NEW DELHI: Companies providing for leave encashment payments in their books can now claim tax deduction even if the actual cash payouts have not taken place. Providing for leave encashments is mandatory under ICAI accounting norms for companies. Howe
IMPORTANT ANNOUNCEMENT Multipurpose Empanelment Application Form for the years 2007-08 Members may please note that the Multipurpose Empanelment Form for 2007-08 has been hosted on the website www.meficai.org on 11th July, 2007. The last date for sub
Most awaiting day of the month of july for the students pursuing CA is the day of their result...And for the exams conducted in May'07 the results are likely to be declared on 17th July,2007.
NEW DELHI: Retailers, real estate developers and multiplex owners amongothers have moved the Bombay High Court challenging the levy of service taxon rental income from commercial properties.Pantaloon Retail, Trent, Aditya Birla Retail, Archies, CISCO
The income tax department is planning to withdraw a facility introduced last year for filing tax returns at around 2,000 post offices, owing to incomplete and inaccurate returns. Nearly 350,000 returns were filed through post offices last year. "Man
CA may end up as a college course. With changing business environmentand expectations from chartered accountants (CAs), world'ssecond-largest accounting body Institute of Chartered Accountants ofIndia (ICAI) is now contemplating making residential cl
Watch out for those ten deadly time-trapsNanu R. Mallya.,B.Com. F.C.A.Chartered Accountants, as a tribe, are workaholics. Whether one isin practice; or in employment. It is not unusual to see a CharteredAccountant put in twelve hours of work everyday
Life insurance companies are set to be spared of paying service tax on fund management fees. This is good news for policy holders investing in unit-linked insurance plans (Ulip) as they will not have to take a hit on their returns. The Central Board
I-T return form gets simpler: There is some relief for income tax payers. While filing returns this year, they will not require to attach loads of documents related to investment details. The Income-Tax department has finally come clear on the issue.
Will this proposal give recognition to Work Accountants????The Institute of Cost and Works Accountants of India (ICWAI) has presented a memorandum to the Ministry of Corporate Affairs requesting for a change in the name of the institute. The name it
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