CAclubindia News

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 | 18081 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 | 15363 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 | 4959 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 | 18615 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 | 17733 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 Community & General | 3759 Views

RBI for watch on transactions above Rs10 lakh

23 May 2008 at 11:14

Central bank steps up vigil against money launderingAuthor : Team DNATightening the anti-money laundering norms, the Reserve Bank of India on Thursday made it mandatory for banks to report all suspicious transactions

Posted in Community & General | 5253 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 | 7626 Views

CAs can now Advertise,Council notifies the guidelines

21 May 2008 at 10:31

The Institute of Chartered Accountants of India (ICAI) set-up under the Chartered Accountant Act, 1949 to regulate the profession of Chartered Accountancy is one of the largest and prominent accounting body worldwide. It has been taking various

Posted in Career | 1 comments | 7701 Views