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CBI arrests Two Income Tax Officers in a Bribery Case

The Central Bureau of Investigation ( CBI ) has arrested two Income Tax Officers posted in Ward 7(1)(4) and Ward 7(1)(3) at Koramangala, Bangalore in...

ICSI to grant CS Course Fee Concession to Widows and Wards of Martyrs

Chairman of Ahmedabad-based Firm booked for GST Evasion

CBDT signs 18 APAs, Milestone in Indian Advance Pricing Agreement regime

Penalty can’t be levied on the basis of Vague Charges: ITAT [Read Order]

Big Four Accountancy Firms Should Break Up, says MPs Committee of UK

A cross-party committee of MPs has suggested that the UK's Big Four accountancy firms should be separated into audit and non-audit businesses. Deloitte, EY, KPMG and PwC conduct 97% of big companies'...

CA Course have ample Opportunities across the World: ICAI Vijayawada Chief

The Institute of Chartered Accountants of India (ICAI) Vijayawada Branch chairperson Dr Y Nagavalli has said that the students who complete CA course have a wide range of job opportunities. The...

GST dept unearths Tax Fraud by Vadodara-based Firm

The Goods and Services Tax ( GST ) department has detected tax evasion by a Vadodara-based firm that was fraudulently claimed input tax credit worth crores. The Firm, KSEG India International was...

Too much Work Pressure on CAs as various Tax Deadlines end Today

As the 2018-19 financial year comes to an end today, the various Tax Compliance Professionals including the Chartered Accountants, Company Secretaries, Cost Accountants and other accounting...

Income Tax, CBIC Offices to remain Open on Sunday

As the current financial year comes to an end on tomorrow, the Income Tax and GST offices under the CBDT and CBIC will remain open on Sunday. Both the tax offices will remain open on Saturday and...

Section 50C can be invoked in the Year in which Sale taken Place: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Delhi has held that the provisions of section 50C of the Income Tax Act, 1961 can be invoked in the year in which the sale had taken place. The Assessing...

India-USA signs Inter-Governmental Agreement for exchange of Country by Country Reports

India and the United States of America have today, the 27th March 2019, signed an Inter-Governmental Agreement for Exchange of Country-by-Country (CbC) Reports. The Agreement was signed by Shri...

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