CAclubindia News

TRP's may seek loan from Psu's

22 September 2007 at 17:07

As many as 3,545 people have qualified so far and government is keen that they can start business in the current yearA few state-owned banks are working on a scheme to provide soft loans to newly-minted tax return preparers (TRPs) to buy office equip

Posted in Community & General | 4044 Views

RBI asks auditors to tighten reporting norms for NBFCs

22 September 2007 at 17:01

The non-banking finance companies (NBFCs) are set to face stringent reporting norms by the Reserve Bank of India. The apex banking authority has asked the statutory auditors of NBFCs to improve their reporting. The department of non-banking supervisi

Posted in Investments & Personal Finance | 1 comments | 5604 Views

Tds efforts finally pays off

22 September 2007 at 12:37

Tax deducted at source (TDS) accounts for as much as 50 per cent direct tax collections in this fiscal so far. This figure was 28 per cent and 35 per cent in 2006-07 and 2005-06, respectively. The main reason for this increase is the widening of t

Posted in Income Tax | 2898 Views

Banks must end goondagardi: SC

22 September 2007 at 10:51

NEW DELHI: Taking a serious view on the use of muscle power by banks and financial institutions for recovering loans, the Supreme Court on Friday observed that they cannot engage " goondas " to harass people. There is a rule of law that must be adher

Posted in Community & General | 3210 Views

Service tax refund fails to cheer exporters

22 September 2007 at 01:49

NEW DELHI: The finance ministry has approved a list of services, including port-based and transport services, for which exporters will be refunded service tax. While the notification has come at a time when exporters are looking forward to all possib

Posted in Service Tax | 3243 Views

Training centre for CAs to open in Hyderabad

21 September 2007 at 22:28

A Centre for Excellence in Business Management for chartered accountants is being opened in Hyderabad with an outlay of Rs20 crore, Institute of Chartered Accountants of India (ICAI), New Delhi president H Sunil Talati said on 21 September.Talati, wh

Posted in Career | 3552 Views

Vodafone drags I-T to court over tax claim!!!

21 September 2007 at 15:27

Vodafone Essar has filed a writ petition in the Bombay High Court challenging the right of the tax authorities to levy a capital gains tax on it.The writ is aimed at preventing the income-tax department from taking further action. The I-T department

Posted in Income Tax | 3165 Views

Audit of NBFCs

21 September 2007 at 15:20

For the Immediate Attention of the MembersAudits of NBFCsNon Banking Finance Companies (NBFCs) are playing a vital role as the financial resource mobiliser in India given the country's geographical and population spread. However, having regard to the

Posted in Audit | 1 comments | 17577 Views

New law to give more teeth to company secretaries

20 September 2007 at 19:04

The Institute of Company Secretaries of India (ICSI) is hopeful that a new company law would give a bigger role to company secretaries as key managerial personnel.Preeti Malhotra, President ICSI, said here Wednesday that ICSI was actively involved in

Posted in Career | 4026 Views

ICWAI pushes for change in name!!

20 September 2007 at 18:34

In a fresh attempt to push for a change of name, the Institute of Cost and Works Accountants of India (ICWAI) is organising a two-day conference in January, the stated aim of which is to reposition the role of �management accountants� s

Posted in Career | 3378 Views