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Home buyers get service tax waiver ::

   11 September 2007 at 09:26

Finally, the clouds of uncertainty over levying of service tax have disappeared from the minds of realty consumers and developers. According to a ruling by the Union Finance Ministry, the developers have been exempted from the service tax net, which

Posted in Service Tax |   6126 Views


NEXT CA;;CPT EXAM. ON 4th NOV. 07 !

   11 September 2007 at 09:17

Sale of 04th November 2007 CPT Examination Information Brochure and forms through AXIS Bank in Delhi / New Delhi The next Common Proficiency Test (CPT) of the Institute will be held on 4th November 2007. The sale of Examination Information Brochure

Posted in Career |   5001 Views


Fair market value for FBT on Esops may be a day's work

   10 September 2007 at 17:25

Taxmen are narrowing down their choices from their stock of options on finding the right price for taxing Esops. The employee stock option plan (Esop) valuation norms for listed companies are likely to rely on the opening and closing price of the scr

Posted in Others |   3648 Views


PAN CARD HOLDERS TO PAY MORE FOR COOKING GAS !!

   08 September 2007 at 15:07

PAN card holders (income-tax payers) may be in for a shock if this proposal manages to pass the political muster. Consumers of cooking gas, liquefied petroleum gas (LPG), may have to fork out more. The government plans to withdraw subsidies for taxpa

Posted in Others |   5871 Views


CA : CPT Results on 10th September !!

   08 September 2007 at 14:52

Announcement Result of Common Proficiency Test (CPT) - August 2007 is expected to be declared on Tuesday, the 10th September 2007 around 10 A.M. The result of the Common Proficiency Test held on 26th August 2007 is expected to be declared on Tuesda

Posted in Career |   17604 Views


ICAI to converge with international standards

   08 September 2007 at 02:29

The Institute of CharteredAccountants of India has decided to "fully converge" with InternationalFinancial Reporting Standards (IFRS) from accounting periods starting on orafter April 1, 2011, a senior ICAI official said here today. VedkumarJain, vi

Posted in Career |   4128 Views


New simplified Income tax

   06 September 2007 at 19:01

The government on Friday said the new simplified Income Tax Act is likely to come into force on April 1, 2008, replacing the existing Income Tax Act 1961, reports Economic Times. A report to simplify and rationalise the law relating to income tax, pr

Posted in Income Tax |   6741 Views


New Return for all Accounts Officers in Govt Dept.

   06 September 2007 at 15:13

A New quarterly return has been started by the Income Tax Dept FOR:PERSON LIABLE TO FILE THIS RETURN--All Accounts Officers (AOs) in Government Department(s)(STATE/CENTER GOVT )--Who process the bills prepared by Drawing and Disbursement Officers (DD

Posted in Income Tax |   3540 Views


Asset-liability mismatch norms tightened

   06 September 2007 at 13:33

MUMBAI: In a bid to instill more discipline among banks in managing their liquidity, the Reserve Bank of India (RBI) has asked banks not to have a negative gap in their fund outflows for the next day. Negative gap refers to a mismatch in which intere

Posted in Others |   3309 Views


No service tax on transaction charge

   06 September 2007 at 13:21

NEW DELHI: Clearing houses, stock exchanges and commodity exchanges have something to cheer about. Service tax would not be levied on the transaction charges collected by the bodies from their members. The Central Board of Excise & Customs (CBEC), in

Posted in Service Tax |   3639 Views



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