YEAR END REVIEW-2007- MINISTRY OF CORPORATE AFFAIRS The name of the Ministry has been changed from 'Ministry of Compan
Direct tax collections continued to record a growth of over 40 percent for the period 1st April to 15th December 2007. According to provisional data, net tax collections stood at Rs.1,64,407 crore, up from Rs.1,15,377 crore during the same period las
Professionals, both salaried and self employed, as well as traders should be prepared to pay more tax. The Centre is considering amending the Constitution to raise the ceiling on professional tax from Rs 2,500 per annum at present to Rs 5,000.The tax
The government is extending the due date of filing of income tax return to February 29, 2008. The centre on Friday informed the Supreme Court that the due date for of filing of income-tax return was being extended in view of the confusion regarding f
"RBI Panel is being submitted in two phases. First list is expected to be hosted by Monday, December 10, 2007. Members/ Firms falling in 1st list can check their category by inputting their MEF No. The second list is under preparation and expected to
NEW SYLLABUSThe Institute has taken a very positive approach towards providing high standard of education and training to the students andarranging continuous development programmes for the members. The new syllabus has been framed following the Inte
The Finance Ministry appears to be favorably inclined toward moderating income tax rates in view of the over 40 per cent growth in direct tax collections. "With improvement in voluntary tax compliance and tax administration, direct tax collections ar
NEW DELHI: The Supreme Court said on Tuesday professionals cannot claim depreciation under Section 32 of the Income Tax Act. The Section is applicable to an assessee carrying on business and not to a professional, the apex court said, dismissing an a
The result of the Common Proficiency Test held on 4th November 2007 is expected to be declared on Friday, the 30th November 2007 around 12 Noon and the same as well as the merit list (candidates securing a minimum of 60% and above marks and upto the
The draft Companies Bill, 2007, has proposed a new entity called a one-person company (OPC) as a measure to provide start-up entrepreneurs and professionals the much- needed flexibility in setting up a business in India. The onerous compliance req
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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