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Service Tax on House Property

   06 June 2007 at 03:53

Service Tax on House PropertyApplicable from 01/06/07.Mr. Finance minister in the budget for the year has levied an Indirect tax on the let out of property. Tax will be charged in contracts where the property is rented or leased out for commercial pu

Posted in Service Tax |   10308 Views


CFA exam concludes

   05 June 2007 at 05:14

Today, the mood at the Thakur College ofEngineering and Technology, Kandivali, was ecstatic as approximately4,000 Chartered Financial Analyst (CFA) institute students (levels one,two and three) successfully took their examinations .  The exam wa

Posted in Students |   6840 Views


ICAI and IGNOU MOU

   05 June 2007 at 01:22

Bos/Ancmnet/MOU-IGNOU-ICAI/227/19/07March 15, 2007For furtherance of commerce and management education, the Institute of Chartered Accountants of India and Indira Gandhi National Open University have deliberated and reached the following understandin

Posted in Students  1 comments |   16875 Views


Common Causes for rejection of DIN applications

   04 June 2007 at 23:45

MCA NotificationBefore you fill-in application for DINPlease remember following common causes of REJECTIONS * Mismatch in the Name and Father's Name in DIN form with the ID (Identity) proof enclosed. The Name of the applicant should exactly match

Posted in Corporate Law |   5820 Views


Settlement Commission Members Appointed

   03 June 2007 at 00:44

Settlement Commission four Members appointed30 May 07F.No. A.12026/1/2005-Ad.IGovernment of IndiaMinistry of FinanceDepartment of RevenueDated : May 30, 2007OFFICE ORDER NO 152/2007The President of India is pleased to appoint Shri Raj Kishore, Chief

Posted in Income Tax |   9393 Views


Acceptance of Return Form in Paper Form for Firms etc

   02 June 2007 at 03:52

Acceptance of returns of income/ fringe benefits in paper form for assessment year 2007-08 in case of firms liable to audit under section 44AB and companies - reg. May, 29th 2007 Circular No. 03 / 2007F.No. 153/75/2007-TPLGovernment of IndiaMinistry

Posted in Income Tax |   4743 Views


8 per cent taxable bonds attract TDS from 1st June

   01 June 2007 at 23:28

MUMBAI: Eight per cent taxable bonds, floated by the Government in 2003, will attract tax deduction at source (TDS) from today on interest exceeding Rs 10,000 in a year. "Tax is required to be deducted at source on the interest exceeding Rs 10,000 pa

Posted in Income Tax |   4029 Views


Taxhounds readying data bank to chase defaulters

   01 June 2007 at 02:28

  PAY your taxes honestly and in time. The income-tax department is now going whole hog after recovery of tax arrears.     Asa part of this exercise, the Central Board of Direct Taxes is creatinga data bank of those asse

Posted in Income Tax |   3666 Views


Filing Form 16 not required for refund

   01 June 2007 at 02:23

The Income Tax Department has said there was no need for appending 'Form16' - the statement of tax deducted at source - with the returns on income toavail of tax refunds. "Ataxpayer is not required to file any document relating to computation of in

Posted in Income Tax |   5040 Views


New Tax Laws to get rid of CAs

   30 May 2007 at 06:52

How long have you been struggling to make sense of the Income Tax Act to tackle important issues in your life like the tax implications for funding higher education of your children or planning for retirement?Sure enough, only a tax professional woul

Posted in Income Tax |   5487 Views