CAclubindia News

Income-tax Department seeks exemption from 'Right to information' Act ::

27 August 2007 at 09:26

The income-tax department has asked the department of personnel and training to amend the Right to Information (RTI) Act to shield itself from unsolicited queries on its investigations. The RTI Act has exempted the department of revenue intelligence,

Posted in Income Tax | 3612 Views

The Institute of Chartered Accountant Committee on Information Technology

26 August 2007 at 00:19

Technology Initiative - ERPGovernment Departments, Corporate and business houses are making increasing use of IT to streamline their operations and provide value added services to their customers. Chartered Accountants, with their matchless knowledge

Posted in Career | 3186 Views

Mandatory Cost Audit in Service sector

25 August 2007 at 11:26

New Delhi, Aug 24 Companies in the services sector and all listedmanufacturing companies may soon have to hire cost accountants undera new formula being worked out by the government to beef up the roleof corporate cost audits.According to sources in

Posted in Audit | 14346 Views

Servic e-Tax on 'Campus Recruitment' ::

25 August 2007 at 09:10

The government made it clear on Thursday that educational institutes, including the Indian Institutes of Management (IIMs) and Indian Institutes of Technology (IITs), would have to pay service tax for providing campus recruitment to their graduates.

Posted in Service Tax | 4260 Views

MORE BUSINESSES COME UNDER SERVICE TAX NET ::

24 August 2007 at 16:41

Sub-contractors in construction projects will now have to pay service tax. They will add to the various categories of small entities, which were so far not required to register themselves as service tax payers. While their taxable amount will not go

Posted in Service Tax | 4413 Views

ULIPs under review with IRDA ::

24 August 2007 at 12:00

The Insurance Regulatory and Development Authority (Irda) is in the process of reviewing the entire range of unit-linked products (Ulips) that are being sold by life insurance companies. According to R Kannan, member (actuary), Irda, the review aims

Posted in Others | 2535 Views

First time in India- CA's in politics now!!

23 August 2007 at 17:16

The next time you hear a politician straining his vocal chords at some public forum, rest assured he would be ranting some numbers, figures, growth rates and percentages, besides the usual speech. For, the numeric ammunition will soon be supplied by

Posted in Others | 1 comments | 23733 Views

Parliament rights enhanced..can levy service tax on CAs, architects: SC

23 August 2007 at 16:58

The Supreme Court has held that Parliament is competent to levy service tax on chartered accountants, cost accountants and architects. "We hold that Parliament has legislative competence to levy service tax by way of impugned Finance Acts of 1994 and

Posted in Service Tax | 3222 Views

HC ON NEW IT RETURNS..!!

23 August 2007 at 16:57

HIGH COURT OF ALLAHABADOm Prakash Tewariv. Union of India Section 139 of the Income-tax Act, 1961, read with rule 12 of the Income-tax Rules, 1962 - Return of income - General - Assessment year 2007-08 - Petitioners, lawyers/advocates, challenged In

Posted in Income Tax | 4074 Views

Strict security an answer to the paper leak of ICAI entrance exams!!

23 August 2007 at 16:55

The Institute of Chartered Accountants of India (ICAI) is taking full care and precaution for its rescheduled Common Proficiency Test entrance exam scheduled for August 26. ICAI President Sunil Talati said extra efforts have been made to ensure full

Posted in Others | 3957 Views