The industry andhigh-income taxpayers abhor a tax on dividends. They say it would amount todouble taxation. The argument is that it is wrong to tax the same income twice,once when it is earned by companies and then in the hands of the shareholders a
TDS may cover more incomes The upcoming Budget is expected to bring more income heads in the ambit of tax deducted at source (TDS). The scope of TDS may be expanded to include more trades and professions. At present, the TDS net covers income fr
The result of the Common Proficiency Test held on 3rd February, 2008 is expected to be declared on Tuesday, the 26th February, 2008 around 12 Noon and the same as well as the merit list (candidates securing a minimum of 60% and above marks and upto t
The service tax refund scheme for exporters has been extended by the Finance Minister, to three more services, but stopped short of including 14 other areas for a similar relaxation. 13 services used by exporters have been made eligible for refund of
Income generated from agricultural advances by state cooperative banks and district central cooperative banks is likely to be exempted from tax from 2008-09. The finance ministry is considering a proposal to this effect in order to boost farm sector
Gratuity - a Right not Bounty The Supreme Court has ruled that, Gratuity is an inalienable right of an employee and not a bounty or reward that is offered by the management, A Bench of Justices S B Sinha and H S Bedi said that when a benefit is
The new head of India's stock market regulator is the first person with a background in stock market regulation to be named to the position and while some experts say he is just the man for the job, others point to the significant challenges he will
OFFICE OF THE COMPTROLLER & AUDITOR GENERAL OF INDIA 10, Bahadur Shah Zafar Marg, New Delhi-110124. Updation of data for empanelment by the Chartered Accountant firms for the year 2008-2009The Chartered Accountant firms who had applied for empanelme
February, 12th 2008 Management accountants are the conscious keepers of an organisation, says Charles Tilley, chief executive officer, Chartered Institute of Management Accountants (CIMA), UK. In conversation with Rayana Pandey
No.402/92/2006-MC (10 of 2008) Government of India / Ministry of Finance Department of RevenueCentral Board of Direct Taxes*** New Delhi dated the 12th February 2008 PRESS RELEASE All tax deductors / &
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