Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 New Income Tax Act: ITR forms to be issued prior to FY28, says govt
 GSTR-9C Explained: Turnover Limit, Due Date, Statement Format & How to Prepare It in Tally Prime (2025 Update)
 Will Income Tax Department release new ITR forms by January 2026? Finance Ministry says this
 The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:
 ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025
 ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck
 Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?
 Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy
 Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief
 Digital Efficiency for MSMEs: The Tally Prime Advantage
 5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups

Court allows I-T dept. to interrogate Ramalinga Raju on Feb. 21
February, 19th 2009

The income tax department would question the tainted founder of beleaguered Satyam Computer Services, B Ramalinga Raju, main accused involved in the largest ever corporate audit fraud in the history of India.

The department, under section 131 of Income Tax Act, would interrogate Mr. Raju on February 21 as it has already received court's approval to examine and record the statement of Raju in order to access the income of firm, believed to be much inflated than original by manipulating accounts.

Earlier, the market regulator SEBI also questioned Raju and his brother in connection with auditing fraud, for three days in the Chanchalguda Jail.

Meanwhile, audit firm KPMG and Deloitte, examining accounts of Satyam, may take more time for the restatement of accounts due to complexities associated with account books. KPMG chief operating officer in India, Richard Rekhy said, "It won't take less than six months in my view... I cannot give an exact date. It is not a one-year account; you have to go back three, four years ..."

Company's new board and employees are working hard to announce results for fourth quarter in time. However, the officials remained tight lipped about results of results of third quarter.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2025 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting