Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: form 3cd :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: VAT RATES :: due date for vat payment :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: cpt :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: VAT Audit
 
 
« News Headlines »
 What to do if you get an income tax notice after demonetisation
 SBI calls for raising income tax exemption limits
 Did you know? The tax exemption on your HRA
 Income Tax Department expands list of deposits, transactions under scrutiny
  Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962
 Master Directions on Access Criteria for Payment Systems
 RBI-Scheduled Bank's Statement of Position in India as on Friday, January 06, 2017 (Revised)
 3 Big Mistakes To Avoid This Tax Season
 The Top 5 Tax Stories Of 2017
 Are multiple service tax rates in the offing?
 All you need to know about claiming tax break on HRA

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 2017 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