CAclubindia News

Empanelment for Corporate Affairs Standards

The Corporate Laws Committee of The Institute of Chartered Accountants of India has decided to formulate Corporate Affairs Standards in relation to various areas of corporate laws including mergers and acquisitions, due dilige

Examination HelpLine

Giving is joyful, receiving taxing

Gift is “something given voluntarily without payment in return, as to show favour towards someone”. The practice of giving and receiving gifts possibly started with Adam and Eve. Gifts are usually given out of natural love and affection,

ITAT makes trusts' registration with I-T Dept easier

New Delhi (PTI): Making it easier for trusts to register themselves with the Income Tax Department, the tax tribunal has ruled that registration process would be deemed to be complete if the application is not rejected by the concerned official withi

Happy Holi!!!

CAclubindia wishes all its members a very Happy Holi!!Let the colour of Knowledge spread in this festive occasion..

CPT to be held on 8th June, 08

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA - NEW DELHIANNOUNCEMENT 18th March, 2008The next Common Proficiency Test (CPT) of the Institute will be held on8th June, 2008at the following centres : 1)Alappuzha, Allahabad, Alwar, Ambala, Amravati, A

Sebi scraps MF entry, exit loads from April 1

Sebi scraps MF entry, exit loads from April 1Mumbai March 19, 2008The Securities and Exchange Board of India (Sebi) scrapped loads (entry as well as exit) charged by mutual funds on bonus units and units allotted on reinvestment of dividend, with eff

E-payment mandatory from 01.04.08

Allincome tax payments are mandatorily to be made only electronicallyw.e.f.1.4.2008, for companies and others liable for tax audit undersection 44 AB. The relevant Notification is given below.NOTIFICATION NO 34/2008, Dated: March 13,2008 Inexercise

110% rise in corporate advance tax payments

CORPORATE advance tax payments for the final quarter of the fiscal year have risen sharply, indicating that earnings for the January-March period, scheduled to be announced next month, could be robust. That would be good news for the capital markets

US Federal Reserve cuts over night interest rates by 75 basis points

THE US Federal Reserve has cut interest rates by 75 basis points to bring down the overnight rates to 2.25 in the FOMC meeting held on Tuesday. Prior to that on Friday there was a cut in the rate of interest by 25 basis points in the wake of the resc