« Top Headlines » Open DEMAT Account in 24 hrs  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR  ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief  ITAT Delhi Quashes Tax Notice on AMU PG Student’s ?18.34 Lakh Stipend, Declares It Tax-Free Under Section 10(16)  Advance tax deadline September 15: What happens if you missed the previous instalment payment?  How much gold jewellery can you keep at home? Nagpur ITAT explains rules on ownership, gifts, taxability  ?5.31 lakh TDS refund allowed by ITAT Delhi: Why absence of an original ITR did not block the taxpayer  Missed the ITR Filing Deadline? How to Claim Your Income Tax Refund and Correct Mistakes Before December 31, 2026  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  Income-Tax Department Moves to Bring Greater Certainty to International Tax Cases «  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).