CAclubindia News

Happy Holi!!!

21 March 2008 at 02:23

CAclubindia wishes all its members a very Happy Holi!!Let the colour of Knowledge spread in this festive occasion..

Posted in Others | 2 comments | 3255 Views

CPT to be held on 8th June, 08

20 March 2008 at 18:44

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA - NEW DELHIANNOUNCEMENT 18th March, 2008The next Common Proficiency Test (CPT) of the Institute will be held on8th June, 2008at the following centres : 1)Alappuzha, Allahabad, Alwar, Ambala, Amravati, A

Posted in Students | 5859 Views

Sebi scraps MF entry, exit loads from April 1

20 March 2008 at 11:07

Sebi scraps MF entry, exit loads from April 1Mumbai March 19, 2008The Securities and Exchange Board of India (Sebi) scrapped loads (entry as well as exit) charged by mutual funds on bonus units and units allotted on reinvestment of dividend, with eff

Posted in Shares & Stock | 1 comments | 8910 Views

E-payment mandatory from 01.04.08

19 March 2008 at 19:12

Allincome tax payments are mandatorily to be made only electronicallyw.e.f.1.4.2008, for companies and others liable for tax audit undersection 44 AB. The relevant Notification is given below.NOTIFICATION NO 34/2008, Dated: March 13,2008 Inexercise

Posted in Income Tax | 3 comments | 6864 Views

110% rise in corporate advance tax payments

19 March 2008 at 15:30

CORPORATE advance tax payments for the final quarter of the fiscal year have risen sharply, indicating that earnings for the January-March period, scheduled to be announced next month, could be robust. That would be good news for the capital markets

Posted in Others | 3861 Views

US Federal Reserve cuts over night interest rates by 75 basis points

19 March 2008 at 14:58

THE US Federal Reserve has cut interest rates by 75 basis points to bring down the overnight rates to 2.25 in the FOMC meeting held on Tuesday. Prior to that on Friday there was a cut in the rate of interest by 25 basis points in the wake of the resc

Posted in Others | 2487 Views

Tax targets go up only to face low collection level

19 March 2008 at 14:56

New Delhi, Mar 17 In this world nothing is certain but for death and taxes, it is said. But collecting a part of these taxes, estimated at close to Rs 1 lakh crore, is proving to be full of uncertainties for tax authorities. The revenue department ha

Posted in Income Tax | 2721 Views

Guideline for the Members of ICAI relating to Bank Audit

17 March 2008 at 17:38

RBI policy of rotation and resting for statutory branch auditors which was applicable to 17 centres viz., Mumbai, Kolapur, Pune, Solapur, Thane, Kolkata, Chennai, Coimbatore, Delhi/New Delhi, Ajmer, Bikaner, Jaipur, Kota, Udaipur, Ahmedabad, Vadodara

Posted in Audit | 13110 Views

One Lakh Companies lost their registration

16 March 2008 at 23:24

Date 15.03.2008 One Lakh Companies lost their registrationThe government has cancelled the registration of over one lakh Companies for failing to file annual returns, Parliament was informed on Friday. There were about 7,43,628 Companies registe

Posted in Corporate Law | 3 comments | 10749 Views

Clarification of amendment in Penalty for concealment provisions

16 March 2008 at 23:14

In view of the apprehension raised on the retrospective amendment to section 271 of the Income-tax Act, proposed in the Finance Bill, 2008, empowering the assessing officer to, inter-alia, levy penalty in case of concealment of income, the Ministry o

Posted in Income Tax | 4503 Views