CAclubindia News

Mandatory of PANs leading to Hike in its Demand

09 February 2008 at 11:01

Mandatory of PANs leading to Hike in its DemandThe demand for the Permanent Account Number (PAN) is on an all time high with the Income Tax (I-T) department issuing a record number of PANs in the ongoing financial year of 2007-08, with even minors j

Posted in Community & General | 4746 Views

UPA, Left desires: Budget for the masses- "aam aadmi budget".

08 February 2008 at 20:27

The UPA government and its Left allies agreed on Thursday that the coming Budget should be an 'aam aadmi' Budget. According to leaders of the coalition government present at the meeting, the wish lists of the UPA partners and the Left allies mor

Posted in Income Tax | 2352 Views

Who is who of Retail Sector speaks their "heart out"!!

08 February 2008 at 20:27

N V Sivakumar, leader, retail practice, PricewaterhouseCoopers · Retail sector has not been fully liberalised - Foreign equity participation should be extended, especially in a situation where most foreign retailers are sensitive to the pr

Posted in Income Tax | 2763 Views

Equipped for industrialists:

08 February 2008 at 20:27

Value added taxTurnover for registration limit to be increased from Rs 2-5 lakh so as to exclude small and tiny dealers. The turnover for composition tax limit to be enhanced from Rs 15-40 lakh, so that small dealers are exempted from regular re

Posted in Income Tax | 2682 Views

Even Sportpeople cannot escape TDS:

08 February 2008 at 20:27

An announcement may be made by the finance ministry in this budget regarding TDS to be paid by professional sportspeople. They may soon have to pay at least 10.3 per cent as tax on their match fees and money for endorsing corporate logos on their app

Posted in Income Tax | 4152 Views

"Nano" housing loan scheme demanded by Cong.

08 February 2008 at 20:27

It was much expected that after the launch of the car "Nano" we shall see many more "Nano" concepts coming up.. and here it is the the ruling Congress party demanded that its government launch a unique housing loan scheme of Rs 1 lakh to help the poor

Posted in Income Tax | 2946 Views

Tax Administrtation Intakes IT Facility : Government

08 February 2008 at 16:03

Tax 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

Posted in Income Tax | 2493 Views

Income Tax Surveys in full swing

08 February 2008 at 10:14

Income 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

Posted in Income Tax | 1 comments | 5142 Views

GST set to replace state & central taxes by 2010

08 February 2008 at 09:03

GST 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

Posted in GST | 4389 Views

Charitable Trusts under Finance Minister's Scrutiny

07 February 2008 at 16:30

Charitable 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

Posted in Income Tax | 4329 Views