CAclubindia News

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 | 3291 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 | 3606 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 | 3327 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 | 3252 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 | 17727 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 | 4089 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 | 3474 Views

India's Sensex Tops 16,000 for First Time After Fed Cuts Rates

19 September 2007 at 13:56

Sept. 19 (Bloomberg) -- India's Sensitive Index crossed 16,000 for the first time after the U.S. Federal Reserve cut its benchmark interest rate more than expected, easing concern a housing slump will drive the world's largest economy into recession.

Posted in Investments & Personal Finance | 4560 Views

NOW, SOFTWARE MAY HOLD UP TAX REFUNDS

19 September 2007 at 13:12

If you were banking on your income tax refund for 2006-07 to take care of your investment needs or meet liquidity requirements, then there is no immediate hope in sight with the government yet to develop a software to process your returns. While the

Posted in Technology & Tools | 12612 Views

NEW DIRECT TAX CODE WILL BE IMPLEMENTED SOON : SHOME

19 September 2007 at 13:11

The Union Finance Ministry in consultation with tax experts is drafting a new Direct Tax Code which was likely to be ready by October, advisor to the Finance Ministry Parthasarathi Shome said today.The main objective of drafting the new code was to m

Posted in Income Tax | 2916 Views