Accounting regulator ICAI today asked 11 more auditing firms having foreign affiliations to furnish with information on their activities and operating structure in India. “We have issued notices to 11 more firms. We have asked about their activities, international affiliations and operating structure in India,” ICAI President Uttam Prakash Agarwal said here. Last week, the […]
Beating the slowdown, chartered accountants (CAs) have bagged jobs with top-notch companies in the latest campus placement drive, which has also seen more newly qualified professionals get jobs. State-run companies, especially from the financial services sector, have emerged as the biggest recruiters in the current round of hiring. Four newly-qualified members of the Institute of […]
The forms includes Return Of Net Wealth in Form A, Form Of Return Of Net Wealth For Individual/Hindu Undivided Families/Companies in Form BA, Form Of Return Of Net Wealth Under Sub-Section (1) Or Sub-Section (2) Of Section 14 Of The Wealth-Tax Act, 1957 [For companies * only] in Form A, Statement of valuation of jewellery in Form O-8A and all other forms.
The Supreme Court today has dismissed the appeal of Union of India against the judgement in case of Martin Lottery Agencies Ltd. earlier given by Sikkim High CourtAs a result of dismissal of appeal filed by the Government; the show cause notices demanding service tax of over Rs 2200 Crore from Lottery Agents are liable to […]
That the property market has undergone a significant correction is well known. That real estate experts are now talking about prices bottoming out is well known too. But, contrary to conventional wisdom, experts are of the view that this may not be the right time to invest in residential property. And, their advice is for both […]
Believe it, 90 per cent of the appeals filed by the Customs, Central Excise and Service Tax Department of our nation against assessees, who had received a favourable order at the lower level, have been dismissed by the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), South Zonal Bench, Bangalore during the year 2008. Out […]
The Serious Fraud Investigation Office (SFIO) investigating into the multi-thousand crore Satyam scam has found that the IT company’s Bank of Baroda’s (BoB) New York branch account was used to cook up its balance sheet. CNBC-TV18’s Pranshu Sikka reports. The SFIO has recommended an investigation into Bank of Baroda’s role in the Satyam scam. A […]
The income tax (I-T) department has detected a racket of money laundering through the secondary market, the first estimates of which show a whopping Rs 10,000 crore at stake at the national level. Though the `penny stock’ scam has been detected among traders of Chikpet locality in the heart of Bangalore, I-T officials do not […]
The Delhi High Court has held that the media cannot be restrained from reporting confidential information of a company pertaining to its up coming projects and dealings with other companies. “In the case of a corporate entity, unless the news presented is of such a sensitive nature that its business or very existence is threatened […]
The government may exempt partnership firms and limited companies from paying stamp duty while converting into limited liability partnerships (LLPs), a way of doing business that is favoured globally for its flexibility. The government will amend the Income Tax Act later this year to provide a tax regime for LLPs, which are being incorporated from […]
