CAclubindia News

Paper Documents back as I-T refunds not e-asy

28 September 2007 at 16:47

NEW DELHI: Switching back to paper may help corporate tax payers who had e-filed returns and are still awaiting tax refunds. With Rs 14,000 crore worth of refunds stuck due to non-processing of e-returns, the income-tax department plans to ask them t

Posted in Income Tax | 3546 Views

Foreign companies may enter legal services

28 September 2007 at 14:14

Opening up of legal services for foreign players could be on the cards. The government has begun consultations on the issue with the Indian stake-holders, Law Minister HR Bharadwaj said on Tuesday. He said efforts would be made to build a consensus a

Posted in Others | 1 comments | 3270 Views

Website launched by MCA to educate Investors!!

27 September 2007 at 22:46

Minister of Corporate Affairs- SHRI PREM CHAND GUPTA LAUNCHES WEBSITE TO EDUCATE INVESTORS 19:37 IST The Minister of Corporate Affairs, Shri Prem Chand Gupta launched a website of Investor Education & Protection Fund (IFPF), www.iepf.gov.in here toda

Posted in Others | 3165 Views

Cap on overseas invts by individual MF's may go!!

27 September 2007 at 20:19

The cap on overseas investments by individual mutual funds is likely to be removed.A finance ministry official said on Wednesday that the government and the Reserve Bank of India (RBI) have decided to do away with the ceiling. Currently, Indian mutua

Posted in Shares & Stock | 3531 Views

FBT on Stock Options To Hit MNC Expats!!

27 September 2007 at 20:19

The fringe benefit tax (FBT) on employee stock option plans (Esop) could hit expatriate employees of multinational companies as credit cannot be claimed against it under double taxation avoidance agreements (DTAA). Thus, expat employees of multinatio

Posted in Income Tax | 3219 Views

Judicial proceedings beyond purview of RTI

26 September 2007 at 21:02

In a landmark decision, the Central Information Commission (CIC) has ruled that judicial proceedings of all courts and tribunals are beyond the purview of the Right to Information Act."...a judicial authority must function with total independence and

Posted in Income Tax | 2610 Views

I-T Dept not to accept tds returns without PAN details

26 September 2007 at 20:46

The government on Tuesday said it will not accept tax returns for the quarter ending September 30 and thereafter if companies fail to provide PAN details of a majority of their employees. The Income Tax Department will not accept the quarterly TDS re

Posted in Income Tax | 3555 Views

Govt to notify guidelines on ESOP soon

26 September 2007 at 20:46

After a delay of more than five months, the government is likely to notify within a week the guidelines for evaluating fringe benefit tax (FBT) on stock options given by companies to their employees. "Finance Minister P Chidambaram has given his appr

Posted in Income Tax | 2394 Views

India May Shield Exporters From Rupee, Finance Minister Says

26 September 2007 at 17:05

Indian Finance Minister Palaniappan Chidambaram said the government may take steps to help exporters cope with a nine year-high exchange rate and a U.S. slowdown. ``If I have to help the exporters, I can only do so by fiscal steps,'' Chidambaram said

Posted in Others | 3012 Views

CBDT warns action if No PAN data in TDS returns

26 September 2007 at 11:28

This to inform that CBDT has warned action to be taken if TDS returns for salaries is filed with less than 90% of PAN data and returns for payments other than salaries is filed with less than 70% of PAN data furnished for quarter ending Sept 30, 2007

Posted in Income Tax | 4047 Views