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Last date for filing return extended to feb 29
17 December 2007 at 17:03The government is extending the due date of filing of income tax return to February 29, 2008. The centre on Friday informed the Supreme Court that the due date for of filing of income-tax return was being extended in view of the confusion regarding f
BANK EMPANLEMENT ..CATEGORY..HOSTED ::
13 December 2007 at 08:05"RBI Panel is being submitted in two phases. First list is expected to be hosted by Monday, December 10, 2007. Members/ Firms falling in 1st list can check their category by inputting their MEF No. The second list is under preparation and expected to
ICWAI NEW REVISED SYLLABUS 2008
11 December 2007 at 17:43NEW SYLLABUSThe Institute has taken a very positive approach towards providing high standard of education and training to the students andarranging continuous development programmes for the members. The new syllabus has been framed following the Inte
Finance Ministry favours moderate income tax rates
07 December 2007 at 12:36The Finance Ministry appears to be favorably inclined toward moderating income tax rates in view of the over 40 per cent growth in direct tax collections. "With improvement in voluntary tax compliance and tax administration, direct tax collections ar
Professionals cannot claim Sec 32 tax benefit::SC
30 November 2007 at 17:05NEW DELHI: The Supreme Court said on Tuesday professionals cannot claim depreciation under Section 32 of the Income Tax Act. The Section is applicable to an assessee carrying on business and not to a professional, the apex court said, dismissing an a
CPT results to be declared on 30th Nov
28 November 2007 at 19:04The result of the Common Proficiency Test held on 4th November 2007 is expected to be declared on Friday, the 30th November 2007 around 12 Noon and the same as well as the merit list (candidates securing a minimum of 60% and above marks and upto the
'ONE PERSON COMPANY' MAY APPEAR SOON ::
27 November 2007 at 08:41The draft Companies Bill, 2007, has proposed a new entity called a one-person company (OPC) as a measure to provide start-up entrepreneurs and professionals the much- needed flexibility in setting up a business in India. The onerous compliance req
Supreme Court UPHELDS AS 22
21 November 2007 at 08:04Apex court upholds new accounting standardsNew Delhi November 21, 2007The Supreme Court has upheld the revised accounting standards AS 22 issued by the Institute of Chartered Accountants of India which has been made mandatory for all the companies li
150,000 salaried individual taxpayers will have to re-file their returns
17 November 2007 at 19:03Nearly 150,000 salaried individual taxpayers will have to re-file their returns for the 2007-08 assessment year, as their returns went up in smoke during a recent fire in the income-tax office at Mayur Bhawan in Connaught Place. The October 6 inciden
Online refunds to cover the whole country soon
16 November 2007 at 00:22The Income Tax Department is planning to extend the Refund Banker Scheme to the entire country as a move aimed at expediting refund of excess tax. The scheme, launched in Delhi and Patna in March this year, was later extended to Kolkata, Chennai, Ban
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