CAclubindia News
Tax Administrtation Intakes IT Facility : Government
08 February 2008 at 16:03Tax Administrtation Intakes IT Facility : Government India ranks165th, as placed by a World Bank-IFC-PricewaterhouseCoopers study called Paying Taxes, 2008. India's ranking, measured on the basis of ease of paying taxes, was marginally b
Income Tax Surveys in full swing
08 February 2008 at 10:14Income Tax Department had recently carried out a search operation against a group of Gurgaon engaged in development of real estate and running a private airline. On the basis of evidence collected during that search, surveys were subsequently conduct
GST set to replace state & central taxes by 2010
08 February 2008 at 09:03GST set to replace state& central taxes by 2010 Theproposed unified goods & service tax (GST) regime could spell an end tovarious kinds of exemptions enjoyed by the corporate sector. These includearea-based exemptions and sectoral tax breaks. Finan
Charitable Trusts under Finance Minister's Scrutiny
07 February 2008 at 16:30Charitable Trusts under Finance Minister's Scrutiny The government is considering a proposal to redefine and narrow the concept of "charitable activity" to ensure that only deser
Extension of limits in a Bewildered State: Budget
06 February 2008 at 13:13With the last full-fledged Budget of the UPA government, Finance minister P Chidambaram might spread cheer all around with Budget 2008-09. A hike in the income-tax exemption limit from Rs 1,10,000 to Rs 1,25,000., a higher ceiling for tax-saving in
Quarterly TDS return due date extended-CBDT
06 February 2008 at 13:01The Central Board of Direct Taxes have extended the due date for filing of quarterly statements of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) for the quarter ending 30th September 2007 of financial year 2007-08 to 29th February 20
Indian CA get ready for Australia and UK
06 February 2008 at 10:48Indian CA's can look forward to practice in Australia and UK as ICAI is in the process fof sighing agreements with its counterparts for mutual recognition of each others course.As per ICAI president Ved Jain there is a possibility to sign MRA(M
Tax Dept to use identity-search software to prevent evasion
05 February 2008 at 20:16Tax Dept to use identity-search software to prevent evasionThe Income Tax Department is gearing up to use identity-search technology to manage the swelling data base of taxpayers, a move that will make tax evasion difficult and bring to book habitual
12 new services to be in tax net
05 February 2008 at 20:1412 new services to be in tax netLower inflation may prompt a rates rise too. About a dozen new services are likely to be brought under the service tax net from fiscal 2008-09, even as the rate could be increased from 12 per cent. Last year, the gover
Due dates of filing IT returns may be preponed...
05 February 2008 at 19:53Both salaried individuals and companies i.e direct tax payers may require to file income tax returns two months in advance says the finance minister. The modification may bring the due date from 31st July to May 31st."For salaried and other individua
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