Follow these steps to avoid last-minute surprises while claiming your mediclaim -- via cashless or reimbursement method, says P V Subramanyam
Sources said a notification to this effect will be released soon. Indian arms of foreign firms make it a rule that audits must be conducted by their foreign partners for Indian companies approaching the overseas markets for any reason. No such rule exists, the source said, although the practice is common. "We are screening partnership agreements of all these firms to analyse the legal basis on which the foreign firms audit Indian companies," the source added.
Submitting a late return helps you stay compliant with tax regulations and avoid legal issues.
This is your chance to work with one of India's largest banks.
The Enforcement Directorate (ED) has filed its first chargesheet in connection with a money-laundering probe linked to alleged irregularities in the Delhi Jal Board (DJB), official sources said on Saturday.
'In India, managers and the leadership almost glorify overworking.'
The corporate affairs ministry has asked its field officers to expedite the inspection of the books of Byju's and submit the report, a senior official said on Monday as trouble continues to brew at the edtech firm. The ministry, which is implementing the companies law, will decide the further course of action after receiving the report from its regional office. In July 2023, the ministry had asked the office of the regional director in Hyderabad to conduct an inspection of the company Think & Learn Pvt Ltd, which is registered in Bengaluru.
rediffGURU Samkit Maniar answers readers' personal income tax queries
Ask your bank to save for you. Plan your taxes. Reward yourself for your addictions... Chartered accountant Shreya Jaiswal's 10 ways to make more money this year.
The Institute of Chartered Accountants of India and CPA Australia have inked a mutual recognition agreement that would recognise the qualification and give memberships to eligible CAs through a bridging mechanism (by appearing for one or more papers). According to the MRA, ICAI members who are graduates will be eligible for CPA Australia membership after clearing a paper on business strategy and leadership.
After the Satyam scam, the role of chartered accountants has come into focus again. This time the Income Tax Department has found that CAs have given false certificates, enabling Non-Resident Indians and foreign nationals to evade taxes in India.
Penalties for non-disclosure or inaccurate disclosure of these details can be severe.
Helicopters are anticipated to be more in demand compared to fixed-wing aircraft as choppers will help in providing accessibility to rural and remote areas in a shorter time.
A key feature of the new version is to identify the people transacting on its portal by linking each user ID with the person's permanent account number (PAN), followed by a two-factor authentication through mobiles and email IDs. Those who cannot complete the KYC requirements cannot use the portal.
Dinakaran's chartered accountant will be called by the crime branch for questioning in the matter.
Describing the DAD as the "guardian of defence finance", he emphasised the need to bolster the internal vigilance mechanism so that any suspicious activity can be detected and reviewed immediately.
BCCI unveils 10-point diktat: Domestic cricket must, restriction on personal staff, family stay on tours
When you are under social, peer, parental, sibling, marital pressure to buy a house direct them to this article, says P V Subramanyam
After doctors and the armed forces, it is now the turn of chartered accountants to start their names with an honorific.
The national trait of exploiting the inherent weakness of democracy is now mirrored within the ICAI too.
rediffGURU Samkit Maniar answers readers' personal income tax queries
The agency wants to question and record his statement under the Prevention of Money Laundering Act.
The leaders also noted the "negative impacts" of the war in Ukraine with regard to global food and energy security, especially for developing and least-developed countries.
Commerce and Industry Minister Piyush Goyal on Wednesday questioned Amazon's announcement of $1 billion investment in India, saying the US retailer was not doing any great service to the Indian economy but filling up for the losses it had suffered in the country. He said that their huge losses in India "smells of predatory pricing", which is not good for the country as it impacts crores of small retailers.
rediffGURU Samkit Maniar answers readers' personal income tax queries
Fresh meat and seafood delivery unicorn Licious is intensifying its talent acquisition endeavours as it pursues profitability and readies for an initial public offering (IPO) within the next 24 months. Delightful Gourmet, Licious' parent company, has named 39-year-old Karishma Gupta as its new chief financial officer (CFO). Her appointment aligns with Licious' drive for profitable growth through an omnichannel strategy.
Chandra Arya, a Member of Parliament from Nepean in the House of Commons, said in a post on his X account that separatist Gurpatwant Singh Pannun of Sikhs for Justice released a video demanding that Arya and his Hindu-Canadian friends go back to India after he (Arya) condemned the vandalism of the Hindu temple and other acts of hate and violence by Khalistan supporters in Canada.
"The emphasis is on making every rule, law, policy people-centric, and public-friendly. This is the use of the new governance model and the country is getting its results," Prime Minister Modi said while speaking at the launch of a platform for 'Transparent Taxation -- Honoring the Honest'.
The Institute of Chartered Accountants of India (ICAI) has initiated an inquiry against former Reebok India chief operating officer Vishnu Bhagat, one of the accused in the alleged Rs 870-crore fraud in the company, a senior ICAI official said.
The searches were carried out on June 14-15 at 10 premises in Prayagraj, Lucknow and Delhi, the agency said in a statement.
The Enforcement Directorate on Wednesday alleged that bribe money generated from corruption in a Delhi Jal Board (DJB) contract was 'passed on' as election funds to the Aam Aadmi Party that rules the national capital.
Rediff. com's Priyanka meets Jitender Mohla's father and counsel to know more about the case that resulted in the Delhi-based chartered accountant getting a life term.
Nearly four decades ago, when Rakesh Jhunjhunwala was a young chartered accountant in training, he was paid a conveyance of Rs 60. Deductions would take away Rs 15 from this princely sum and he was left with Rs 45 by the time the allowance made its way to his hands. He would save as much as he could from this amount, so that he would have a small amount to spend when he met his friends on the weekend at Chicken Centre. This was an eatery popular with the young at the time, perhaps because food and drink were affordable even for those new to the workforce.
The development comes after Sebi received representations from listed entities, chartered accountant firms, and industry bodies, seeking further extension of time for filing of financial results for the quarter/half year/financial year ended March 31, 2020.
Reserve Bank Governor Shaktikanta Das said on Monday that fair and impartial auditing is essential for a resilient economy as it instils confidence among citizens. Addressing officers at the National Academy of Audit and Accounts, Das said that audit is important for the country as public expenditure decisions are based on these reports. Observing that there is a need to improve the quality and depth of audit, he said the Reserve Bank has taken a host of steps in consultation with the Institute of Chartered Accountants of India (ICAI) for improving the audit of banks and financial institutions.
The Gujarat police have booked filmmaker Avinash Das for sharing a photo of Union Home Minister Amit Shah with Jharkhand cadre IAS officer Pooja Singhal, who was recently arrested by the Enforcement Directorate in a money laundering case, an official said.
Income-tax payers fear they will receive notices from the government because the annual information statement (AIS) provided by the I-T department in many cases is showing incomes in excess of their earnings. The Central Board of Direct Taxes (CBDT) has dismissed these fears as unfounded. The deadline for filing income-tax returns (ITRs) for the assessment year 2022-23 ended on July 31.
Check out the new schedule for the CA exams held by the Institute of Chartered Accountants of India.
A tax assessment panel found violations such as failure to get their accounts signed by auditors, providing loans to partners without guarantee and interest and hiding income from coaching business, following which it decided to impose a penalty on ICAI, a government official said.
