CAclubindia News
OIL MINISTRY SOUGHT SCRAPPING OF 'SERVICE TAX' ::
28 August 2007 at 19:07The oil ministry has sought scrapping of service tax on exploration activities on the ground that spike in global rates for hiring rigs and other services such as geological data analysis have put huge pressure on domestic oil hunters even as they ar
LAW FOR CREDIT CARD PAYMENTS :: FM..!
27 August 2007 at 09:32The government is planning to bring a new law to regulate credit card payment. While replying to a question regarding credit card problems, Finance Minister P Chidambaram told the Lok Sabha that such a move is in the offing. In his question, CPI(M) M
Income-tax Department seeks exemption from 'Right to information' Act ::
27 August 2007 at 09:26The income-tax department has asked the department of personnel and training to amend the Right to Information (RTI) Act to shield itself from unsolicited queries on its investigations. The RTI Act has exempted the department of revenue intelligence,
The Institute of Chartered Accountant Committee on Information Technology
26 August 2007 at 00:19Technology Initiative - ERPGovernment Departments, Corporate and business houses are making increasing use of IT to streamline their operations and provide value added services to their customers. Chartered Accountants, with their matchless knowledge
Mandatory Cost Audit in Service sector
25 August 2007 at 11:26New Delhi, Aug 24 Companies in the services sector and all listedmanufacturing companies may soon have to hire cost accountants undera new formula being worked out by the government to beef up the roleof corporate cost audits.According to sources in
Servic e-Tax on 'Campus Recruitment' ::
25 August 2007 at 09:10The government made it clear on Thursday that educational institutes, including the Indian Institutes of Management (IIMs) and Indian Institutes of Technology (IITs), would have to pay service tax for providing campus recruitment to their graduates.
MORE BUSINESSES COME UNDER SERVICE TAX NET ::
24 August 2007 at 16:41Sub-contractors in construction projects will now have to pay service tax. They will add to the various categories of small entities, which were so far not required to register themselves as service tax payers. While their taxable amount will not go
First time in India- CA's in politics now!!
23 August 2007 at 17:16The next time you hear a politician straining his vocal chords at some public forum, rest assured he would be ranting some numbers, figures, growth rates and percentages, besides the usual speech. For, the numeric ammunition will soon be supplied by
Parliament rights enhanced..can levy service tax on CAs, architects: SC
23 August 2007 at 16:58The Supreme Court has held that Parliament is competent to levy service tax on chartered accountants, cost accountants and architects. "We hold that Parliament has legislative competence to levy service tax by way of impugned Finance Acts of 1994 and
HC ON NEW IT RETURNS..!!
23 August 2007 at 16:57HIGH COURT OF ALLAHABADOm Prakash Tewariv. Union of India Section 139 of the Income-tax Act, 1961, read with rule 12 of the Income-tax Rules, 1962 - Return of income - General - Assessment year 2007-08 - Petitioners, lawyers/advocates, challenged In
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