CAclubindia News
Acceptance of Return Form in Paper Form for Firms etc
02 June 2007 at 03:52Acceptance of returns of income/ fringe benefits in paper form for assessment year 2007-08 in case of firms liable to audit under section 44AB and companies - reg. May, 29th 2007 Circular No. 03 / 2007F.No. 153/75/2007-TPLGovernment of IndiaMinistry
8 per cent taxable bonds attract TDS from 1st June
01 June 2007 at 23:28MUMBAI: Eight per cent taxable bonds, floated by the Government in 2003, will attract tax deduction at source (TDS) from today on interest exceeding Rs 10,000 in a year. "Tax is required to be deducted at source on the interest exceeding Rs 10,000 pa
Taxhounds readying data bank to chase defaulters
01 June 2007 at 02:28PAY your taxes honestly and in time. The income-tax department is now going whole hog after recovery of tax arrears. Asa part of this exercise, the Central Board of Direct Taxes is creatinga data bank of those asse
Filing Form 16 not required for refund
01 June 2007 at 02:23The Income Tax Department has said there was no need for appending 'Form16' - the statement of tax deducted at source - with the returns on income toavail of tax refunds. "Ataxpayer is not required to file any document relating to computation of in
New Tax Laws to get rid of CAs
30 May 2007 at 06:52How long have you been struggling to make sense of the Income Tax Act to tackle important issues in your life like the tax implications for funding higher education of your children or planning for retirement?Sure enough, only a tax professional woul
Direct collection rises 128% in April
29 May 2007 at 05:25Direct tax collection in April 2007 has shot up by over 128%, mainlydue to faster clearing of refunds by the income tax department during2006-07. Direct tax collection in April 2007 stood at Rs 5,441 crore,compared with Rs 2,381 crore in the correspo
CFA Institute moves Delhi HC
29 May 2007 at 04:57Stungby the missive from the All India Council for Technical Education(AICTE) to wind up its operations in India, the Chartered FinancialAnalyst (CFA) Institute has filed a petition in the Delhi High Courtseeking a stay on the notice, even as it has
Submit Form 16 for refunds: I-T Dept
27 May 2007 at 08:05Press Trust of IndiaSunday, May 27, 2007 (New Delhi):Individual assessees have to submit Form 16 - a certificate of tax deducted at source - along with income tax returns to avail of timely payment of refunds, I-T Department officials say.However, if
Income-tax return preparers..here they come
25 May 2007 at 02:46The Finance Minister, Mr P. Chidambaram, has advised the first batchof income-tax return preparers to stay up-to-date with tax laws andperiodically go in for refresher courses to be in tune with changes intax laws.
Now CAs can also do CFA
23 May 2007 at 01:06After nearly two decades, the Institute of Chartered FinancialAnalysts of India (ICFAI) has won the `chartered' row against the ICAI(Institute of Chartered Accountants of India). In a decision dated May 16, the apex court ruled in favour ofthe Hydera
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