CAclubindia News

ICAI council insulated from RTI : CIC

02 October 2007 at 18:52

The Central Information Commission (CIC) has said that multi-member deliberative bodies should be insulated from disclosing their details under the Right to Information Act."A certain amount of insularity from disclosure requirement needs to be accep

Posted in Career | 5274 Views

Amendments to the payment of Bonus Act, 1965

02 October 2007 at 12:44

The Cabinet in its meeting held on October 1, 2007 has approved the Amendments to the payment of Bonus Act, 1965, which are as follows:- i) Amendment to Section 2(13): To raise the eligibility limit for payment of bonus from the salary or wage of Rs.

Posted in Others | 13335 Views

Indian CA's in demand abroad!!

02 October 2007 at 12:13

It's not only the Indian engineers, management graduates and IT professionals who are in demand overseas. Usually, the low-profiled chartered accountants (CAs) too are now in demand by the other countries. The apex body of CAs - Institute of Chartere

Posted in Career | 1 comments | 27717 Views

Membership fee for salaried staff

01 October 2007 at 16:49

More than a decade ago, while being Chairman of IEEE, Hyderabad Section, I had got into correspondence with you about the possibility and justification of exemption of income-tax on the payment of subscriptions by individuals to various professional

Posted in Others | 5889 Views

Use of CA logo on excel sheets is permitted

01 October 2007 at 16:48

Use of CA logo on excel sheets is permitted. Members may follow as per attached sample.Please click here for sample http://icai.org/icairoot/announcements/calogo_excelsheet.html

Posted in Career | 7983 Views

MAN RECEIVES INCOME TAX REFUND AFTER 11 YEARS

01 October 2007 at 16:46

Eleven years after he began his fight for an income tax refund, a man has finally managed to receive his due from the authorities coupled with accrued interests following delay in payment. Prakash Aswani, who took voluntary retirement from United In

Posted in Income Tax | 5094 Views

Change in Accounting mode for municipalities!!

29 September 2007 at 12:15

Statesman News Service"The accounting procedures of all the municipalities should change from the existing single entry system to a double entry mercantile system, and even the government ought to switch over to the practice," said Mr Sunil Talati, p

Posted in Accounts | 4026 Views

Higher rupee both problem and oppurtunity

29 September 2007 at 02:46

A part and parcel of India's sizzling growth story during the last five years is the sustained spurt in merchandise exports, which have grown by more than 20 per cent in dollar terms annually in this period. Yet exporters are none too happy as they

Posted in Others | 3702 Views

Paper Documents back as I-T refunds not e-asy

28 September 2007 at 16:47

NEW DELHI: Switching back to paper may help corporate tax payers who had e-filed returns and are still awaiting tax refunds. With Rs 14,000 crore worth of refunds stuck due to non-processing of e-returns, the income-tax department plans to ask them t

Posted in Income Tax | 3546 Views

Foreign companies may enter legal services

28 September 2007 at 14:14

Opening up of legal services for foreign players could be on the cards. The government has begun consultations on the issue with the Indian stake-holders, Law Minister HR Bharadwaj said on Tuesday. He said efforts would be made to build a consensus a

Posted in Others | 1 comments | 3270 Views