CAclubindia News

If you can help it, pay your tax online

17 June 2008 at 11:52

The process obviates a visit to the CA and the long queues at the bank and the tax office, Online filing of income tax appears to have caught on since the shift from Saral to the Indian Income Tax

Posted in Income Tax | 7632 Views

RBI Drafts Norms On Mobile Payment For Banks

16 June 2008 at 17:07

The Reserve Bank of India has issued draft guidelines on mobile paymentsMobile Payment has been defined as information exchange between a bank and its customers for financial transactions through the use of mobile phones. Mobile payment involves debi

Posted in Others | 3636 Views

Excise levy on large cars baffling

16 June 2008 at 12:54

The government's move to impose heavier excise duty on large cars and utility-vehicles is baffling especially when it comes barely ten days since fuel prices were hiked.

Posted in Excise | 4947 Views

Is India Inc ready for IFRS?

14 June 2008 at 11:39

India is among 150-odd countries that have decided to adopt IFRS from 2011 onwards, Come 2011 and India Inc will experience drastic changes in the way financial statements are reported.

Posted in Accounts | 11292 Views

Area based excise duty exemptions modified

12 June 2008 at 12:14

With effect from 1st April, 2008 the Central Government amended the area based excise duty exemptions applicable to units located in Jammu & Kashmir, North-East, Sikkim and Kutch District of Gujarat so as to allow refund of excise duty based upon

Posted in Excise | 11463 Views

Invitation for empanelment as auditors

11 June 2008 at 12:14

ICAI - Announcement MCA Circular no. OI/Estt/Adv. dated 22nd May 2008 inviting Chartered Accountants to be empanelled as AuditorsThe Ministry of Corporate Affairs has issued Circular inviting Chartered Accountants to be empanelled as Auditors in

Posted in Audit | 1 comments | 21969 Views

Sales tax notices hit real estate

11 June 2008 at 12:14

The notices issued by the sales tax department on “work contract tax” have sent the real estate industry into a tizzy. A representation of city builders will meet the finance secretary on Wednesday

Posted in VAT | 6 comments | 28359 Views

FM seeks higher tax receipts goal: milking mirage?

10 June 2008 at 11:07

Economists say duty cuts, slowdown, poor markets and lower consumption will crimp tax receipts, Rising tax collections in the last four years and expectations that more people

Posted in Income Tax | 3375 Views

Direct tax collections at Rs.3,14,468 crore for 2007-08

07 June 2008 at 00:55

The Finance Minister Shri P. Chidambaram will inaugurate the 24th Annual Conference of Chief Commissioners & Directors General of Income Tax here on coming Monday. The valedictory address will be given by Minister of State for Finance Shri S.S. Palan

Posted in Income Tax | 3438 Views

Period of Validation of Registration of CA Students

05 June 2008 at 11:23

Period of Validation of Registration of CA Students The Council considered the recommendations of the Executive Committee made at its 472nd meeting held on 21st March, 2008 on the proposal/suggestion of the Board of Studies for discontinuing the

Posted in Students | 5 comments | 24936 Views