« 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 «  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).