Income Tax Articles

Guidance Note on Tax Audit

Manjunath 07 March 2008 at 11:05

Guidance Note on Tax Audit - Issued by ICAI THE TURNOVER OR GROSS RECEIPTS IN RESPECT OF TRANSACTION IN SHARES, SECURITIES AND DERIVATIVES MAY BE DETERMINED IN THE FOLLOWING MANNER.(a) SPECULATIVE TRANSACTION: A speculative transaction means a trans

Budget 2008.. A write up

Admin 04 March 2008 at 09:56

MAHESH KAPASI & CO. Mail: maheshkapasi49 @ gmail.comChartered Accountants Phone: 2686 8147

Budget 2008-09 in nutshell

sai are 01 March 2008 at 17:01

1.Income Tax 1.1 Personal Taxes: Increase in exemption limit from Rs.1.10 Lakhs to 1.50 Lakhs for the year 2008-09. Substantial benefit to Individuals. Minimum savings is Rs 4,000 for a year . No Change in the Tax rates. No withdrawal of Cess Cha

A fine balance, Mr Chidambaram

Darshu 01 March 2008 at 17:01

This Budget's emphasis on agriculture, education and health are in line with the objectives of the 11th five-year plan of increasing investments in social infrastructure. The first positive has been favourable macro-economic conditions-an 8.7

Budget 2008 Some welcome proposals under Income Tax

Admin 01 March 2008 at 16:43

Budget 2008 Somewelcome proposals under Income Tax1. Last date for furnishing returns of income is proponed by onemonth: suitable amendments are made U/s 139(1) and 115WB of the Act for fillingof the Income Tax and fringe Benefit Returns of Inco

Fringe Benefit Tax

sai are 22 February 2008 at 14:38

Fringe Benefit TaxUp to 01.04.2006, benefits or amenities collectively enjoyed by employees escaped taxation since it was difficult to attribute any quantum of benefit to individual employees. The Finance Act 2005 introduced an additional income tax

Filing Return of Income under the new ITR Form Series

CA. Gurdeep Singh Chawla 22 February 2008 at 14:38

Filing Return of Income under the new ITR Form Series (A simple guide)As we are all aware that the CDBT has vide notification dated 15-05-2007 issued a new set of Forms to be filled in for the Assessment Year 2007-08 and it is effective from 15-05-20

Secretarial Services Provided by Company Secretaries

sai are 22 February 2008 at 14:38

Secretarial Services Provided by Company SecretariesA. Company Laws and Securities Related LawsI. Basic ServicesIncorporation of New Company in India / Overseas Joint Venture in India or Outside India and related policies of Govt. of India Liaison an

Few Tips for filing IT returns

Aisha 22 February 2008 at 09:29

But if the queue looked shorter this year, it's because of the likes oftech-savvy Rahul, for whom the queue does not exists. Rahul believes in doingeverything, including his return filing by way of a click of the button -thanks to e-filing, which is

Income Tax Refund Status

CA Praveen Chopra 21 February 2008 at 09:23

Income Tax Refunds Status on Website[Submitted by CA. Praveen Chopra,B.COM.,ACA,GANDHIDHAM]February 20, 2008As per Press reports -The Income Tax Department (Mumbai region) has put on its website the list of income tax refunds for assessment years 200