CHARTERED ACCOUNT
Bond Street to see $2-3 billion foreign inflows a month after inclusion in JP Morgan Index "We have a different profile spread across clients. There are real money clients who may be investing in India off-benchmark. Then there will be the passive index trackers who will be the regular ones coming each month and we may see some large allo...
26 Jun, 2024, 06.31 AM ISTCIBIL score dropped due to bank's fault: Doctor won the legal battle with Rs 2.6 lakh as damages after 7 years, lessons you can learn from this CIBIL score: A doctor had AMEX credit card issued by a bank with credit limit of Rs 3.25 lakh. However his bank reported him as a defaulter and thus his CIBIL score dropped by a big margin This happened despite the doctor paying the bank by personal...
19 Jun, 2024, 10.59 AM ISTDerivative products on Indian bonds see strong global demand Overseas investors are flocking to Indian assets through a derivative product ahead of government bond inclusion in the JPMorgan index, accounting for 30% of $10 billion flows into local debt in nine months.
18 Jun, 2024, 04.14 PM IST- ADVERTISEMENT
Here’s how this Gujarati chartered accountant bagged free stay for his kids & cut transport expenses in Dubai Shah disclosed his accommodation at a hotel charging Rs 12,000 per day. The entrepreneur emphasized his preference for hotels where additional charges for his children were not incurred. "It's always a challenge with growing kids, but fortunately, I...
31 May, 2024, 10.15 AM ISTIRDAI approves appointment of Sandeep Batra as ICICI Prudential Board chairman The Insurance Regulatory and Development Authority of India (IRDAI) has approved Sandeep Batra as Chairman of ICICI Prudential's Board of Directors, effective June 30, 2024. Batra, a Chartered Accountant and Company Secretary, has served as Executiv...
30 May, 2024, 09.24 PM ISTMeet India's Insolvency professionals: Male, chartered accountants and not so young The typical Indian insolvency professional (IP) is a middle-aged male chartered accountant. Only 10% of the 4,352 registered IPs are women, and just 7% are under 40 years old, according to data from the Insolvency and Bankruptcy Board of India (IBBI...
29 May, 2024, 10.53 AM ISTA new weapon against online payment frauds: Timely alerts on transactions via UPI, debit card, credit card, Net and mobile banking Fraud transactions: Banks like Standard Chartered Bank, HDFC Bank, ICICI Bank, and others have implemented a fraud protection measure wherein the bank will call you for transaction confirmation if it feels that these transactions are fraudulent. How...
28 May, 2024, 05.41 PM ISTNFRA imposes Rs 2.5 crore fine on two auditors in Reliance Commercial Finance case The National Financial Reporting Authority (NFRA) has penalized two auditors with fines totaling Rs 2.5 crore for professional misconduct and auditing lapses in the Reliance Commercial Finance case for FY2018-19. It imposed a Rs 2 crore fine on Shri...
20 May, 2024, 05.56 PM ISTICAI disciplinary panel overlooks stay to pass order against 2 partners of PwC arms Despite a Delhi High Court stay, the Institute of Chartered Accountants of India (ICAI) has published orders penalizing two PwC affiliate partners. PwC had obtained a stay against ICAI's disciplinary action, challenging fines and membership removal....
18 May, 2024, 12.24 AM ISTICAI passes orders against five affiliates of Price Waterhouse The Institute of Chartered Accountants of India (ICAI) has sanctioned five Price Waterhouse affiliates, two other entities, and two individuals for professional misconduct. The ICAI directed the entities to terminate existing arrangements with multi...
17 May, 2024, 09.46 PM ISTIncome tax filing: 3 updated utilities available for filing this ITR form for AY 2024-25; find out which one works best for you Income tax filing: Are you an individual or Hindu Unidivided Family who have income from business or profession and do not want to opt for presumptive taxation scheme? Then you may need to file ITR-3. To help you file ITR-3 easily, the income tax de...
11 May, 2024, 03.46 PM ISTOutcome of tax disputes holds key to Xiaomi’s ops Xiaomi Technology India's ability to continue as a going concern depends on the outcome of multiple regulatory and tax disputes and additional funds from the Chinese parent. However, the company doesn't see a threat "for the foreseeable future" base...
09 May, 2024, 12.56 PM ISTBig 4's dominance: Local companies call for level playing field Indian auditing firms are pushing for fair competition with multinational counterparts, expressing concerns over the Big Four's increasing dominance and alleged manipulation of regulatory loopholes. The Institute of Chartered Accountants of India (I...
06 May, 2024, 03.26 PM ISTICAI defends action against EY affiliates, says move in sync with its statutory power ICAI defends action against EY affiliates, cites statutory power. Delhi HC stays order. ICAI directs firms to end tie-ups violating norms. Accusations of bias. Supreme Court involvement.
04 May, 2024, 12.01 AM ISTFormer Allahabad HC judge to head appellate body for chartered accountants, company secretaries Justice Suresh Kumar Gupta, former judge of the Allahabad High Court, has been appointed as the chairperson of the appellate body for chartered accountants, company secretaries, and cost accountants by the government. Alongside him, three members—Ra...
01 May, 2024, 06.06 PM ISTICAI charges 3 EY India affiliates with professional misconduct The Institute of Chartered Accountants of India (ICAI) has found three EY India affiliate entities guilty of professional misconduct and reprimanded two partners for breaches of the Chartered Accountants Act. The entities were charged for their deal...
28 Apr, 2024, 08.33 AM ISTReverse migration has begun, says FM Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman on Monday said reverse migration had started as a lot of people are coming back to establish business here. According to her, reverse migration has started in which a lot of people, who have a global footpri...
22 Apr, 2024, 10.21 PM ISTHow much does an IAS officer earn? Social media debate erupts over chartered accountant's post The Indian Administrative Service (IAS) continues to captivate the youth despite debates on salary comparisons with other professions. Motivated by service and respect, individuals prioritize passion and societal impact over monetary rewards.
21 Apr, 2024, 03.05 PM ISTNoida CA arrested by Bengaluru police for cheating companies with Rs 168 crore fake bank guarantees Bengaluru Police arrested Ashish Roy, a chartered accountant, for duping companies with fake bank guarantees worth Rs 168 crore. He operated from Kuwait, had an accomplice, and received Rs 5 crore as commission.
27 Mar, 2024, 11.43 AM ISTInvestors, scamsters must remember that there are no shortcuts to wealth creation Consistent, disciplined investing in quality assets over the long term is the only reliable path to financial security. Chasing quick returns and entrusting your hard-earned money to unregulated entities is a recipe for disaster.
25 Mar, 2024, 06.30 AM IST