CAclubindia News

Equipped for industrialists:

08 February 2008 at 20:27

Value added taxTurnover for registration limit to be increased from Rs 2-5 lakh so as to exclude small and tiny dealers. The turnover for composition tax limit to be enhanced from Rs 15-40 lakh, so that small dealers are exempted from regular re

Posted in Income Tax | 2619 Views

Who is who of Retail Sector speaks their "heart out"!!

08 February 2008 at 20:27

N V Sivakumar, leader, retail practice, PricewaterhouseCoopers · Retail sector has not been fully liberalised - Foreign equity participation should be extended, especially in a situation where most foreign retailers are sensitive to the pr

Posted in Income Tax | 2688 Views

UPA, Left desires: Budget for the masses- "aam aadmi budget".

08 February 2008 at 20:27

The UPA government and its Left allies agreed on Thursday that the coming Budget should be an 'aam aadmi' Budget. According to leaders of the coalition government present at the meeting, the wish lists of the UPA partners and the Left allies mor

Posted in Income Tax | 2307 Views

Tax Administrtation Intakes IT Facility : Government

08 February 2008 at 16:03

Tax Administrtation Intakes IT Facility : Government India ranks165th, as placed by a World Bank-IFC-PricewaterhouseCoopers study called Paying Taxes, 2008. India's ranking, measured on the basis of ease of paying taxes, was marginally b

Posted in Income Tax | 2439 Views

Income Tax Surveys in full swing

08 February 2008 at 10:14

Income Tax Department had recently carried out a search operation against a group of Gurgaon engaged in development of real estate and running a private airline. On the basis of evidence collected during that search, surveys were subsequently conduct

Posted in Income Tax | 1 comments | 5073 Views

GST set to replace state & central taxes by 2010

08 February 2008 at 09:03

GST set to replace state& central taxes by 2010 Theproposed unified goods & service tax (GST) regime could spell an end tovarious kinds of exemptions enjoyed by the corporate sector. These includearea-based exemptions and sectoral tax breaks. Finan

Posted in GST | 4209 Views

Charitable Trusts under Finance Minister's Scrutiny

07 February 2008 at 16:30

Charitable Trusts under Finance Minister's Scrutiny The government is considering a proposal to redefine and narrow the concept of "charitable activity" to ensure that only deser

Posted in Income Tax | 4263 Views

Extension of limits in a Bewildered State: Budget

06 February 2008 at 13:13

With the last full-fledged Budget of the UPA government, Finance minister P Chidambaram might spread cheer all around with Budget 2008-09. A hike in the income-tax exemption limit from Rs 1,10,000 to Rs 1,25,000., a higher ceiling for tax-saving in

Posted in Income Tax | 4083 Views

Quarterly TDS return due date extended-CBDT

06 February 2008 at 13:01

The Central Board of Direct Taxes have extended the due date for filing of quarterly statements of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) for the quarter ending 30th September 2007 of financial year 2007-08 to 29th February 20

Posted in Income Tax | 1 comments | 33021 Views

Indian CA get ready for Australia and UK

06 February 2008 at 10:48

Indian CA's can look forward to practice in Australia and UK as ICAI is in the process fof sighing agreements with its counterparts for mutual recognition of each others course.As per ICAI president Ved Jain there is a possibility to sign MRA(M

Posted in Career | 4 comments | 17880 Views