CAclubindia News

'GIVE BLANKET SERVICE TAX EXEMPTION TO EXPORTERS'

19 September 2007 at 13:07

It is an ideal feature of any good taxation system that in export transactions only goods or services should be exported and not the taxes embedded in it. Keeping with this principle, the government has been time and again providing incentives to exp

Posted in Service Tax | 3954 Views

I-T REFUNDS TO GO ONLINE FROM DECEMBER

19 September 2007 at 13:06

Come December, and all the nagging income tax refund worries will be over. The I-T department would be crediting the refunds directly to tax payers' SBI accounts. "Tax payers need not come to Aikar Bhawan to persue their refunds. It will be electroni

Posted in Income Tax | 3180 Views

What is subprime effect?

18 September 2007 at 20:51

What is this subprime effect?By - Ashutosh M Wakhare If you are the kind who follows the business press and news channels very closely, then chances are that, in the last one week, you would have heard stock market experts blaming US subprime default

Posted in Investments & Personal Finance | 5373 Views

FINMIN MAY BLOCK RETAIL CESS

18 September 2007 at 20:24

The cess on large retail players may not come through at all. The finance ministry is unlikely to endorse a proposal made by the department of industrial policy & promotion (DIPP) to levy a cess on organised retail to create a fund that would finance

Posted in Community & General | 2592 Views

TAX REFUND FOR EXPORTERS ON 4 SERVICES

18 September 2007 at 20:19

The Finance Ministry on Monday made the first ever move to refund service tax paid by exporters on non-input services. The refund will now be available on four identified transport and port services that could be linked to export goods. Services offe

Posted in Service Tax | 4317 Views

ALTERNATIVE DEPB SCHEME SOON: MINISTER

18 September 2007 at 20:18

The Commerce Ministry is working on an alternative Duty Entitlement Pass Book (DEPB) scheme. "It is in the final stage," Union Minister for Commerce and Industry, Mr Kamal Nath, said but refused to elaborate.Responding to queries after inaugurating t

Posted in Community & General | 3183 Views

New hubs to bolster tax kitty

18 September 2007 at 00:23

The Central Board of Direct Taxes (CBDT) has discovered new hubs to bolster the tax kitty at this time at the grassroots. The CBDT has spotted Panchayats in states such as Gujarat, Maharashtra, Karnataka and Madhya Pradesh as the potential tax p

Posted in Income Tax | 2973 Views

CAclubindia celebrates completion of 8 years

18 September 2007 at 00:02

CAclubindia.comCelebrates completion of 8 years To post your comments click here

Posted in Community & General | 2928 Views

Fee is income rules Tribunal

17 September 2007 at 13:15

HOUSING SOCIETIES in the city that disputed the applicability of income tax on transfer fees - collected by a society when a flat is sold by a member - may have to pay up. The Income-Tax (I-T) Department has begun issuing notices to such housing soci

Posted in Income Tax | 2991 Views

SEBI SERIOUS ON COMPANIES for 'NON-COMPLIANCE' OF CLAUSE 49 !!

16 September 2007 at 09:41

MUMBAI: The Securities and Exchange Board of India (Sebi) has initiated 'adjudication proceedings' against 20 companies for not complying with the Clause 49 provision of the listing agreement pertaining to corporate governance. Such action would invo

Posted in Investments & Personal Finance | 8895 Views