CAclubindia News

Last PE II exam extended to May 2009

31 May 2008 at 17:13

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

Posted in Students | 8 comments | 14616 Views

Central Sales Tax (CST) reduced to 2% from 1st June, 2008

31 May 2008 at 01:23

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

Posted in VAT | 8 comments | 33924 Views

GUIDELINES FOR ADVERTISEMENT FOR THE MEMBERS IN PRACTICE

30 May 2008 at 11:43

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

Posted in Career | 1 comments | 7002 Views

Amendment Concerning Service Tax on Chit

29 May 2008 at 16:29

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

Posted in Service Tax | 1 comments | 18015 Views

Income-tax officers are now demanding annexures with IT returns

28 May 2008 at 13:44

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

Posted in Income Tax | 1 comments | 15219 Views

Cess on income tax proposed to fund fuel subsidy

28 May 2008 at 13:33

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

Posted in Income Tax | 4863 Views

Announcement regarding articled assistants in respect to coaching

27 May 2008 at 10:47

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

Posted in Students | 3 comments | 18510 Views

House rent receipts can save you tax

26 May 2008 at 12:57

Under section 10 (13A) of the Income Tax Act, you can claim a deduction on the rent you pay, Aam aurat and aam aadmi just moved into the city of dreams.

Posted in Income Tax | 1 comments | 17571 Views

Making a financial plan is imperative

26 May 2008 at 12:51

The framework has to take into account the family's goals, "If I have eight hours to cut a tree, I'll spend six hours sharpening the axe" -we all would have heard this pithy aphorism.

Posted in Others | 3675 Views

SAVE TAX ON LOSS FROM SHARE

23 May 2008 at 11:23

By reading the title of the post you will be thinking that there is no tax on long term capital gain on shares then what is the relation between tax saving and long term capital loss?But after reading the next few lines you will definitely understand

Posted in Income Tax | 6 comments | 7515 Views