CAclubindia News


Chaotic tax axe on builders

   30 April 2008 at 01:01

Author : Monish Bhalla/DNA-Daily News & Analysis We are a real estate development firm which engages a contractor to construct residential societies. Prospective buyers pay us a booking advance on these residential units. Are we liable to pay servic

Posted in Service Tax  2 comments |   9690 Views


RBI issues norms regarding recovery agents

   29 April 2008 at 09:05

In view of the rise in the number of disputes and litigations against banks for engaging recovery agents in the recent past, it is felt that the adverse publicity would result in serious reputational risk for the banking sector as a whole.

Posted in Others |   6132 Views


Stamp duty payment to be made online

   29 April 2008 at 08:53

 Stamp duty payment to be made onlineThe government is all set to instigate a centralized electronic stamp duty payment and online vetting of charter of new companies, irrespective of the states where they are set up. Entrepreneurs will soon be

Posted in Others |   8082 Views


Tax tribunal's ruling may open floodgates of claims : Sec 80(I)A

   25 April 2008 at 10:10

Tax tribunal's ruling may open floodgates of claims from contractors supplying to infrastructure projects Author : Renni Abraham/DNA-Daily News & AnalysisContent : In a precedent-setting ruling, the Income Tax Appellate Tribunal (ITAT) has allowed AB

Posted in Income Tax  1 comments |   5736 Views


ICAI to increase audited report cross checks

   22 April 2008 at 11:10

11-member team to steer peer review of CA audits Author : Joel Rebello/DNA-Daily News & AnalysisIndian companies hit by forex derivative losses may be in for greater scrutiny from auditors in their balance sheet of 2008-09.The Institute of Chartered

Posted in Audit  1 comments |   11046 Views


E-FILING OF INCOME TAX RETURN FOR AY 2008-09

   21 April 2008 at 21:53

Dear friends,e-filing of Income tax return for Assessment Year 2008-09 has been been started.Intially it has been started for three forms .All the three Return preparation Utilities (RPU)software are excel based.you can use them as efiling so

Posted in Income Tax |   26124 Views


Articleship timings bother CA aspirants

   21 April 2008 at 17:12

Prospective chartered accountants are left with little manoeuvring space. The Institute of Chartered Accountants of India's (ICAI) recent decision to spell out the working hours of articled assistants seems to have played spoilsport with their academ

Posted in Students  17 comments |   21627 Views


Basic salary allowances = lesser loan eligibility

   21 April 2008 at 14:28

Author : Khyati Dharamsi/DNA-Daily News & AnalysisWith tax reduction being the motive of job seekers, both employers and employees prefer a mix of basic salary and reimbursements. These allowances are being used by human resource executives to attrac

Posted in Income Tax |   8562 Views


RBI hikes CRR by 50 basis points

   19 April 2008 at 01:21

Joining the government in battling the skyrocketing inflation, the Reserve Bank of India (RBI) today hiked the cash reserve ratio (CRR) by 50 basis points to 8%. The ratio indicates the amount of money banks have to keep with RBI as a percentage

Posted in Others |   3183 Views


No VAT rate hike to compensate CST rate cuts

   16 April 2008 at 12:25

PTI NEW DELHI AN OFFICIAL panel on Tuesday ruled out any increase in Vat rates as part of a package to compensate states on account of revenue loss due to a 1% in Central Sales Tax that was to have happened in the beginning of this

Posted in VAT |   11463 Views



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