THE BANKING OMBUDSMAN SCHEME, 2006The Scheme is introduced with the object of enabling resolution of complaints relating to certain services rendered by banks and to facilitate the satisfaction or settlement of such complaints. CHAPTER IPRELIMINARY1.
A tax enquiry notice can be unnerving for most due to ignorance of laws and understanding the correct way to respond to such notices. Stories of experiences with the taxman also play their own role with people always asking "Why did I get a notice?
NOTIFICATION NO208/2007, Dated: June 27, 2007In exercise of the powers conferred by Section 295 read with proviso to sub-section (3) of Section 40A of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following
NEW DELHI, INDIA: CyberMedia India Ltd. has been conferred the prestigious ICWAI Award for Excellence in Cost Management. CyberMedia happens to be the first media company to receive the award for its innovative HR practices in managing costs, under t
The decision to deduct tax at source from the financial year 2007-08 in respect of the Government of India Savings Bonds if interest during a year exceeds Rs 10,000 is a big blow to many retired persons who have invested substantially in these bonds.
Important Announcement Tele-conference on "E-filing of Income-tax return forms" to be held LIVE on 11 July, 2007 from 2.00pm to 4.30 pm in the Indira Gandhi National Open University (IGNOU) Dear Members, The Fiscal Laws Committee has decided to est
Pvt schools, hospitals to be in service tax netJune, 28th 2007Will have to pay 12% tax besides 3% education cess. Service tax of 12 per cent (plus the education cess of 3 per cent) will soon be levied on fees charged by schools, doctors and hospitals
I-T return form's a tough nutJuly, 02nd 2007Are the new income tax returns (ITR) 'saral' indeed? For close to a decade, successive finance ministers have sought to make the returns easy to file although many taxpayers are not convinced.According to f
In reference to decline in Seminar Income of LKO branch , loss of interestin seminars shown by members is the only reason for this decline. Thebranch has to introspect the quality of the seminars held by branch.I have personally experienced the fol
One of the biggest reasons why Indian Chartered Accountant firmshave remained small-sized is some of the antiquated laws in ourcountry that have shackled our profession and growth. Next time youare watching a cricket match being played in South Afric
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