CAclubindia News

CA : CPT Results on 10th September !!

08 September 2007 at 14:52

Announcement Result of Common Proficiency Test (CPT) - August 2007 is expected to be declared on Tuesday, the 10th September 2007 around 10 A.M. The result of the Common Proficiency Test held on 26th August 2007 is expected to be declared on Tuesda

Posted in Career | 17637 Views

ICAI to converge with international standards

08 September 2007 at 02:29

The Institute of CharteredAccountants of India has decided to "fully converge" with InternationalFinancial Reporting Standards (IFRS) from accounting periods starting on orafter April 1, 2011, a senior ICAI official said here today. VedkumarJain, vi

Posted in Career | 4170 Views

New simplified Income tax

06 September 2007 at 19:01

The government on Friday said the new simplified Income Tax Act is likely to come into force on April 1, 2008, replacing the existing Income Tax Act 1961, reports Economic Times. A report to simplify and rationalise the law relating to income tax, pr

Posted in Income Tax | 6759 Views

New Return for all Accounts Officers in Govt Dept.

06 September 2007 at 15:13

A New quarterly return has been started by the Income Tax Dept FOR:PERSON LIABLE TO FILE THIS RETURN--All Accounts Officers (AOs) in Government Department(s)(STATE/CENTER GOVT )--Who process the bills prepared by Drawing and Disbursement Officers (DD

Posted in Income Tax | 3573 Views

Asset-liability mismatch norms tightened

06 September 2007 at 13:33

MUMBAI: In a bid to instill more discipline among banks in managing their liquidity, the Reserve Bank of India (RBI) has asked banks not to have a negative gap in their fund outflows for the next day. Negative gap refers to a mismatch in which intere

Posted in Others | 3324 Views

No service tax on transaction charge

06 September 2007 at 13:21

NEW DELHI: Clearing houses, stock exchanges and commodity exchanges have something to cheer about. Service tax would not be levied on the transaction charges collected by the bodies from their members. The Central Board of Excise & Customs (CBEC), in

Posted in Service Tax | 3657 Views

SERVICE TAX RELIEF FOR HOME BUYERS

06 September 2007 at 11:58

SERVICE TAX RELIEF FOR HOME BUYERSThousands of property buyers who have paid service tax on theresidential apartments/flats they have purchased now have somethingto cheer about. The Union finance ministry has issued the much-awaited clarification exe

Posted in Service Tax | 5175 Views

Laptops - Duty

06 September 2007 at 11:58

HP NOT ENTITLED TO DUTY EXEMPTION ON HDDS IN LAPTOPS: SCIn a setback to Hewlett Packard India Sales (P) Ltd, the SupremeCourt has held that the company cannot claim customs duty exemptionon software-loaded hard disc drives fitted in laptops imported

Posted in Excise | 11241 Views

EXIT TAX ON GRADUATES IS NOT A GOOD IDEA

06 September 2007 at 11:56

EXIT TAX ON GRADUATES IS NOT A GOOD IDEAThe idea of an exit tax on graduates from India's highly subsidisedinstitutes like the Indian Institutes of Technology and the IndianInstitutes of Management is back on the horizon, with theparliamentary standi

Posted in Others | 2892 Views

NO INDIVIDUAL RETURN FILED ONLINE

06 September 2007 at 11:52

NO INDIVIDUAL RETURN FILED ONLINENot even a single individual return has been filed online, accordingto Income Tax (I-T) department. There is separate assessing officerin the department to look after the individual returns that havebeen filed online.

Posted in Income Tax | 3417 Views