Government of India signed a Double Taxation Avoidance Agreement (DTAA) with the Government of the Grand Duchy of Luxembourg for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on Income and on capital,
India’s exports during April, 2008 were valued at US $ 14400 million (Rs.57633 crore) which was 31.5 per cent higher in dollar terms (24.8 per cent in Rupee terms) than the level of US $ 10953 million (Rs.46164 crore) during April, 2007. Indi
ICAI - AnnouncementAll Professional Education (Course-II) students eligible to appear in Final Examination during last twelve months of articled trainingBos/Ancmnet/Final/227May 30, 2008 With a view to mitigate the hardship being faced by a cate
ICAI - AnnouncementLast Professional Education (Examination-II) extended to May 2009Bos/Ancmnet/PE-II/227May 30, 2008 As you may be aware, originally it was decided to hold the Professional Education (Examination-II) upto to May, 2008. However, the C
On the basis of the discussions between the Empowered Committee (EC) of State Finance Ministers and the Union Finance Minister regarding the compensation package, the Government of India, Ministry of Finance, Department of Revenue has issued a notifi
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (ICAI)(Set up under the Chartered Accountants Act, 1949)ICAI Guidelines No.1-CA(7)/ Council Guidelines/01/2008, Dated 14th May,2008GUIDELINES FOR ADVERTISEMENT FOR THE MEMBERS IN PRACTICE(Issued Pursua
The Central Government has issued notification. No. 27/2008-ST dated the 27th May, 2008, amending notification No. 1/2006-ST dated the 1st March, 2006, prescribing abatement in lieu of CENVAT Credit for the purpose of payment of service tax for the s
The income-tax department in Mumbai appears to be reversing the finance ministry's efforts to simplify the filing of tax returns. Last year, in an effort to reduce the paperwork
Finmin seeks formula for 'revenue-neutral' halving of subsidies, The petroleum ministry has proposed to impose a surcharge on direct taxes to offset the staggering losses oil companies
The requirement of compulsory practical training is an integral part of the Chartered Accountancy course. Keeping this in view, the Council has recently issued a statement to ensure that working hours of articled assistants do not clash with any othe
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