CAclubindia News

Govt realises 152% target for indirect tax recovery

02 June 2009 at 12:34

Customs duty evasion still high, only a third of demanded duty was realised Author : Nivedita Mookerji/DNACustoms duty evasion continued to be high during 2008-09, according to estimates available with the ministry of finance. While the all-India cus

Posted in Excise | 6441 Views

Relaxation in cut off date for registration of CS Exam

30 May 2009 at 10:32

RELAXATION IN CUT-OFF DATE The actual cut-off date for acceptance of Registration Applications relating to Executive Programme for appearing in one module in December, 2009 Session of Examinations is 31st May, 2009. However,

Posted in Career | 2 comments | 16350 Views

Delhi HC stay on disclosure of answer sheets of CA exam

29 May 2009 at 17:15

While considering an appeal filed by a student of the Chartered Accountants Examination under the Right to Information Act, 2005, the Central Information Commission recently ordered for supply of certified copies of the answer sheets of a student con

Posted in Students | 38 comments | 29526 Views

FM says Budget will push inclusive growth, reforms

29 May 2009 at 10:24

Will talk banks into "a more benign plan of action" on interest rates Author : Nivedita Mookerji/DNAPushing reform measures while initiating steps to boost inclusive growth and ensuring economic revival amidst the continuing global financia

Posted in Others | 5877 Views

Establishment of Competition Commission of India

27 May 2009 at 11:32

ESTABLISHMENT OF COMPETITION COMMISSION OF INDIAThe Central Government has appointed the Chairman and Members of the Competition Commission of India. Present Organogram of Competition Commission of IndiaNOTIFICATION OF SECTION 3 &am

Posted in Others | 11652 Views

CAs should be able to call for a/c restatement

25 May 2009 at 13:17

Uttam Prakash Agarwal, president of Institute of Chartered Accountants of India (ICAI), has been in focus lately, handling queries on the role of auditors in the Satyam Computer fiasco. Agarwal, who is also chairing the six-member high-level committe

Posted in Others | 10 comments | 13731 Views

Service tax clarity profit booster for SEZs

23 May 2009 at 12:52

Govt says refunds can be sought on tax levied on services consumed outside an SEZ Author : Mehul Sheth/DNAThe government has provided the much-needed relief sought by developers or units inside special economic zones (SEZ).Through a notification on M

Posted in Service Tax | 3 comments | 17874 Views

AS 11 will prevent forex-led distortions

22 May 2009 at 13:11

A clarification regarding tax treatment of the accounting option is warrantedAuthor : Suresh Surana/DNAIndia has been growing by 8-9% for the past few years and this outstanding growth has resulted in heavy inflow of foreign funds to the country. Man

Posted in Accounts | 10 comments | 16815 Views

Direct tax mop-up drops as a proportion of GDP

22 May 2009 at 13:09

Despite 8% rise to Rs 3.38 lakh croreAuthor : Nivedita Mookerji/DNAThe day before the new government is to take over, there was good news flowing from the finance ministry. According to its estimates, direct tax collection for the financial year 2008

Posted in Others | 4320 Views

Matters connected to new Return Forms

22 May 2009 at 12:51

NEW RETURN FORMS FOR ASSESSMENT YEAR 2009-10 MATTERS CONNECTED THERETO CIRCULAR NO. 03 / 2009 DATED21-5-2009 The Central Board of Direct Taxes have, vide notification S.O. No.866 (E) dated 27th, March, notified the following new

Posted in Income Tax | 3 comments | 17535 Views