CAclubindia News

Govt introduces Constitution Bill in LS for GST

22 March 2011 at 18:17

Govt introduces Constitution Bill in LS for GST The govt on Tuesday introduced a Constitution Amendment Bill in the Lok Sabha to facilitate implementation of the Goods and Service Tax (GST), an indirect tax regime that would subsume levies like

Posted in GST | 4044 Views

I-T Dept issues Rs 616.53 cr tax notice to Mahindra Satyam

22 March 2011 at 18:11

I-T Dept issues Rs 616.53 cr tax notice to Mahindra Satyam The Income Tax Dept has issued a notice to Mahindra Satyam, the new brand identity of Satyam Computer Services Ltd, to pay Rs 616.53 crore in taxes, the company said in a stock exchange

Posted in Income Tax | 4995 Views

FM withdraws proposal for service tax on healthcare

22 March 2011 at 18:09

FM withdraws proposal for service tax on healthcare Bowing to demand from all quarters, Finance Minister Pranab Mukherjee today announced withdrawal of the proposed 5 per cent service tax on airconditioned hospitals with more than 25 beds and on

Posted in Service Tax | 4671 Views

Exposure Draft on Public Interest Framework for Accountancy Profession

22 March 2011 at 11:31

Exposure Draft on Public Interest Framework for Accountancy Profession on which comments have been requested by IFAC by 25 March, 2011 IFAC (International Federation of Accountants) has come out with an Exposure Draft on Public Interest Framewor

Posted in Accounts | 6285 Views

CBDT chief for quick payment of IT refunds

22 March 2011 at 11:31

CBDT chief for quick payment of IT refunds Issuance of about 15 lakh income tax refunds to taxpayers across the country has become a bone of contention between the I-T department and CBDT, with the Board chairman issuing instructions that failur

Posted in Income Tax | 2 comments | 7527 Views

Stakeholders would have the option to either make the payment in electronic mode, or paper challan for the payments of value above Rs. 50,000

22 March 2011 at 11:31

In the interest of stakeholders, with a view to improving service delivery time, Ministry has decided to accept payments of value upto Rs.50,000, for MCA 21 services ,only in electronic mode w.e.f 27th March, 2011. For the payments of value abov

Posted in Corporate Law | 3981 Views

Guidelines for reporting TDS transactions where amount paid to deductee has not exceeded the threshold limit

21 March 2011 at 12:11

Guidelines for reporting TDS transactions where amount paid to deductee has not exceeded the threshold limit in the first quarter but in subsequent quarters has exceeded threshold limit (as issued by the Directorate of Income Tax – Systems)

Posted in Income Tax | 7 comments | 17070 Views

New validation for quarterly e-TDS/TCS statement pertaining to FY 2010-11 and onwards. Amended file format and FVU version 3.1 and 2.130 released

21 March 2011 at 12:11

New validation for quarterly e-TDS/TCS statement pertaining to FY 2010-11 and onwards. Amended file format and FVU version 3.1 & 2.130 released (March 18, 2011) A. Procedure for preparation of return Deductors' Manual for quarterly retur

Posted in Income Tax | 13185 Views