Institute of Chartered Accountants of India (ICAI) will launch disciplinary proceedings against the erring members and will impose penalty
GN Bureau | November 15, 2016
ICAI has issued show cause notice to two Chartered Accountants, who were caught on tape talking about converting black money by charging a commission of 30% to 40%.
The premier accounting body of the country said that it is pained and concerned about this grave matter.
The ICAI will launch disciplinary proceedings against the erring members and will impose penalty by following due process, said a press release.
The sting operation was carried out by Aaj Tak news channel.
ICAI said that it welcomes the historic decision of government to scrap currency notes of Rs 500 and Rs 1,000 denomination to fight corruption, black money, terrorism and counterfeit currency.
It described the move as a giant leap towards creating a clean and corruption-free economy.
M. Devaraja Reddy, president, ICAI has appealed to all ICAI members to be a part of this bold move which will not only eliminate black money, but will also choke the activities of anti-nationals from across the border financed by fake currency, ensuring inclusive growth and national security in one go.
Joseph A Cannataci is the UN’s first and current special rapporteur for the right to privacy appointed by the Human Rights Council (HRC) in July 2015. His appointment came with growing global concerns about threats to privacy in the digital age where governments and big corporations collect mass da
This is what Arun Jaitley had to say: We want to take action which may either want to have an assault on what is the shadow economy or the parallel economy itself. Let us take this example of what everybody has commented on Section 132. Section 132, in simple,
After an intense seven-hour-long debate in the Lok Sabha, the cabinet gave a nod to the Goods and Services Tax (GST) Bill. A green signal has also been given to the four crucial supplementary bills; Central Goods and Services Tax (CGST) Bill, Integrated GST (IGST) Bill, Compensation GST (compensation
A successful effort to take high speed internet to over six lakh Indian villages by an IIT Bombay team failed to get support from the government. But, the same indigenous television white space technology developed by the team has now won Mozilla Corporation’s ‘equal rating innovation cha
Delhi Jal Board, in collaboration with University of Virginia on Thursday unveiled the Yamuna River Project with a symposium cum exhibition as a part of the overall effort to map out an expansive, multidisciplinary prescription to clean Yamuna. The discussion opened on the lines of eradicati
Over 22 crore LED bulbs have been distributed by Energy Efficiency Services Limited (EESL) under UJALA scheme, union minister Piyush Goyal informed the Lok Sabha. The minister said that the National LED programme, called Unnat Jyoti by Affordable LEDs for