CAclubindia News

I-T Dept not to accept tds returns without PAN details

26 September 2007 at 20:46

The government on Tuesday said it will not accept tax returns for the quarter ending September 30 and thereafter if companies fail to provide PAN details of a majority of their employees. The Income Tax Department will not accept the quarterly TDS re

Posted in Income Tax | 3594 Views

Govt to notify guidelines on ESOP soon

26 September 2007 at 20:46

After a delay of more than five months, the government is likely to notify within a week the guidelines for evaluating fringe benefit tax (FBT) on stock options given by companies to their employees. "Finance Minister P Chidambaram has given his appr

Posted in Income Tax | 2406 Views

India May Shield Exporters From Rupee, Finance Minister Says

26 September 2007 at 17:05

Indian Finance Minister Palaniappan Chidambaram said the government may take steps to help exporters cope with a nine year-high exchange rate and a U.S. slowdown. ``If I have to help the exporters, I can only do so by fiscal steps,'' Chidambaram said

Posted in Community & General | 3072 Views

CBDT warns action if No PAN data in TDS returns

26 September 2007 at 11:28

This to inform that CBDT has warned action to be taken if TDS returns for salaries is filed with less than 90% of PAN data and returns for payments other than salaries is filed with less than 70% of PAN data furnished for quarter ending Sept 30, 2007

Posted in Income Tax | 4062 Views

E-filing of VAT returns on cards

24 September 2007 at 23:09

PUNE: Filing of returns would soon be a much easier preposition for the value added tax (VAT) dealers in the city. The sales tax, Pune division, will introduce the facility for online filing of VAT returns in two months, D.V. Bhalchandra, additional

Posted in VAT | 3 comments | 19497 Views

Playing Hard to save Capital Gains Tax??

24 September 2007 at 23:01

Strike when the iron is hot. Banking on the bullish market sentiments, National Highways Authority of India (NHAI) plans to issue capital gains bonds worth Rs 2,000 crore on Monday. The bonds, with a face value of Rs 10,000, carry an annual coupon ra

Posted in Income Tax | 3828 Views

SC admits incometax department plea on dividend income !!

24 September 2007 at 22:52

THE Supreme Court has admitted a petition moved by revenue department levy of tax on the dividend income of assessee on which no tax was paid in the contracting country which has signed Double Tax Aviodance Agreement with India. A bench comprising Ju

Posted in Income Tax | 3537 Views

KPO's showering job for Chartered Accountants

24 September 2007 at 22:52

You may wonder what is the limit for KPO? What are the fields that it can not delve into? Latest in the know will tell you that chartered accountants in India are highly in demand. One educational institute in India which teaches students chartered a

Posted in Career | 9909 Views

Taxpayers may pay for I-T's delay

23 September 2007 at 02:36

Taxhounds may once again spoil the sleep of a lot of people. This time it won't be the bark or bite but their deafening silence on valuation norms for fair market value of Esop shares. The Central Board of Direct Taxes (CBDT) is formulating the guide

Posted in Income Tax | 3474 Views

Cash registers at North Block are ringing !!!

23 September 2007 at 02:29

The cash registers at North Block are ringing loud, thanks to the India growth story which shows no signs of any twist in the tale. Signalling a buoyant trend in revenue growth, direct tax collection crossed the Rs 1-lakh crore milestone this fiscal,

Posted in Income Tax | 2688 Views