CAclubindia News

Government Sets up a Committee for Comprehensive Review of National Small Savings Fund

03 August 2010 at 17:30

Government Sets up a Committee for Comprehensive Review of National Small Savings FundThe Government has set up a committee headed by Deputy Governor, Reserve Bank of India (RBI) for comprehensive review of National Small Savings Fund (NSSF) Structu

Posted in Others | 3336 Views

Rs. 28,789 Crore Subsidy Given on Petroleum Products During 2009-10

03 August 2010 at 17:29

Rs. 28,789 Crore Subsidy Given on Petroleum Products During 2009-10 The amount of subsidy approved by the Government on different petroleum products in respect of the year 2009-10 (prior to decontrol) is Rs. 28,789 crore. The Total Under Recoverie

Posted in Others | 4422 Views

Weighted Deduction Increased to 175% W.E.F 1st April 2010 For Sum Paid out of Buisiness Income to University and other Educational Institutions for Sc

03 August 2010 at 17:24

Weighted Deduction Increased to 175% W.E.F 1st April 2010 For Sum Paid out of Buisiness Income to University and other Educational Institutions for Scientific Research And Development The Income Tax Act, 1961, before amendment by Finance Act, 196

Posted in Income Tax | 6681 Views

Investment Upto Rs. 20000/- In Longterm Infrastructure Bonds Allowed As Deduction U/S 80ccf Of Income Tax Act 1961

03 August 2010 at 17:23

Investment Upto Rs. 20000/- In Longterm Infrastructure Bonds Allowed As Deduction U/S 80ccf Of Income Tax Act 1961 The Finance Act, 2010 has inserted a new section 80CCF in the Income Tax Act, 1961, which provides that an amount upto the extent of

Posted in Income Tax | 5 comments | 20307 Views

Centralised Processing Centre (CPC) At Bangalore Performing Successfully - 26.99 Lakh Returns Processed And Over 3 Lakh Refunds Issued Till Date

03 August 2010 at 17:21

Centralised Processing Centre (CPC) At Bangalore Performing Successfully - 26.99 Lakh Returns Processed And Over 3 Lakh Refunds Issued Till Date Centralized Processing Centre (CPC) at Bangalore is performing successfully. Till date, 26.99 alkh re

Posted in Income Tax | 7230 Views

Announcement regarding services in service tax for November 2010 examinations

03 August 2010 at 15:28

Announcement regarding services in service tax for November 2010 examinations Important Announcement Applicability of services for November 2010 examinations:- Professional Competence Examination It is clarified that in Part –II : Serv

Posted in Students | 6 comments | 17730 Views

Procedure for application for Accounts Office Identification Number (AIN) for Government offices required to file Form 24G

03 August 2010 at 11:17

Procedure for application for Accounts Office Identification Number (AIN) for Government offices required to file Form 24G Introduction The Pay and Accou

Posted in Income Tax | 13221 Views

Tax SOPS for Industrial Parks

03 August 2010 at 11:04

Tax SOPS for Industrial Parks Section 80-IA [4 (iii)] of the Income Tax Act, 1961 provides for a tax holiday for 10 out of 15 years in respect of profits of any undertaking which develops, develops and operates or maintains and operates an industr

Posted in Income Tax | 4674 Views

Non-Compliance of Certain Provisions of The Companies Act by Owners of IPL Cricket Teams

03 August 2010 at 11:02

Non-Compliance of Certain Provisions of The Companies Act by Owners of IPL Cricket Teams The Government has said that preliminary information/reports have indicated non-compliance of certain provisions of the Companies Act, 1956 by owners of some

Posted in Corporate Law | 3192 Views

RBI releases Discussion Paper on Engagement of 'for-profit' Companies as Business Correspondents (BCs)

03 August 2010 at 10:51

RBI releases Discussion Paper on Engagement of 'for-profit' Companies as Business Correspondents (BCs) The Reserve Bank of India today released on its website, a Discussion Paper on "Engagement of 'for profit' Companies as Bus

Posted in Others | 5265 Views