The party for retailers taking space in malls may soon end with the tax sleuths on prowl to check evasion of tax deducted at source (TDS) by them. Income-tax department is laying special emphasis on tightening of TDS administration, as these payments
Additional tax-saving avenues are on their way. A Securities & Exchange Board of India committee has proposed tax exemptions up to Rs2 lakh under Section 80 C of the Income Tax Act, as against the current limit of Rs1 lakh. The only caveat is that th
New I-T code to be tabled before December!Finance Minister P Chidambaram has been working on drafting the code, which after being tabled in Parliament, will have to go through a process that will take quite some time before it is passed. The new inco
The Central Board of Direct Taxes (CBDT) is considering a proposal to restrict the exemption on long-term capital gains only to companies constituting the BSE-500 index. At present, the exemption under Section 10 (38) is allowed on transactions of sh
The Cost Inflation Index for the Financial Year 2007-08 has been notified as 551 vide NOTIFICATION NO. 214/2007, DATED 3-8-2007.
The Income Tax department has devised ITR-5 in Excel format. To download the file click on the link given below.. http://www.caclubindia.com/files_display.asp?files_id=893
E-PAYMENT MADE MANDATORY FOR CORPORATESThe office of the Andhra Pradesh Chief Commissioner of Income Tax today informed that e-payment of Direct Taxes was mandatory for Corporate Tax payers and those coming under the purview of Sec 44 AB, with effect
CBI registers a case against former Director General (Income Tax) and conducts raids The Central Bureau of Investigation has registered a case against a former Director General (Investigation), Income Tax, Pune, an Income Tax Officer & othe
New Delhi, 14.06.2007 CBI raids Income Tax Official: Locates assets worth several Lakh Rupees CBI''s Anti-Corruption Branch of Delhi, after registering a case under Prevention of Corruption Act against an Income Tax Inspector, today conduc
SCA/18793/2007 3/3 ORDERIN THE HIGH COURT OF GUJARAT AT AHMEDABADSPECIAL CIVIL APPLICATION No. 18793 of 2007====================================== ALL GUJARAT FEDERATION OF TAX COUNSULTANTS THRO' PRESIDENT & 4 - Petitioner(s)VersusUNION OF INDIA THRO
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
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