The government is considering an overhaul of the Indian Trusts Act, 1882, which would allow more flexibility to trusts in their investment decisions. The move is aimed at making the pre-independence law more contemporary. At present, registered trust
Apropos of 'Got PAN? You may shell out more for LPG' (ET, Sept 7), it's preposterous and a harebrained idea. It shows that our politicians lack common sense. Many people have obtained PAN out of compulsion to comply with certain mandatory requirement
Finally, the clouds of uncertainty over levying of service tax have disappeared from the minds of realty consumers and developers. According to a ruling by the Union Finance Ministry, the developers have been exempted from the service tax net, which
Sale of 04th November 2007 CPT Examination Information Brochure and forms through AXIS Bank in Delhi / New Delhi The next Common Proficiency Test (CPT) of the Institute will be held on 4th November 2007. The sale of Examination Information Brochure
Taxmen are narrowing down their choices from their stock of options on finding the right price for taxing Esops. The employee stock option plan (Esop) valuation norms for listed companies are likely to rely on the opening and closing price of the scr
PAN card holders (income-tax payers) may be in for a shock if this proposal manages to pass the political muster. Consumers of cooking gas, liquefied petroleum gas (LPG), may have to fork out more. The government plans to withdraw subsidies for taxpa
Announcement Result of Common Proficiency Test (CPT) - August 2007 is expected to be declared on Tuesday, the 10th September 2007 around 10 A.M. The result of the Common Proficiency Test held on 26th August 2007 is expected to be declared on Tuesda
The Institute of CharteredAccountants of India has decided to "fully converge" with InternationalFinancial Reporting Standards (IFRS) from accounting periods starting on orafter April 1, 2011, a senior ICAI official said here today. VedkumarJain, vi
The government on Friday said the new simplified Income Tax Act is likely to come into force on April 1, 2008, replacing the existing Income Tax Act 1961, reports Economic Times. A report to simplify and rationalise the law relating to income tax, pr
A New quarterly return has been started by the Income Tax Dept FOR:PERSON LIABLE TO FILE THIS RETURN--All Accounts Officers (AOs) in Government Department(s)(STATE/CENTER GOVT )--Who process the bills prepared by Drawing and Disbursement Officers (DD
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