of funds in Citibank fraud case

January 10, 2011 645 Views 0 comment Print

The Income Tax Department may conduct a probe of its own into the Rs 400 crore fraud exposed at Citibank’s Gurgaon branch to ascertain if black money found its way into the ponzi scheme designed by Relationship Manager Shivraj Puri .

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