CAclubindia News

Statement of the Union Cabinet on Financial Situation

09 October 2008 at 00:51

Following is the statement made by the Finance Minister, Shri P. Chidambaram on behalf of the Union Cabinet on the financial situation: The United States and many countries in Europe are passing through a severe financial crisis. The ripple effects o

Posted in Others | 1 comments | 4938 Views

CPT ONLINE EXAM !!

08 October 2008 at 04:35

ICAIAnnouncement Common Proficiency Test (CPT) Online Examination 7th December-2008 It is for the information of the candidates that in addition to the existing Paper-Pencil mode for Common Proficiency Test s

Posted in Students | 31524 Views

Collection of third party information to check tax evasion

01 October 2008 at 12:58

The Central Government has issued five notification nos. 38/2008 CE(NT) to 42/2008 CE(NT) all dated 29.9.2008 to facilitate collection of information from third party sources or from manufacturers themselves, in order to identify manufacturers with a

Posted in Income Tax | 3 comments | 13296 Views

TDS on arrears of salary paid to govt employees

01 October 2008 at 12:54

Clarification regarding tax deduction at source on arrears of salary paid to government servants on account of implementation of the recommendations of Sixth Central Pay Commission The Implementation Cell of the Department of Expenditure,

Posted in Income Tax | 19275 Views

Extension of due date of filing income tax returns for Sikkim

01 October 2008 at 02:06

The Central Board of Direct Taxes have extended the last date of filing of income tax returns, due by 31st July 2008, to 31st October 2008 in the state of Sikkim in view of the delay in issuing of Instruction No.8/2008 in respect of filing of income-

Posted in Income Tax | 5460 Views

EXTENSION OF DATE OF FILING IT RETURNS IN ORRISA

30 September 2008 at 09:52

EXTENSION OF DATE OF FILING IT RETURNS AND OBTAINING TAX AUDIT REPORT IN THE STATE OF ORISSAPRESS RELEASE NO. 402/92/2006-MC (45 OF 2008), DATED 29-9-2008 The Central Board of Direct Taxes have extended the last date of filing of income tax returns

Posted in Income Tax | 7347 Views

Interest Rates for Tax Overpayments and Underpayments

26 September 2008 at 13:01

The IRS has announced the interest rates for tax overpayments and underpayments for the calendar quarter beginning October 1, 2008.For non-corporate taxpayers, the rate for both underpayments and overpayments will be 6%. For corporations, the overpa

Posted in Income Tax | 2 comments | 11574 Views

TAX DEPT MUST ACCEPT COS' AUDITED ACCOUNTS: SC

25 September 2008 at 18:02

The Supreme Court has said the Income-Tax Department has to accept the authenticity of the accounts maintained in accordance with the provisions of the Companies Act and certified by the auditors. The assessing officer cannot go beyond the

Posted in Income Tax | 5 comments | 14001 Views

Certificate Course on Valuation

25 September 2008 at 13:51

Certificate Course on Valuation - (25-09-2008) The Council of the Institute of Chartered Accountants of India has, while appreciating the emerging diversities and complexities in valuation job, decided to launch Certifica

Posted in Others | 7026 Views

Relaxation from compulsory filing of E-return for representative assessee

25 September 2008 at 12:43

RELAXATION FROM COMPULSORY FILING OF E-RETURN OF INCOME FOR AY 2008-09 FOR REPRESENTATIVE ASSESSEE OF NON-RESIDENTSPRESS RELEASE, DATED 23-9-2008The Central Board of Direct Taxes, vide notification S.O. No. 752(E) dated 28.03.2008, inter-alia, notifi

Posted in Taxpayers | 18633 Views