« General » Open DEMAT Account in 24 hrs  New tax regime vs old tax regime: What's point at which tax outgo is the same in both regimes? Check salary and deduction levels  Advance Tax Paid, Do You Still Need To File ITR? Check Details Here  Centre seen to have met FY24 gross tax target  6 income tax rules that salaried should know as financial year 2024-25 starts from today  How to calculate income tax on stock market gains along with your salary?  Moonlighting for Additional Income? Know Its Tax Implications  Have you claimed education cess? Be prepared to pay tax as per the new rules  Reserve Bank - Integrated Ombudsman Scheme, 2021 (RBIOS, 2021)  How is tax computed for selling a house?  How much tax do you pay on equity investments?  Fuel taxes: Centre s gains striking since FY16 «  I-T collection in city drops by 47%... FM holds review meeting on revenue collection... » More trouble for Vijay Sai from ICAI? January, 07th 2012 There's more trouble brewing for V Vijay Sai Reddy, who was recently arrested by the CBI, with the Institute of Chartered Accountants of India (ICAI) preparing ground to initiate proceedings against him. A chartered accountant and founder of audit firm V S Reddy Associates, Vijay Sai is being interrogated by the CBI for his alleged role in the illegal assets case of Kadapa MP Y S Jagan Mohan Reddy. Sources said the accountants regulator has already sent a missive to Vijay Sai seeking an explanation pertaining to allegations made by the CBI. "Though now there are only allegations of criminal conspiracy, we, however, have to determine if there's any professional misconduct. The institute has already written to him, but has given him time to respond since he is in the judicial custody," a disciplinary committee member of ICAI told Express. According to sources, ICAI is also verifying its records to determine if Vijay Sai, who assumed a fulltime role as vicechairman of Jagathi Publications, is continuing practice as a fulltime chartered accountant and signing financial statements of his clients. "Since he assumed a role in the daytoday management affairs of a company, Vijay Sai Reddy has to seek permission from the institute to continue signing of balance sheets of other companies on behalf of his audit firm only on a parttime basis. It's unclear if he sought such a permission," the source said.