CAclubindia News

ULIPs under review with IRDA ::

24 August 2007 at 12:00

The Insurance Regulatory and Development Authority (Irda) is in the process of reviewing the entire range of unit-linked products (Ulips) that are being sold by life insurance companies. According to R Kannan, member (actuary), Irda, the review aims

Posted in Others | 2541 Views

First time in India- CA's in politics now!!

23 August 2007 at 17:16

The next time you hear a politician straining his vocal chords at some public forum, rest assured he would be ranting some numbers, figures, growth rates and percentages, besides the usual speech. For, the numeric ammunition will soon be supplied by

Posted in Others | 1 comments | 23775 Views

Parliament rights enhanced..can levy service tax on CAs, architects: SC

23 August 2007 at 16:58

The Supreme Court has held that Parliament is competent to levy service tax on chartered accountants, cost accountants and architects. "We hold that Parliament has legislative competence to levy service tax by way of impugned Finance Acts of 1994 and

Posted in Service Tax | 3228 Views

HC ON NEW IT RETURNS..!!

23 August 2007 at 16:57

HIGH COURT OF ALLAHABADOm Prakash Tewariv. Union of India Section 139 of the Income-tax Act, 1961, read with rule 12 of the Income-tax Rules, 1962 - Return of income - General - Assessment year 2007-08 - Petitioners, lawyers/advocates, challenged In

Posted in Income Tax | 4077 Views

Strict security an answer to the paper leak of ICAI entrance exams!!

23 August 2007 at 16:55

The Institute of Chartered Accountants of India (ICAI) is taking full care and precaution for its rescheduled Common Proficiency Test entrance exam scheduled for August 26. ICAI President Sunil Talati said extra efforts have been made to ensure full

Posted in Others | 3999 Views

MVAT Audit date for F Y 2005-06 extended 31/10/2007

23 August 2007 at 14:55

As per reports received the date for MVAT Audit for Financial Year 2005-06 has been extended to 31st October, 2007

Posted in Excise | 6042 Views

NO PAN ! NO REFUND ON FD EARNINGS...!

23 August 2007 at 08:37

Come April 2008, fixed deposit holders will not be allowed to avail any credit against taxes paid on their interest earnings if banks do not quote their PAN numbers.Many fixed deposit holders could be left in lurch as income tax department has tighte

Posted in Income Tax | 2988 Views

MVAT Audit Report Date Extended upto 31-10-2007

22 August 2007 at 17:31

Dear Members,The Hon'ble Bombay High Court has extended the last date for submission of VAT Audit Report in Form No. 704 upto 31st October, 2007 for the Financial Year 2005-2006.Thanks

Posted in VAT | 11526 Views

Direct tax Growth figures are pleasant facts!!

22 August 2007 at 12:42

Improved tax administration and a robust economic growth have started showing results. Continuing with its buoyant growth, the Centre's net direct tax collections grew 44.39 per cent since the beginning of the current fiscal till August 15 to Rs 59,2

Posted in Income Tax | 2637 Views

ARE YOU INTERESTED 'ICAI' LIAISON POINT ..!!

22 August 2007 at 08:57

Important Announcement from ICAI ::The matter regarding positioning of the profession at the global platform hasbeen receiving the attention of Institute for quite sometime and in this era ofglobalization, the aim is to facilitate creation of opportu

Posted in Career | 2799 Views