Three persons, including a former IAF staffer, who were arrested by the CBI for cheating a chartered accountant of over Rs 75 lakh, were on Wednesday remanded in judicial custody by a sessions court. The accused had allegedly cheated the complainant on the pretext of helping him to sell his products and getting some of his projects pending with the government cleared.
The Direct Taxes Committee has been receiving emails/ letters from various members seeking opinion on tax related queries. It may however be noted that as a matter of policy the Committees of the Institute do not undertake to express any view which would amount to an opinion or interpretation of a statutory provision.
That being the case, some of the people that you knew while they were in public accounting have completely disappeared never to heard from again. Those of you still at the mercy of the billable hour might assume that these refugees are loving life in their new jobs – working 40 hours a week, making far more money and seeing more than an hour or two of sunlight on a regular basis.
The Patna high court on Thursday issued a directive for making the state government a respondent in a writ petition seeking CBI probe into the alleged excise scam. A single bench presided by Justice Samarendra Pratap Singh asked the petitioner, Ajit Sarthi, to make the state government a respondent in the case.
ICAI Celebrating CAs Day on July 1st ,2010. Successfully Completed 51 Years by ICAI. ICAI formed on July 1st, 1949.ICAI is One of the Most Powerful Accounting Body World Wide. ICAI has Very Big Impact in India.ICAI Produced 153,600 Chartered Accountants ( CA ) till April 2009( Data : Wikipedia ). There is always Best Future for future Chartered Accountants.
THE Central Vigilance Commission disposed of 1266 cases during April 2010 referred to it for advice. The Commission advised imposition of major penalty against 99 officers including 15 from Central Board of Excise & Customs, 13 from State Bank of Bikaner & Jaipur, 11 from Coal India Ltd., 8 from M/o Railways, 7 each from UCO Bank and Bank of Baroda, 5 from MCD, 4 each from Bharat Sanchar Nigam Limited and Department of Telecommunications, 3 each from Canara Bank and DDA.
The Union Government might not review or consider the extension of the Sunset Clause to the export-oriented units (EoUs), beyond the earlier set deadline of March 31, 2011. “There is no discussion on this (extension of sunset clause) now, it might not be considered,” said Dr Rahul Khullar, Union Secretary for Commerce and Industries.
A proposal to tax bank transactions to help some of the global economies tide over the current financial crises will be opposed by India at the G-20 summit, even as it will ask rich countries not to abruptly withdraw their stimuli packages, officials said on Friday.
The Income Tax department will soon launch an Internet-based grievance redressal system for taxpayers to lodge their complaints with taxman. The new online facility will also enable taxpayers to register their complaints and put applications to the I-T Ombudsman present in 12 cities across the country including Mumbai and Delhi, the two topmost tax paying regions respectively.
In a bid to plug the tax loophole foreign investors use by routing their money to India through Mauritius, the government has sought amendments in its bilateral treaty with the island nation and offered cash compensation for revenue loss on account of the changes.
