CAclubindia News

Quality review board for CAs set up

06 July 2007 at 00:32

New Delhi, July 4 The Centre has constituted a quality review board(QRB) under the chartered accountants law to review the quality ofservices including audit services rendered by the members of theInstitute of Chartered Accountants of India (ICAI). T

Posted in Career | 3078 Views

Industry needs more cost accountants

05 July 2007 at 04:24

Pune, July 03: With a growing demand for cost and management accountants across the country and the professionals playing a more strategic role in an organisation, the Institute of Cost & Works Accountants of India, (ICWAI) Pune chapter has chalked o

Posted in Career | 5328 Views

Banking Ombudsman

05 July 2007 at 00:00

THE BANKING OMBUDSMAN SCHEME, 2006The Scheme is introduced with the object of enabling resolution of complaints relating to certain services rendered by banks and to facilitate the satisfaction or settlement of such complaints. CHAPTER IPRELIMINARY1.

Posted in Community & General | 1 comments | 4548 Views

What to do, if you have recd IT notice

04 July 2007 at 23:51

A tax enquiry notice can be unnerving for most due to ignorance of laws and understanding the correct way to respond to such notices. Stories of experiences with the taxman also play their own role with people always asking "Why did I get a notice?

Posted in Income Tax | 6588 Views

When can you make cash expenditure exceeding 20000: NEW RULES

04 July 2007 at 22:52

NOTIFICATION NO208/2007, Dated: June 27, 2007In exercise of the powers conferred by Section 295 read with proviso to sub-section (3) of Section 40A of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following

Posted in Income Tax | 6558 Views

ICWAI National award for excellence in Cost Management

04 July 2007 at 00:14

NEW DELHI, INDIA: CyberMedia India Ltd. has been conferred the prestigious ICWAI Award for Excellence in Cost Management. CyberMedia happens to be the first media company to receive the award for its innovative HR practices in managing costs, under t

Posted in Community & General | 3516 Views

TDS on bond interest

03 July 2007 at 02:03

The decision to deduct tax at source from the financial year 2007-08 in respect of the Government of India Savings Bonds if interest during a year exceeds Rs 10,000 is a big blow to many retired persons who have invested substantially in these bonds.

Posted in Income Tax | 3615 Views

Tele-conference with CBDT officials!

02 July 2007 at 07:21

Important Announcement Tele-conference on "E-filing of Income-tax return forms" to be held LIVE on 11 July, 2007 from 2.00pm to 4.30 pm in the Indira Gandhi National Open University (IGNOU) Dear Members, The Fiscal Laws Committee has decided to est

Posted in Income Tax | 3339 Views

Pvt schools, hospitals to be in service tax net

02 July 2007 at 03:39

Pvt schools, hospitals to be in service tax netJune, 28th 2007Will have to pay 12% tax besides 3% education cess. Service tax of 12 per cent (plus the education cess of 3 per cent) will soon be levied on fees charged by schools, doctors and hospitals

Posted in Income Tax | 3603 Views

I-T return form's a tough nut

02 July 2007 at 03:30

I-T return form's a tough nutJuly, 02nd 2007Are the new income tax returns (ITR) 'saral' indeed? For close to a decade, successive finance ministers have sought to make the returns easy to file although many taxpayers are not convinced.According to f

Posted in Income Tax | 4650 Views