After e-enrolment is made by a registered dealer, the ‘Acknowledgment’ will be made available on the website. The signed copy of the Acknowledgment is required to be furnished in the Department only once. After furnishing such copy, there is no need to furnish the signed acknowledgment of e-return which at present is required to be furnished within 10 days from uploading the return.
MUMBAI: There is a sliver of cheer for brokerage houses grappling with shrinking revenues. The outcome of legal disputes between stock broking firms and Income-Tax department on the treatment of losses arising from dealing errors may provide some breather to the broking industry. Moreover, policymakers could view the rulings as a yardstick for amending Section […]
Troubled software exporter Satyam on Tuesday said it has been approached for takeover by domestic and foreign companies, the IT company’s board member Tarun Das said.
The Institute of Chartered Accountants of India (ICAI) has decided to serve show cause notice to the auditors of the tainted Satyam Computers, ICAI central council member K Raju said on Monday.
The two auditors of Satyam Computer Services, appointed by PWC to audit the accounts of the company, were not partners of the audit firm at that time, people close to the investigation told.
Institute of Chartered Accountants of India (ICAI) has formed a six- member high level team to go into the Satyam Computer Services fiasco that has drawn international attention, informed ICAI central committee member K Raghu.
Pricewaterhouse Coopers (PwC), the audit and consultancy firm which failed to detect the fraud in Satyam Computer Services, has been assigned to study the central government’s transparency efforts by examining the issues and constraints in implementing the Right to Information (RTI) Act.
Engineering major Larsen & Toubro (L&T) continues to be interested in acquiring Satyam Computer Services . L&T’s chairman AM Naik told ET that L&T, which is one of the largest shareholders of Satyam, is not interested in being a spectator in the ongoing saga.
Noticing instances of non-remittance of Tax Deducted at Source (TDS), the Income Tax department on Thursday said that any failure to remit the tax would attract serious consequences including prosecution.
As part of its investigation into the Satyam Computer case, the Institute of Chartered Accountants of India (ICAI) is likely to question Ernst & Young (E&Y) on the valuation exercise it undertook on the two Maytas companies.
