« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  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).