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<title>caclubindia.com: Headlines</title>
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<title>Download CA Final May 2008 question papers</title>
<link>http://www.caclubindia.com/news/2008/5/download_ca_final_may_2008_question_papers.asp</link>
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<![CDATA[
To download 1st group CA Final May 2008 question papers click on the links below :

Q paper Accounts Final may 08</sp]]>
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<title>Comodities transaction tax to come into force by July</title>
<link>http://www.caclubindia.com/news/2008/5/comodities_transaction_tax_to_come_into_force_by_july.asp</link>
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<![CDATA[
The CTT, which will be administered by the Central Board of Direct Taxes (CBDT), will be levied at the rate of 0.017 per cent on sellers of commodity futures as well as options. Purchasers of options, who exercise them, will pay 0.125 per cent on the basis of per transaction value.Commoditie]]>
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<title>Expect lobbying for perpetual STPI to continue </title>
<link>http://www.caclubindia.com/news/2008/5/expects_lobbying_for_perpetual_stpi_to_continue_.asp</link>
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<![CDATA[
Author : C Chitti Pantulu/DNA-Daily News & Analysis Brokerages and analysts are reworking their numbers to re-rate IT counters following the government's decision to extend the Software Technology Parks of India (STPI) scheme for one more year.<b]]>
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<title>ICAI Board Okays AS-32</title>
<link>http://www.caclubindia.com/news/2008/5/icai_board_okays_as_32.asp</link>
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<![CDATA[
&nbsp;

ICAI BOARD OKAYS AS-32
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The ICAI&rsquo;s Accounting Standards Board (ASB) has cleared the proposed]]>
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<title>CLARIFICATION ON TDS ON SERVICE TAX ON RENT U/S 194 -I</title>
<link>http://www.caclubindia.com/news/2008/5/clarification_on_tds_on_service_tax_on_rent_u_s_194_i.asp</link>
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Clarification on deduction of tax at source (TDS) on service tax component on rental income under section 194-I of the Income-tax Act</s]]>
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<title>No change in exam schedule</title>
<link>http://www.caclubindia.com/news/2008/4/no_change_in_exam_schedule.asp</link>
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<![CDATA[


    
        
            &nbsp;
        
        
            ICAI - Announcement
        
        
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<title>Ammendment - Sec 40(a) (ia)</title>
<link>http://www.caclubindia.com/news/2008/5/ammendment_sec_40_a_ia_.asp</link>
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<![CDATA[
Sec 40 (a) (ia) ammendment retrospectively to allow deduction of expenses in case TDS of Mar month not paid in time but paid before due date of return]]>
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<title>Chaotic tax axe on builders </title>
<link>http://www.caclubindia.com/news/2008/4/chaotic_tax_axe_on_builders_.asp</link>
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<![CDATA[
 Author : Monish Bhalla/DNA-Daily News & Analysis  We are a real estate development firm which engages a contractor to construct residential societies. Prospective buyers pay us a booking advance on these residential units. Are we liable to pay service]]>
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<title>RBI issues norms regarding recovery agents</title>
<link>http://www.caclubindia.com/news/2008/4/rbi_issues_norms_regarding_recovery_agents.asp</link>
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                        In view of the rise in the number of disputes and litigations against banks for engaging recovery agents in the recent past, it is felt that the adverse pub]]>
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<title>Stamp duty payment to be made online</title>
<link>http://www.caclubindia.com/news/2008/4/stamp_duty_payment_to_be_made_online.asp</link>
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<![CDATA[
&nbsp;
Stamp duty payment to be made online
The government is all set to instigate a centralized electronic stamp duty payment and online vetting of charter of new companies, irrespective of the states where they are set up. Entrepr]]>
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<title>Tax tribunal's ruling may open floodgates of claims : Sec 80(I)A</title>
<link>http://www.caclubindia.com/news/2008/4/tax_tribunal_s_ruling_may_open_floodgates_of_claims_sec_80_i_a.asp</link>
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<![CDATA[
Tax tribunal's ruling may open floodgates of claims from contractors supplying to infrastructure projects Author : Renni Abraham/DNA-Daily News & AnalysisContent : In a precedent-setting ruling, the Income Tax Appellate Tribunal (ITAT]]>
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<title>ICAI to increase audited report cross checks</title>
<link>http://www.caclubindia.com/news/2008/4/icai_to_increase_audited_report_cross_checks.asp</link>
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<![CDATA[
11-member team to steer peer review of CA audits Author : Joel Rebe]]>
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<title>E-FILING OF INCOME TAX RETURN FOR AY 2008-09</title>
<link>http://www.caclubindia.com/news/2008/4/e_filing_of_income_tax_return_for_ay_2008_09_started.asp</link>
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<![CDATA[
Dear friends,e-filing of Income tax return for Assessment Year 2008-09 has been  been started.Intially  it has  been  started  for  three  forms .All the three Return  preparation Utilities (RPU)software are excel based.you can use them as efiling software or you can also use them as m]]>
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<title>Articleship timings bother CA aspirants</title>
<link>http://www.caclubindia.com/news/2008/4/articleship_timings_bother_ca_aspirants.asp</link>
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<![CDATA[
Prospective chartered accountants are left with little manoeuvring space. The Institute of Chartered Accountants of India’s (ICAI) recent decision to spell out the working hours of articled assistants seems to have played spoilsport with their academic interests.As per the decision which cam]]>
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<title>Basic salary allowances = lesser loan eligibility</title>
<link>http://www.caclubindia.com/news/2008/4/basic_salary_allowances_lesser_loan_eligibility.asp</link>
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<![CDATA[
Author : Khyati Dharamsi/DNA-Daily News & AnalysisWith tax reduction being the motive of job seekers, both employers and employees prefer a mix of basic salary and reimbursements. These allowances are being used ]]>
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<title>RBI hikes CRR by 50 basis points</title>
<link>http://www.caclubindia.com/news/2008/4/rbi_hikes_crr_by_50_basis_points.asp</link>
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<![CDATA[
Joining the government in battling the skyrocketing inflation, the Reserve Bank of India (RBI) today hiked the cash reserve ratio (CRR) by 50 basis points to 8%. The ratio indicates the amount of money banks have to&nbsp;keep with RBI as a percentage of their liabilities (deposits).

Th]]>
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<title>No VAT rate hike to compensate CST rate cuts</title>
<link>http://www.caclubindia.com/news/2008/4/no_vat_rate_hike_to_compensate_cst_rate_cuts.asp</link>
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<![CDATA[
PTI NEW DELHI 


<span style="text-align: jus]]>
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<title>SC order  No expiry date for use of stamp paper</title>
<link>http://www.caclubindia.com/news/2008/4/sc_order_no_expiry_date_for_use_of_stamp_paper.asp</link>
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<![CDATA[
To download the judgment click on the link below


SC order No expiry on date of stamp paper]]>
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<title>New Service tax return preparer scheme!!</title>
<link>http://www.caclubindia.com/news/2008/4/new_service_tax_return_preparer_scheme_.asp</link>
<description>
<![CDATA[
The central board of excise and custom has constituted a committee to suggest modalities and prepare a scheme for implementation of &quot;service tax return preparer scheme&quot;.

To download the same click on the link below

<a href="http://caclubindia.com/share_files/files_]]>
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<title>MANDATORY E PAYMENT OF TAXES RBI DIRECTIVES</title>
<link>http://www.caclubindia.com/news/2008/4/mandatory_e_payment_of_taxes_rbi_directives.asp</link>
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<![CDATA[
RBI/2007-08/280DGBA.GAD. No. H. 10875 / 42.01.038 /2007-08April 10, 2008The Chairman & Managing Director/Managing DirectorState Bank of India and its Associates/ All Nationalised banks/ Axis Bank Ltd/HDFC Bank Lt]]>
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