CAclubindia News

What are the books of accounts?

14 August 2007 at 03:32

What are books of account? In a recent case, the Madras High Court concluded that P&L account and balance-sheet are not books of account as contemplated under the I-T Act. T. C. A. Ramanujam Computation of business income under the income-tax law has

Posted in Income Tax | 5706 Views

Auditors - Credit risk recognition

14 August 2007 at 03:27

Auditors are preparing for particularly careful scrutiny of companies' assumptions about valuation and the risks posed to their businesses in the light of current market volatility.Two of the Big Four UK accountancy groups have issued internal memos

Posted in Others | 3459 Views

E-filing Website will not work on August 15

14 August 2007 at 03:25

The INCOMETAX E-FILING website will be unavailable between 5pm on 14th August till 11 pm on 15th August on account of site upgradation work.

Posted in Income Tax | 2736 Views

'Capital-gains' & 'Tax-hunters' !

13 August 2007 at 23:16

Owning land away from city limits may be a good idea to keep away from the madding crowd - but not so much from taxes. As the penchant for a house with that green patch grows even in smaller cities, the income-tax department is mulling over enhancing

Posted in Income Tax | 2889 Views

MEF date extended

13 August 2007 at 08:20

Last date for submission of MEF for the year 2007-08 extended to August 21, 2007.Last date for receipt of hard copy of duly signed declaration extended to August 31, 2007.

Posted in Audit | 4890 Views

ITR 6 in excel format released by Income tax dept

12 August 2007 at 05:40

ITR 6 in excel format released by Income tax deptClick on the link below to download http://www.caclubindia.com/files_download.asp?files_id=916

Posted in Income Tax | 22596 Views

Myth or Reality-Low tax collection cost?

12 August 2007 at 02:37

The I-T department should work out the cost of collection after excluding the tax collected at pre-assessment stages. T. N. Pandey One of the achievements for which the Income-Tax (I-T) department takes considerable credit is the low cost of collecti

Posted in Income Tax | 4287 Views

High power committee to inquire into CPT paper leak

11 August 2007 at 08:39

Council Affairs/M-626/ 2007 9th August, 2007 ALL MEMBERS OF THE COUNCIL Dear Sir/Madam, I wish to inform you that the President, in terms of the authoritygiven to him by the Council at its 266th meeting held

Posted in Students | 3804 Views

CA aspirants to get help from ICFAI's B.Com course

11 August 2007 at 01:40

The Institute of Chartered Financial Analysts (ICFAI), Tripura, has developed the BCom (professional accounting track) programme. This course is aimed at those students who wish to pursue the chartered accountant programme simultaneously. This progra

Posted in Students | 7302 Views