CAclubindia News


Whats wrong with the new ITR??

 25 June 2007 at 09:15

Para  1 Infact it is tough time for few so called income tax practitionersbecause New ITRS requires the basic knowledge of the Act and accounts.  Para 2 It's a myth and sheer ignorance (which again substantiate the para 1 above)&n

Posted in Income Tax |   4524 Views


Clarification on technical issues on service tax

 24 June 2007 at 12:00

DRAFT CIRCULARCircular No. / /2007-ST New Delhi, dated - - July, 2007 F.No.354/28/2007-TRUGovernment of IndiaMinistry of FinanceDepartment of RevenueTax Research Unit Sub: Clarification on technical issues relating to scope and classification

Posted in Service Tax |   10404 Views


Procedural issues in Service Tax-clarification reg.

 24 June 2007 at 11:58

Draft Circular Circular No. / /2007 New Delhi, the July, 2007 F.No. 137/85/2007-CX.4 Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) *** Subject:- Procedural issues in Service Tax-cl

Posted in Service Tax |   5298 Views


Difficulties being encountered by Goods Transport Operators in complying with the provisions of Service Tax-reg

 24 June 2007 at 11:55

F.No. 137/89/2007-CX.4Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Excise and Customs)New Delhi, the 11th June, 2007Subject: Difficulties being encountered by Goods Transport Operators in complying with the provisions

Posted in Service Tax |   4830 Views


Tax circular on shares does not provide any objective guidelines

 24 June 2007 at 08:07

The Central Board of Direct Taxes (CBDT) recently released a circular containing a set of guiding principles to make a distinction between shares held as stock-in-trade and those held as investment. But the circular appears to fall short of its objec

Posted in Income Tax |   3726 Views


Big 4 Consulting Company booked for allegedly evading service tax

 23 June 2007 at 05:03

Nothing could be worse news for a Big 4 Consulting Company, known as Top Tax Advisor to MNCs; and which claims to have hired a team of over 10 dozen "great" Tax Experts on Compensation ranging upto Rs 2 Crore Per Annum; itself being booked by the Ser

Posted in Service Tax |   5400 Views


Income tax search after death of taxpayer is it possible??

 22 June 2007 at 00:44

INCOME Tax search is a common and regular phenomenon. Every other dayit is reported by the media. It becomes more headline-grabbing duringthe last leg of the fiscal when certain targets are to be realised. Butcan it be conducted even after the death

Posted in Income Tax |   4752 Views


Bull's eye-Mr. Finance Minister

 21 June 2007 at 08:17

The Centre's net direct tax collections up to June 18 this fiscal stood at Rs 37,444 crore, registering a 57.5 per cent increase over the collections recorded in the corresponding period in the previous year. The collection level so far includes adva

Posted in Income Tax |   3054 Views


Mandatory cost auditing norms may be revised

 21 June 2007 at 07:38

June, 21st 2007Sensitive operational details of a large section of corporate India are likely to come under government scrutiny soon. The ministry of corporate affairs has started reviewing the way it orders mandatory cost audits on companies to opti

Posted in Audit |   3 comments |   4722 Views


Enhancement of article seats to take 45 more days.

 21 June 2007 at 01:45

Announcement Enhanced Articled Assistant Entitlements and related mattersVide Notification bearing no.1-CA(7)/102/ 2007(E) dated 26th April,2007, objections/suggesti ons were solicited on the draft amendmentspropo

Posted in Career |   4452 Views



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