The party for retailers taking space in malls may soon end with the tax sleuths on prowl to check evasion of tax deducted at source (TDS) by them. Income-tax department is laying special emphasis on tightening of TDS administration, as these payments
Additional tax-saving avenues are on their way. A Securities & Exchange Board of India committee has proposed tax exemptions up to Rs2 lakh under Section 80 C of the Income Tax Act, as against the current limit of Rs1 lakh. The only caveat is that th
New I-T code to be tabled before December!Finance Minister P Chidambaram has been working on drafting the code, which after being tabled in Parliament, will have to go through a process that will take quite some time before it is passed. The new inco
Accountants more satisfied than tax expertsTax advisers come 42nd in a poll of job satisfaction, belowmanagement accountants - but above lawyersKevin Reed, Accountancy Age 07 Aug 2007Management and chartered accountants have higher job satisfactionth
The Central Board of Direct Taxes (CBDT) is considering a proposal to restrict the exemption on long-term capital gains only to companies constituting the BSE-500 index. At present, the exemption under Section 10 (38) is allowed on transactions of sh
The Cost Inflation Index for the Financial Year 2007-08 has been notified as 551 vide NOTIFICATION NO. 214/2007, DATED 3-8-2007.
The Income Tax department has devised ITR-5 in Excel format. To download the file click on the link given below.. http://www.caclubindia.com/files_display.asp?files_id=893
EXAMINATIONS HELD ON 5 AUGUST STANDS TO BE CANCELLED AND RE EXAM WILL BE CONDUCTED ON 26TH OF AUGUST 2007 (ALL OVER THE COUNTRY)LINK OF ICAI NOTIFICATIONhttp://www.icai.org/icairoot/announcements/announ1098.html
New Delhi: For the first time in 57 years, the question paper for the Common Proficiency Test (CPT) to be conducted by the Institute of Chartered Accountants of India (ICAI) has been leaked.Following a sting operation conducted by a private news chan
E-PAYMENT MADE MANDATORY FOR CORPORATESThe office of the Andhra Pradesh Chief Commissioner of Income Tax today informed that e-payment of Direct Taxes was mandatory for Corporate Tax payers and those coming under the purview of Sec 44 AB, with effect
6 days Certification Course on GST Practical Return Filing Process