CAclubindia News
Esops too are fringe benefits, to be taxed
13 March 2007 at 23:19Companies may not be as generous with Esops since it would result in a rise in their tax expenses. Employee stock option plans (Esops) will now be brought under the purview of the fringe benefit tax (FBT). Thus,companies will now have to pay tax at f
Ministry orders e-filing of excise, service tax
13 March 2007 at 23:04After the launch of the e-filing process for income tax returns, it is now the turn of excise and service tax departments.Thefinance ministry has made it mandatory for all assessees paying exciseand service tax of Rs 50 lakh and above, to pay the tax
Government may levy income tax on dividends
13 March 2007 at 23:03Income from dividends, which is at present taxed in the hands of the companies, could soon be added to one's income and may have to shell out the applicable income tax.
Exemption - Form & Contents of Accounts
11 March 2007 at 11:42In certain situations, a company can seek exemption from therequirements of Sec. 211 of the Companies Act, 1956 relating to theForm & Content of Balance Sheet and Profit & Loss Account.Application to Central Government -Sec.211(4) provides th
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