CAclubindia News

Vodafone drags I-T to court over tax claim!!!

21 September 2007 at 15:27

Vodafone Essar has filed a writ petition in the Bombay High Court challenging the right of the tax authorities to levy a capital gains tax on it.The writ is aimed at preventing the income-tax department from taking further action. The I-T department

Posted in Income Tax | 3105 Views

Audit of NBFCs

21 September 2007 at 15:20

For the Immediate Attention of the MembersAudits of NBFCsNon Banking Finance Companies (NBFCs) are playing a vital role as the financial resource mobiliser in India given the country's geographical and population spread. However, having regard to the

Posted in Audit | 1 comments | 17514 Views

New law to give more teeth to company secretaries

20 September 2007 at 19:04

The Institute of Company Secretaries of India (ICSI) is hopeful that a new company law would give a bigger role to company secretaries as key managerial personnel.Preeti Malhotra, President ICSI, said here Wednesday that ICSI was actively involved in

Posted in Career | 3972 Views

ICWAI pushes for change in name!!

20 September 2007 at 18:34

In a fresh attempt to push for a change of name, the Institute of Cost and Works Accountants of India (ICWAI) is organising a two-day conference in January, the stated aim of which is to reposition the role of �management accountants� s

Posted in Career | 3345 Views

India's Sensex Tops 16,000 for First Time After Fed Cuts Rates

19 September 2007 at 13:56

Sept. 19 (Bloomberg) -- India's Sensitive Index crossed 16,000 for the first time after the U.S. Federal Reserve cut its benchmark interest rate more than expected, easing concern a housing slump will drive the world's largest economy into recession.

Posted in Shares & Stock | 4440 Views

NOW, SOFTWARE MAY HOLD UP TAX REFUNDS

19 September 2007 at 13:12

If you were banking on your income tax refund for 2006-07 to take care of your investment needs or meet liquidity requirements, then there is no immediate hope in sight with the government yet to develop a software to process your returns. While the

Posted in Info Technology | 12255 Views

NEW DIRECT TAX CODE WILL BE IMPLEMENTED SOON : SHOME

19 September 2007 at 13:11

The Union Finance Ministry in consultation with tax experts is drafting a new Direct Tax Code which was likely to be ready by October, advisor to the Finance Ministry Parthasarathi Shome said today.The main objective of drafting the new code was to m

Posted in Income Tax | 2787 Views

'GIVE BLANKET SERVICE TAX EXEMPTION TO EXPORTERS'

19 September 2007 at 13:07

It is an ideal feature of any good taxation system that in export transactions only goods or services should be exported and not the taxes embedded in it. Keeping with this principle, the government has been time and again providing incentives to exp

Posted in Service Tax | 3855 Views

I-T REFUNDS TO GO ONLINE FROM DECEMBER

19 September 2007 at 13:06

Come December, and all the nagging income tax refund worries will be over. The I-T department would be crediting the refunds directly to tax payers' SBI accounts. "Tax payers need not come to Aikar Bhawan to persue their refunds. It will be electroni

Posted in Income Tax | 3096 Views

What is subprime effect?

18 September 2007 at 20:51

What is this subprime effect?By - Ashutosh M Wakhare If you are the kind who follows the business press and news channels very closely, then chances are that, in the last one week, you would have heard stock market experts blaming US subprime default

Posted in Shares & Stock | 5202 Views