Income Tax News
E-FILING OF INCOME TAX RETURN FOR AY 2008-09
21 April 2008 at 21:53Dear 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 so
Basic salary allowances = lesser loan eligibility
21 April 2008 at 14:28Author : 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 by human resource executives to attrac
MANDATORY E PAYMENT OF TAXES RBI DIRECTIVES
12 April 2008 at 20:11RBI/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 Ltd/ ICICI Bank Ltd/ IDBI Ltd/J&K Bank L
CAs can audit, Sales Tax lawyers can't: HC
10 April 2008 at 14:05Mumbai, April 7: In a decision that will affect the lawyers specialising in Sales Tax laws as well as former Sales Tax officers' who work as sales tax practitioners, Bombay High Court has held that only Chartered Accountants (CAs) can audit and certi
HOW TO PAY ONLINE INCOME TAX
01 April 2008 at 20:38As you may know that income tax payment online would be mandatory from 1/04/08(PRESS RELEASE HAS BEEN ISSUED BY CBDT READ THIS). As per press release and rule amended there after the following person are required to deposite Income tax online1.All
Direct tax collections top Rs 3 lakh cr
01 April 2008 at 16:24For the first time, the Centre's net direct tax collections have crossed the Rs 3-lakh crore mark.To grasp the significance of this milestone, one needs to go back only 15 years or so. In 1990-91, the Centre's net direct tax collections were about Rs
New ITR for 2008-09
31 March 2008 at 09:50Find the latest ITRs in the share files section.To download the same click on the link belowNEW ITRs 2008-09
I-T offices to stay open this weekend
31 March 2008 at 09:44Responding to the appeal made by the All India Federation of Tax Practitioners (AIFTP), eastern zone, Mr T.K. Chatterjee, Chief Commissioner of Income-Tax, Kolkata, on Thursday issued orders that income tax offices throughout the State should remain
Only 2 private firms in top ten advance tax payer list
31 March 2008 at 11:39Private sector presence in the top ten advance taxpayers’ league has dwindled, going by the latest data compiled for 2007-08 by the revenue department. ICICI Bank, which had a presence in the top ten league up to December 15
Giving is joyful, receiving taxing
23 March 2008 at 15:18Gift is “something given voluntarily without payment in return, as to show favour towards someone”. The practice of giving and receiving gifts possibly started with Adam and Eve. Gifts are usually given out of natural love and affection,
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