CAclubindia News

CBDT warns action if No PAN data in TDS returns

26 September 2007 at 11:28

This to inform that CBDT has warned action to be taken if TDS returns for salaries is filed with less than 90% of PAN data and returns for payments other than salaries is filed with less than 70% of PAN data furnished for quarter ending Sept 30, 2007

Posted in Income Tax | 4077 Views

Playing Hard to save Capital Gains Tax??

24 September 2007 at 23:01

Strike when the iron is hot. Banking on the bullish market sentiments, National Highways Authority of India (NHAI) plans to issue capital gains bonds worth Rs 2,000 crore on Monday. The bonds, with a face value of Rs 10,000, carry an annual coupon ra

Posted in Income Tax | 3909 Views

KPO's showering job for Chartered Accountants

24 September 2007 at 22:52

You may wonder what is the limit for KPO? What are the fields that it can not delve into? Latest in the know will tell you that chartered accountants in India are highly in demand. One educational institute in India which teaches students chartered a

Posted in Career | 9978 Views

SC admits incometax department plea on dividend income !!

24 September 2007 at 22:52

THE Supreme Court has admitted a petition moved by revenue department levy of tax on the dividend income of assessee on which no tax was paid in the contracting country which has signed Double Tax Aviodance Agreement with India. A bench comprising Ju

Posted in Income Tax | 3579 Views

E-filing of VAT returns on cards

24 September 2007 at 23:09

PUNE: Filing of returns would soon be a much easier preposition for the value added tax (VAT) dealers in the city. The sales tax, Pune division, will introduce the facility for online filing of VAT returns in two months, D.V. Bhalchandra, additional

Posted in VAT | 3 comments | 19575 Views

Cash registers at North Block are ringing !!!

23 September 2007 at 02:29

The cash registers at North Block are ringing loud, thanks to the India growth story which shows no signs of any twist in the tale. Signalling a buoyant trend in revenue growth, direct tax collection crossed the Rs 1-lakh crore milestone this fiscal,

Posted in Income Tax | 2736 Views

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 | 4098 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 | 5649 Views

Taxpayers may pay for I-T's delay

23 September 2007 at 02:36

Taxhounds may once again spoil the sleep of a lot of people. This time it won't be the bark or bite but their deafening silence on valuation norms for fair market value of Esop shares. The Central Board of Direct Taxes (CBDT) is formulating the guide

Posted in Income Tax | 3549 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 | 2985 Views