Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: VAT RATES :: form 3cd :: VAT Audit :: ACCOUNTING STANDARD :: cpt :: TDS :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: due date for vat payment :: Central Excise rule to resale the machines to a new company
 
 
General »
 DHFL loan to Manpreet Estates under tax scan
 Council acts to ease cascading tax impact on petroproducts
 Income Tax comes a cropper tracking shell firms
 Income Tax returns: Is rental income from property taxable in hands of homeowners?
 Tax department to engage with corporates to spur receipts
 Furnish Form 67 to claim foreign tax credit in India tax return
 GST: Commerce ministry to write to finance ministry over trademark rule
 GST: Govt issues clarification to address service tax issues, misses key concerns
 How to file LUT/Bond for SEZ units under GST
 Exemption From Capital Gains On Sale Of Agricultural Land
 FinMin wants RBI to lower rates, boost domestic demand

Satyam inflated sales by Rs 47.46 billion, says CBI
April, 28th 2009

The Central Bureau of Investigation (CBI) has said that the fraud-hit Satyam Computer Services inflated sales by Rs 47.46 billion. 

The CBI said that with the help of cyber forensic techniques, it was able to decipher modus operandi of Satyam corporate fraud.

"It happened like this-the accused were hiding some of the invoices that was generated through Excel porting. As a result, the concerned business circles were not aware that such invoices are existing. These invoices were not dispatched to the customers even. In fact these false invoices were generated for purpose of inflating the sales and thus inflating the revenue of the company. As a result of further investigation, individuals who generated and hidden these false invoices have been identified," said Harsh Bahl, a CBI spokesman.

The bail application of former chairman of Satyam, Ramalinga Raju and others was dismissed by the trial court on April 25.

In early January, Ramalinga Raju shocked investors by saying profits had been overstated for years, putting in doubt the survival of a company once ranked as India's fourth-largest software services exporter. The government quickly stepped in and sacked the board to limit damage to India's once-shining IT sector.

Satyam, which counts Citigroup Inc, Cisco Systems Inc. and General Electric among its clients, has not reported results since releasing its July-September figures in October.

Its accounts are in the process of being reconciled and restated.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

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