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: cpt :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: list of goods taxed at 4% :: form 3cd :: Central Excise rule to resale the machines to a new company :: TDS :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: due date for vat payment :: ACCOUNTING STANDARD :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« General »
 Finance Ministry may hike monetary limit for filing tax appeals
 Compilation of all notifications issued ON
 Banking transaction tax to have cascading effect: NIPFP
 While filing tax in India, NRIs do not have to state overseas income
 Tax ease on cards, some daily use items may become cheaper
 It’s one year of GSTN, too
 SBI home, auto loan interest rates cut, set to be effective from Nov 1
 MNCs will have to furnish extra disclosures from March 2018
 High Court Allows Woman To File Income Tax Returns Without Quoting Aadhaar
 If tax status is no longer NRI, all your income is taxable in India
 Tax Benefits from Different Types of Loans under the Income Tax Act, 1961

ICAI yet to decide on action against MNC accounting cos: Govt
August, 17th 2012

Accounting regulator ICAI has reported alleged violation of various laws by multinational accounting firms having arrangements with domestic companies, but is yet to take any action against them.

In a written reply to Lok Sabha, Minister of State for Corporate Affairs RPN Singh Thursday said the ICAI sent a report on 'Operation of Multinational Network Accounting Firms in India' after examining documents received from 171 firms of Chartered Accountants believed to have tie ups with foreign firms and entities.

The report mentioned "instances of violation of Chartered Accountants Act, 1949, the CA Regulation, 1988, guidelines issues by the Council of ICAI and Companies Act, 1956".

"The Council of the Institute of Chartered Accountants of India (ICAI) is yet to decide on the future course of action on the recommendations contained in the Report on the operating arrangement between certain Indian CA firms and multi-national accounting firms," he said.

However, Singh added, that no specific complaint has been brought to the notice of the Ministry as yet by the ICAI and if anything came up, "appropriate action" would be taken.

Replying to a query on whether multi-national accounting firms were allowed to operate in India, the Singh said as per India's initial offer made in 2005 at WTO level, "setting up of an office by a foreign entity in India was totally out of bounds" for accounting, auditing, book keeping services and legal consultancy services" and "the same position continues".

However, he said, "subject to applicable laws/sectoral rules and regulations, FDI is permitted up to 100 percent on automatic route in these sectors"

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Organic SEO Outsourcing Organic Search Engine Optimization Outsourcing Organic Website SEO Organic SEO India Website SEO India Organic Search Engine Optimization India Organic Internet SEO India Organic Web

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