« Top Headlines » Open DEMAT Account in 24 hrs  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals   Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Why you need not rush to file your ITR immediately  Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing  Section 80DDB tax benefits for specified illnesses: 5 things to know  Income tax slabs FY 2024-25: Five tips to help taxpayers decide between old and new income tax regimes  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 (AY 2024-25) available now on e-filing income tax portal «  E-filing of stamp papers soon... VAT exemption for tobacco products hailed... » ICAI to open 12 new centres of excellence August, 21st 2007 The Institute of Chartered Accountants of India (ICAI) is contemplating the setting up of 12 centres of excellence for chartered accountants (CAs) across the country within two years.   The centres would enhance the capability, quality and performance of CAs in the country.   According to Uttam Prakash Agarwal, chairman of the committee for members in the industry in the ICAI, a number of courses including general management communication will be introduced once these centres are set up.   He added such a centre of excellence has already been opened in Hyderabad and another one is being set-up in Mumbai. In the last three years, the number of CAs in the country has gone up by 30 per cent. There are 140,000 CAs in India and over 400,000 students are enroled in a CA course.   Still, the industry faces a shortage of 50,000 CAs, Agarwal said.He added that the era when chartered accountants were supposed to restrict themselves to accounting, auditing and taxation was over.   Today, the ambit of the the profession had expanded with the inclusion of sectors like asset management, retailing sector, human resource and knowledge process outsourcing (KPO) as well as business process outsourcing (BPO).