CAclubindia News

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 | 5463 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 | 7362 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 | 11580 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 | 14028 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 Community & General | 7080 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 Corner | 18675 Views

ICAI TO TEACH AFRICAN, WEST ASIAN TAX LAWS

24 September 2008 at 18:06

The Institute of Chartered Accountants of India (ICAI) will soon offer an international course for students in Africa and West Asia. The curriculum will include local laws, particularly tax laws. The initiative aims to train its members and qua

Posted in Career | 4788 Views

Health cover a tax-saver, too

23 September 2008 at 16:19

Lest you forget, deduction possible under Sec 80D has gone up from this fiscal, When the finance ministry released a list of items that make it mandatory for the owner to file income-tax returns

Posted in Income Tax | 5097 Views

Morgan, Goldman biz model 'flawed'

20 September 2008 at 15:15

Wall Street's hammering of shares of Morgan Stanley and Goldman Sachs, the last two investment banks standing

Posted in Community & General | 5805 Views

Last date of filing of income-tax returns extended in Bihar

20 September 2008 at 14:43

The Central Board of Direct Taxes (CBDT) has extended the last date of filing of income-tax returns and obtaining of tax audit report, due by September 30, 2008, to November 30 in Bihar in view of the disruptions caused by floods in that State.

Posted in Income Tax | 10620 Views