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
 Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)
 Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose
 Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More
 Government proposes to ease tax relief conditions for offshore funds
 TallyPrime Connected Banking: Automating Banking and Accounting
 ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update
 ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide
 Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers
 Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It
 ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes
 Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs

Raju served IT notice
February, 14th 2009

The cup of woes for B Ramalinga Raju seemed to be full as income tax officials drove down to the Chanchalguda jail on Thursday and
served a notice on him for evading taxes.

According to sources, the former Satyam chief refused to accept the summons without consulting his lawyer first. However, he relented after the IT officials explained to him that acceptance of the notice would not betantamount to guilt.

The summons were served under section 131 of the Income Tax Act which empowers officials to examine the person under an oath and `compelling the production of books of account and other documents.' The summons are the first step in the investigation procedure, I-T sources said. "Very soon, the I-T department will also move a petition in the court seeking permission to record a statement from Ramalinga Raju on the Satyam fraud," an official said.

To gather details on the software export statistics of Satyam, the IT department
has also written to the Reserve Bank of India (RBI) seeking the Software Exports Declaration (SOFTEX) forms issued by the Software Technology Parks of India (STPI) to Satyam. The department has also written to various banks that have dealings with Satyam to send the bank reconciliation statements of the IT major.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting