CAclubindia News

ITR is turning out to be .. irksome tax return

13 July 2007 at 07:00

Most of us have less than three weeks left to file our tax returnand as all of us know only too well, this has to be done using the newIncome Tax Return (ITR) forms that have replaced Saral - forms that arelengthy, intimidating and full of jargon. In

Posted in Income Tax | 3777 Views

HC makes 'leave encashment' less taxing !

12 July 2007 at 23:15

NEW DELHI: Companies providing for leave encashment payments in their books can now claim tax deduction even if the actual cash payouts have not taken place. Providing for leave encashments is mandatory under ICAI accounting norms for companies. Howe

Posted in Income Tax | 3759 Views

BANK EMPANLEMENT IS READY !!

11 July 2007 at 22:46

IMPORTANT ANNOUNCEMENT Multipurpose Empanelment Application Form for the years 2007-08 Members may please note that the Multipurpose Empanelment Form for 2007-08 has been hosted on the website www.meficai.org on 11th July, 2007. The last date for sub

Posted in Audit | 7785 Views

The D-day is here

11 July 2007 at 08:58

Most awaiting day of the month of july for the students pursuing CA is the day of their result...And for the exams conducted in May'07 the results are likely to be declared on 17th July,2007.

Posted in Students | 5169 Views

Retailers, real estate cos. challenge levy of service tax

11 July 2007 at 08:56

NEW DELHI: Retailers, real estate developers and multiplex owners amongothers have moved the Bombay High Court challenging the levy of service taxon rental income from commercial properties.Pantaloon Retail, Trent, Aditya Birla Retail, Archies, CISCO

Posted in Service Tax | 4071 Views

No more filing of income-tax returns at post offices !

10 July 2007 at 06:46

The income tax department is planning to withdraw a facility introduced last year for filing tax returns at around 2,000 post offices, owing to incomplete and inaccurate returns. Nearly 350,000 returns were filed through post offices last year. "Man

Posted in Income Tax | 3234 Views

CA may end up as college course

09 July 2007 at 09:21

CA may end up as a college course. With changing business environmentand expectations from chartered accountants (CAs), world'ssecond-largest accounting body Institute of Chartered Accountants ofIndia (ICAI) is now contemplating making residential cl

Posted in Career | 4251 Views

Ten deadly time wraps for Chartered Accountants

09 July 2007 at 00:46

Watch out for those ten deadly time-trapsNanu R. Mallya.,B.Com. F.C.A.Chartered Accountants, as a tribe, are workaholics. Whether one isin practice; or in employment. It is not unusual to see a CharteredAccountant put in twelve hours of work everyday

Posted in Career | 5487 Views

No service tax on Life insurance Companies on 'fund management' fees !!

08 July 2007 at 02:01

Life insurance companies are set to be spared of paying service tax on fund management fees. This is good news for policy holders investing in unit-linked insurance plans (Ulip) as they will not have to take a hit on their returns. The Central Board

Posted in Service Tax | 3165 Views

INCOME-TAX RETURN FORM GETS SIMPLER !

07 July 2007 at 23:35

I-T return form gets simpler: There is some relief for income tax payers. While filing returns this year, they will not require to attach loads of documents related to investment details. The Income-Tax department has finally come clear on the issue.

Posted in Income Tax | 4458 Views