CAclubindia News
Exempt New Pension Scheme Also From Tax Regime: PFRDA's Urge
13 February 2008 at 21:34Exempt New Pension Scheme Also From Tax Regime: PFRDA's Urge The Pension Fund Regulatory and Development Authority (PFRDA) has sought parity in tax treatment for the New Pension Scheme (NPS) for government employees with the Employees Provident
OBUs Likely To Lose Tax Breaks
13 February 2008 at 21:34Withdrawing direct tax benefits to offshore banking units (OBU) on the profits earned from special economic zones (SEZs)is a new proposal of the Finance Ministry. This could prove a major setback to developers, as tax exemptions and other benefits to
Demat of TDS certificates may be deferred again
12 February 2008 at 12:38Demat of TDS certificates may be deferred againDematerialisation of tax deducted atsource (TDS) certificates is likely to be deferred by a year from the proposeddate of April 1, 2008.The scheme was originally scheduled to come into effect from April
Dividend tax rate may come down to 12.5%
12 February 2008 at 11:57Dividend tax rate may come down to 12.5%The Union budget may reduce the dividend distribution tax (DDT) rate from 15% to 12.5%. which was hiked in the last budget, citing "vertical equity." A reduction may encourage corporates to sh
Budget Session Commences on February 25
12 February 2008 at 10:17Budget Session Commences on February 25 The commencement of the Budget Session will be on the 25th of February. The session will conclude on May 9, contingent on government business. The session will also have a break from March 20 to April 15 for th
Restructuring in Duty structure in process : Budget
09 February 2008 at 17:40Rejig in Duty structure in process : Budget A re-arrangement in Duty Structure to correct the current tax structure in certain sectors maybe on the cards as said by Finance minist
Mandatory of PANs leading to Hike in its Demand
09 February 2008 at 11:01Mandatory of PANs leading to Hike in its DemandThe demand for the Permanent Account Number (PAN) is on an all time high with the Income Tax (I-T) department issuing a record number of PANs in the ongoing financial year of 2007-08, with even minors j
"Nano" housing loan scheme demanded by Cong.
08 February 2008 at 20:27It was much expected that after the launch of the car "Nano" we shall see many more "Nano" concepts coming up.. and here it is the the ruling Congress party demanded that its government launch a unique housing loan scheme of Rs 1 lakh to help the poor
Even Sportpeople cannot escape TDS:
08 February 2008 at 20:27An announcement may be made by the finance ministry in this budget regarding TDS to be paid by professional sportspeople. They may soon have to pay at least 10.3 per cent as tax on their match fees and money for endorsing corporate logos on their app
Equipped for industrialists:
08 February 2008 at 20:27Value added taxTurnover for registration limit to be increased from Rs 2-5 lakh so as to exclude small and tiny dealers. The turnover for composition tax limit to be enhanced from Rs 15-40 lakh, so that small dealers are exempted from regular re
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