CAclubindia News

Finance Ministry does capacity building of transfer pricing assessment units

29 August 2007 at 20:45

The Central Board of Direct Taxes (CBDT) has set up five more transfer pricing commissionerates with the objective of augmenting capacity to handle transfer pricing issues that emanate out of increased volume of international transactions from the co

Posted in Others | 3039 Views

Close look at Tax numbers

29 August 2007 at 20:43

August, 29th 2007The Union government's tax revenues have maintained decent growth in the last three years. That is the broad picture. A closer look reveals something more interesting. The sharpest rise has been seen in revenues from direct taxes and

Posted in Income Tax | 4353 Views

ICSI going high tech

29 August 2007 at 17:35

Students can now pursue the fast-growing secretarial profession even ontheir mobile phones. The profession's regulator, the Institute ofCompany Secretaries of India (ICSI), will soon introduce virtualclassrooms, which could be accessed through intern

Posted in Corporate Law | 6111 Views

OIL MINISTRY SOUGHT SCRAPPING OF 'SERVICE TAX' ::

28 August 2007 at 19:07

The oil ministry has sought scrapping of service tax on exploration activities on the ground that spike in global rates for hiring rigs and other services such as geological data analysis have put huge pressure on domestic oil hunters even as they ar

Posted in Service Tax | 2973 Views

'internet services' becomes costly for consumers ::

28 August 2007 at 19:07

The government on Saturday reduced the foreign direct investment limit in internet services to 74% from 100% earlier and introduced a 6% revenue share clause that may spell costlier internet services for consumers. In its internet service policy unve

Posted in Others | 3132 Views

LAW FOR CREDIT CARD PAYMENTS :: FM..!

27 August 2007 at 09:32

The government is planning to bring a new law to regulate credit card payment. While replying to a question regarding credit card problems, Finance Minister P Chidambaram told the Lok Sabha that such a move is in the offing. In his question, CPI(M) M

Posted in Income Tax | 4482 Views

Income-tax Department seeks exemption from 'Right to information' Act ::

27 August 2007 at 09:26

The income-tax department has asked the department of personnel and training to amend the Right to Information (RTI) Act to shield itself from unsolicited queries on its investigations. The RTI Act has exempted the department of revenue intelligence,

Posted in Income Tax | 3618 Views

The Institute of Chartered Accountant Committee on Information Technology

26 August 2007 at 00:19

Technology Initiative - ERPGovernment Departments, Corporate and business houses are making increasing use of IT to streamline their operations and provide value added services to their customers. Chartered Accountants, with their matchless knowledge

Posted in Career | 3192 Views

Mandatory Cost Audit in Service sector

25 August 2007 at 11:26

New Delhi, Aug 24 Companies in the services sector and all listedmanufacturing companies may soon have to hire cost accountants undera new formula being worked out by the government to beef up the roleof corporate cost audits.According to sources in

Posted in Audit | 14358 Views

Servic e-Tax on 'Campus Recruitment' ::

25 August 2007 at 09:10

The government made it clear on Thursday that educational institutes, including the Indian Institutes of Management (IIMs) and Indian Institutes of Technology (IITs), would have to pay service tax for providing campus recruitment to their graduates.

Posted in Service Tax | 4269 Views