CAclubindia News

Tax tribunal's ruling may open floodgates of claims : Sec 80(I)A

25 April 2008 at 10:10

Tax tribunal's ruling may open floodgates of claims from contractors supplying to infrastructure projects Author : Renni Abraham/DNA-Daily News & AnalysisContent : In a precedent-setting ruling, the Income Tax Appellate Tribunal (ITAT) has allowed AB

Posted in Income Tax | 1 comments | 5745 Views

ICAI to increase audited report cross checks

22 April 2008 at 11:10

11-member team to steer peer review of CA audits Author : Joel Rebello/DNA-Daily News & AnalysisIndian companies hit by forex derivative losses may be in for greater scrutiny from auditors in their balance sheet of 2008-09.The Institute of Chartered

Posted in Audit | 1 comments | 11055 Views

E-FILING OF INCOME TAX RETURN FOR AY 2008-09

21 April 2008 at 21:53

Dear friends,e-filing of Income tax return for Assessment Year 2008-09 has been been started.Intially it has been started for three forms .All the three Return preparation Utilities (RPU)software are excel based.you can use them as efiling so

Posted in Income Tax | 26136 Views

Articleship timings bother CA aspirants

21 April 2008 at 17:12

Prospective chartered accountants are left with little manoeuvring space. The Institute of Chartered Accountants of India's (ICAI) recent decision to spell out the working hours of articled assistants seems to have played spoilsport with their academ

Posted in Students | 17 comments | 21636 Views

Basic salary allowances = lesser loan eligibility

21 April 2008 at 14:28

Author : Khyati Dharamsi/DNA-Daily News & AnalysisWith tax reduction being the motive of job seekers, both employers and employees prefer a mix of basic salary and reimbursements. These allowances are being used by human resource executives to attrac

Posted in Income Tax | 8571 Views

RBI hikes CRR by 50 basis points

19 April 2008 at 01:21

Joining the government in battling the skyrocketing inflation, the Reserve Bank of India (RBI) today hiked the cash reserve ratio (CRR) by 50 basis points to 8%. The ratio indicates the amount of money banks have to keep with RBI as a percentage

Posted in Others | 3192 Views

No VAT rate hike to compensate CST rate cuts

16 April 2008 at 12:25

PTI NEW DELHI AN OFFICIAL panel on Tuesday ruled out any increase in Vat rates as part of a package to compensate states on account of revenue loss due to a 1% in Central Sales Tax that was to have happened in the beginning of this

Posted in VAT | 11472 Views

SC order No expiry date for use of stamp paper

15 April 2008 at 10:39

To download the judgment click on the link belowSC order No expiry on date of stamp paper

Posted in Others | 7866 Views

New Service tax return preparer scheme!!

13 April 2008 at 11:26

The central board of excise and custom has constituted a committee to suggest modalities and prepare a scheme for implementation of "service tax return preparer scheme".To download the same click on the link belowhttp://caclubindia.com/shar

Posted in Service Tax | 26451 Views

MANDATORY E PAYMENT OF TAXES RBI DIRECTIVES

12 April 2008 at 20:11

RBI/2007-08/280DGBA.GAD. No. H. 10875 / 42.01.038 /2007-08April 10, 2008The Chairman & Managing Director/Managing DirectorState Bank of India and its Associates/ All Nationalised banks/ Axis Bank Ltd/HDFC Bank Ltd/ ICICI Bank Ltd/ IDBI Ltd/J&K Bank L

Posted in Income Tax | 5979 Views