CAclubindia News

Securities Transaction Tax (STT) Reduced

28 February 2013 at 13:31

The Finance Bill 2013-14 proposes reduction in the rates of Securities Transaction Tax (STT) in respect of certain transactions. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram proposed the following

Posted in Others | 4326 Views

Final withholding Tax Levied at the Rate of 20 Per Cent

28 February 2013 at 13:29

The Finance Bill 2013-14 proposes levy of Final Withholding Tax at the rate of 20 per cent on profits distributed by unlisted companies to shareholders through buy-back of shares. Presenting the Union Budget in the Lok Sabha today, the Finance Min

Posted in Others | 4392 Views

TDS at the Rate of 1 Percent Applied on the Value of Transfer of Immovable Property Exceeding Rs.50 Lakh

28 February 2013 at 13:28

The Finance Bill 2013-14 proposes levy of TDS at the rate of 1 percent on the value of the transfer of immovable property where the consideration exceeds Rs.50 lakh. However, agricultural land will be exempt. Presenting the Union Budget in the Lok S

Posted in Others | 6453 Views

Additional Deduction of Interest upto Rs.1 Lakh on Home Loan for First Home Buyer

28 February 2013 at 13:27

The Finance Bill 2013-14 proposes additional tax benefit to the first – home buyer who takes a loan for an amount not exceeding Rs.25 lakh. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram proposed

Posted in Others | 3 comments | 7605 Views

Relief for Taxpayers in the Bracket of Rs.2 Lakh to 5 Lakh Tax Credit of Rs.2000 to Every Person with Total Income upto 5 Lakh

28 February 2013 at 13:26

The Finance Bill 2013-14 proposes a relief of Rs.2000 to every person who has a total income upto Rs.5 lakh in a financial year. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram said that 1.80 crore taxpa

Posted in Others | 1 comments | 6975 Views

Surcharge of 10 Per Cent on Persons with Taxable Income Exceeding Rs.1 Crore

28 February 2013 at 13:25

The Finance Bill 2013-14 proposes a surcharge of 10 per cent on persons whose taxable income exceed Rs. 1 crore per year. This will apply to individuals, HUFs, firms and entities with similar tax status. Presenting the Union Budget in the Lok Sa

Posted in Others | 5379 Views

ICAI e-Journal (March 2013)

28 February 2013 at 10:17

ICAI e-Journal (March 2013)

Posted in Others | 7113 Views

ICAI-President's Message - March 2013

28 February 2013 at 10:17

It is my privilege as the 61st President of ICAI to formally welcome our accounting stakeholders that include our members, students and employees of the Institute.

Posted in Others | 4137 Views

Announcement on renumbering of already issued ASLBs

27 February 2013 at 17:05

Committee on Accounting Standards for Local Bodies The Committee on Accounting Standards for Local Bodies (CASLB), since its inception, has issued the following seven Accounting Standards for Local Bodies (ASLBs): 1. ASLB 1, ‘Presentation

Posted in Accounts | 5466 Views

Applicability of the Revised Audit Report Formats (including for bank/bank branch audit reports) and Reporting in respect of Memorandum of Changes in Bank Audit Reports

27 February 2013 at 17:01

1. Members are requested to note that the audit reports for audits of financial statements for periods beginning on or after 1st April 2012 are to be issued in the revised auditor’s report format, as prescribed in the Revised Standard o

Posted in Audit | 1 comments | 15969 Views