Three-month-old Orissa baby becomes youngest tax payerBy Sarada LahangirRourkela (Orissa), July 4: A three-month-old Orissa baby has become the\nyoungest individual to get a tax account number, after a trust signed a pact\u003cbr\>\nwith
A tax enquiry notice can be unnerving for most due to ignorance of laws and understanding the correct way to respond to such notices. Stories of experiences with the taxman also play their own role with people always asking "Why did I get a notice?
NOTIFICATION NO208/2007, Dated: June 27, 2007In exercise of the powers conferred by Section 295 read with proviso to sub-section (3) of Section 40A of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following
The decision to deduct tax at source from the financial year 2007-08 in respect of the Government of India Savings Bonds if interest during a year exceeds Rs 10,000 is a big blow to many retired persons who have invested substantially in these bonds.
Important Announcement Tele-conference on "E-filing of Income-tax return forms" to be held LIVE on 11 July, 2007 from 2.00pm to 4.30 pm in the Indira Gandhi National Open University (IGNOU) Dear Members, The Fiscal Laws Committee has decided to est
Pvt schools, hospitals to be in service tax netJune, 28th 2007Will have to pay 12% tax besides 3% education cess. Service tax of 12 per cent (plus the education cess of 3 per cent) will soon be levied on fees charged by schools, doctors and hospitals
I-T return form's a tough nutJuly, 02nd 2007Are the new income tax returns (ITR) 'saral' indeed? For close to a decade, successive finance ministers have sought to make the returns easy to file although many taxpayers are not convinced.According to f
Useful power point presentation on New ITRClick below to downloadhttp://www.caclubindia.com/files_display.asp?files_id=776
Taxpayers have no confidence in MFsJune, 25th 2007The Indian mutual funds industry may have crossed the Rs 4-lakh-crore mark in assets under management, but still ranks at the bottomof the charts when it comes to gaining the confidence of tax payers.
Para 1 Infact it is tough time for few so called income tax practitionersbecause New ITRS requires the basic knowledge of the Act and accounts. Para 2 It's a myth and sheer ignorance (which again substantiate the para 1 above)&n
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)