sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« News Headlines »
 What is tax deducted at source (TDS)?
 Income Tax Return filing 2018: Here are some important tips for you
 Change in Examination Venue in Thane, Zone – II, May 2018 Examinations
 Here’s all you need to know New Income Tax return for salaried class available on IT portal
 What to do if you missed the (second) tax deadline
 Income-tax (5th Amendment) Rules, 2018 - Notification under section 9A (3) of the Income-tax Act, 1961 in respect of Fund Manager Regime
 Income Tax department warns salaried class again filing wrong ITRs
 ITR-1 form for AY 18-19 now available for e-filing
 New Income Tax Return Form for Salaried Class available in Portal
 Income Tax Return: ITR-1 ready for e-filing, says I-T department
 6 Tax changes you need to keep in mind while filing ITR for FY17-18 Income Tax Return efiling

PwC executive director Shah quits; more exits likely
December, 16th 2009

Professional services firm PriceWaterhouseCoopers India on Tuesday witnessed the exit of executive director (tax practice) Amrish Shah, even as the industry was rife with rumours that the firm, which is the largest in India, could see a major churn involving senior partners. Mr Shah, who is understood to have left due to professional reasons, was not reachable for comment.

PwC, which is currently in the limelight for its partners alleged role in the Satyam fraud (Price Waterhouse was the audit firm for the software company), recently saw the appointment of Gautam Banerjee as its chairman, taking over from Ramesh Rajan. The change in guard that happened before the expiry of Mr Rajans term, sparked speculation that the global parent was taking strong steps to contain the damage from the Satyam scandal.

The speculation also led to rumours about a large team from PwCs tax team the tax practice is one of the largest divisions leaving the firm. It was also being speculated that tax practice leader Dinesh Kanabar, along with a large team of senior executives, would quit to join a rival firm.

Mr Kanabar categorically denied the information. There is no truth in such news. This is a figment of imagination and completely baseless. The tax practice at PwC is considered to be the best and we are proud of that, he told ET.

Mr Kanabar also sent out an internal e-mail to all his PwC senior partners denying the rumours. In 2007, about 500 people from RSM moved over to PwC after the merger of RSMs tax practice with PwC. With the addition of people from RSM, the combined strength of the tax and audit team in PwC rose to 4,000 people across India.

The tax practice is also one of the fastest and the largest divisions in PwC accounting for 55 of the total 170 partners in the firm. India is an important market for PwC, which last year audited over 140 Indian companies including big names such as Maruti Suzuki, United Breweries, United Spirits, GMR Infra, Glenmark Pharma and Piramal Healthcare.

The India market, even in a recession-hit economy, netted the global firm revenues in excess of Rs 1,000 crore last fiscal year. Although the India business is small compared to the overall revenue of $28 billion for the global firm, the rate of growth of about 20-25% is among the fastest region for the firm.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions