Trading Times revised

 In order to reduce volatility in various scrips at the start of the market and arrive at the ideal opening price of the scrip, the exchanges are introducing call auction process in Pre open session from 18th October 2010. Therefore under this new arrangement, the exchange will collect the orders for the first few minutes of this session. On the basis of orders received, the exchange will arrive...

ICAI Plans to introduce unique code numbers (UCD) to check the increasing forged attestations

ICAI Plans to introduce unique code numbers (UCD) to check the increasing forged attestations Copies of the balance sheet, tax audit reports and similar documents attested by chartered accountants as part of several million mandatory filings done by companies across the country each year may soon have a unique code number as authentication. The Institute of Chartered Accountants of India (ICAI),...

Nothing moves without money in Tax depts - SC

Stating that nothing moves without money, the Supreme Court has expressed concern over the growing corruption in government machinery, particularly in the Income Tax, Sales Tax and Excise departments. It is very unfortunate that there is no control over corruption in the country. There is rampant corruption particularly in the department of Income Tax, Sales Tax and Excise Department. Nothing moves...