Satyam Scam: SEBI Bans Price Waterhouse For 2 year

SEBI

On Wednesday, SEBI found PWC guilty in the Satyam scam and therefore; suspended its network entities from engaging in audit work with any listed company in India for 2 years; for its role in Rs 8,000-crore Satyam scam that took place in 2009. The ban will come into effect from the FY 2018-19 and won’t affect the auditing work for the year 2017-18. Satyam Scam: SEBI bans Price Waterhouse for 2 years SEBI found the audit firm guilty in the nine-year-old Rs. 7,136 crore Satyam Computer Services Ltd scam. In…

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Due Dates for the month of January 2018

Due Dates for the month of January 2018 Particulars Date Income Tax Due date for deposit of Tax deducted/collected for the month of December, 2017. 7th January 2018 GSTR-1 by registered person with aggregate turnover up to 1.50 crores for July to September 2017. 10th January 2018 GSTR-1 by registered person with aggregate turnover more than 1.50 crores for July to November 2017. 10th January 2018 Income Tax Due date for issue of TDS Certificate for tax deducted u/s 194-IA in the month of November, 2017 14th January 2018 Income…

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Accidental Death & Compensation

Accidental Death & Compensation (ITR Required) If a person is dead due to an accident and if he was filing ITRs for the last 3 years; then the government is liable to give 10 times the average annual income of the last 3 years to that person’s family. For example, if someone’s annual income is 4 lakh, 5 lakhs and 6 lakhs in the first, second and third years respectively, its average income is 10 times of five lakhs, i.e., 50 Lakh rupees. Thus, the family of that person is…

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