CAclubindia News

ENTRY FOR ICAI AWARDS FOR EXCELLENCE IN FINANCIAL REPORTTING

18 August 2007 at 03:54

ICAI has started acceping entries for the EXCELLENCE IN FINANCIAL REPORTTING awards for the FY 2006-07 Annual Report.Entry form is available on the institute website.Last date for submission is 30th September,2007.

Posted in Accounts | 3405 Views

Articles enhancement notification finally arrives

18 August 2007 at 02:07

Notification - Enhancement in Entitlement of Articled AssistantsTo download the same click on the link belowhttp://www.caclubindia.com/files_display.asp?files_id=974

Posted in Career | 4092 Views

Compulsory Articleship in ICWA

17 August 2007 at 10:37

The Institute of Cost and Works Accountants of India (ICWAI) is all set to mandate a three-year articleship against thesix-monthatpresent. ICWAI newly-elected president Chander Wadhwa told FE that the governing body has decided to go for a longer tra

Posted in Career | 2 comments | 43986 Views

Massive increase in efiling

16 August 2007 at 08:09

E-filing of income tax returns is likely toincrease sharply to 3 million in the current financial year (2007-08),up from around 322,000 in 2006-07. Non-corporate assessees, whose accounts are auditedunder Section 44AB of the Income Tax Act, are

Posted in Income Tax | 3783 Views

Tougher penalties for serious tax offences proposed !

16 August 2007 at 07:48

Not paying your taxes in time could soon result in heftier fines and longer prison sentences if proposals being considered by the income-tax department are any indication. According to sources, as part of its proposed restructuring of penalties for t

Posted in Income Tax | 2949 Views

Costing body plans accounting technicians course

16 August 2007 at 01:02

In addition to the present shortage of 25,000 qualified finance professionals, there will be a demand for 10 lakh accountancy-trained personnel in the next 10 years at a the junior level, says Mr Chandra Wadhwa, the newly elected President of the Ins

Posted in Accounts | 4917 Views

TRPs IN TROUBLE !

15 August 2007 at 06:28

The Tax Return Preparer (TRP) scheme of the Income Tax department is facing an uncertain future, or so it appears. A cross section of TRPs accept that the scheme has not generated much income. No wonder many are contemplating to quit. The pilot schem

Posted in Income Tax | 2 comments | 5037 Views

'TDS' on Director's 'LOANS'...!

14 August 2007 at 23:25

The Supreme Court has ruled that the companies have statutory obligation to deduct tax at sources (TDS) on interest payments for the loans taken in the name of its directors. The revenue department is empowered to impose interest on such a company fo

Posted in Income Tax | 3285 Views