CAclubindia News

CPT results to be declared on 17th July

11 July 2009 at 10:28

Result of the Common Proficiency Test (Online) held in March, April and May 2009 and Common Proficiency Test (Paper Pencil Mode) held in June, 2009 is expected to be declared on Friday, the 17th July, 2009 around 2 P.M

Posted in Students | 10 comments | 18153 Views

Date for CA exams announced

10 July 2009 at 13:58

ICAI has anounced the November examination dates for CA exams. The exams will be starting from 05th Nov to 19th Nov.Applications are going to issued from Aug 17th and last date for submission of applications with out late fee is 7th Sep.Notification

Posted in Students | 33 comments | 49359 Views

RETURNS CAN BE FILED ONCE A YEAR

10 July 2009 at 13:50

Services received from goods & transport agents exempted from service tax RETURNS CAN BE FILED ONCE A YEARAs the exporters have to focus more on export promotion during this time of downturn, they should be freed from these cumbersome proce

Posted in Service Tax | 4 comments | 35448 Views

Taxing transactions without or inadequate consideration

09 July 2009 at 17:18

Taxation of certain transactions without consideration or for an inadequate consideration as income from other sources Section 56(vi) provide that any ‘sum of money’ (in excess of the prescribed limit of Rupees fift

Posted in Others | 2 comments | 13509 Views

Budget aimed at demand led growth - ICSI

08 July 2009 at 10:56

The Institute of Company Secretaries of India (ICSI) welcomes the development oriented budget of the new Government boosting the economy through renewed emphasis on infrastructure, agriculture, rural economy and exports for ‘inclusive gro

Posted in Others | 6807 Views

Enhancement of the limit for payment of advance tax

07 July 2009 at 16:24

Enhancement of the limit for payment of advance tax Under the existing provisions of section 208 the Income-tax Act, liability for payment of advance tax during a financial year arises when the amount of such tax payable during that year is Rs.5

Posted in Others | 10 comments | 19275 Views

Computation of profits and gains of business on presumptive

07 July 2009 at 15:59

Computation of profits and gains of business on presumptive basis- Section 44ADSection 44AD prescribes a method of presumptive taxation for assessees engaged in the business of civil construction or supply of labour for civil construction in wh

Posted in Others | 11 comments | 15645 Views

Expenditure upto 35000 in cash allowed to transporter

07 July 2009 at 15:07

Expenditure made of more than 20000 in cash allowed to transporterEnhancement of limit for disallowance of expenditure made in the case of transporters Under the existing provisions of the Income-tax Act, where an assessee incurs any expenditure, in

Posted in Others | 4 comments | 31440 Views

Tax Exemption Limit increased, surcharge removed - F/y 09-10

07 July 2009 at 14:08

Tax Exemption Limit increased, surcharge removed for F/y 2009-10.The amendments have been made in the Income Tax Act by the Finance Bill, 2009 with a view to as stated in the Memorandum :(i)Lowering the burden on the individual taxpayers by inc

Posted in Others | 2 comments | 15114 Views

Rationalisation of provisions relating to TDS

07 July 2009 at 13:18

Rationalisation of provisions relating to tax deduction at source (TDS) Tax deduction at source is a method of collecting taxes on behalf of the Government at the time of payment or credit. The Income-tax Act casts a legal responsibility on the

Posted in Others | 5 comments | 17838 Views