CAclubindia News

Tax Exemption under section for the ICC Cricket World Cup 2011

01 April 2011 at 12:12

Tax Exemption under section for the ICC Cricket World Cup 2011 The Union Cabinet today approved the proposal of Ministry of Finance for exempting ICC Cricket World Cup 2011 from income tax under section 10(39) of the Income Tax Act 1961 in respe

Posted in Income Tax | 6069 Views

Creation of seven posts of Indirect Tax Ombudsman

01 April 2011 at 12:12

The Union Cabinet today approved creation of seven posts of Indirect Tax Ombudsman to be located at Delhi, Mumbai, Chennai, Calcutta, Bangalore, Ahmedabad and Lucknow in the HAG + scale of Rs.75,500-80,000/- and the supporting staff. The Indirect Ta

Posted in VAT | 1 comments | 21243 Views

Facility of Income Tax Payment Through ATMs by Union Bank of India Launched

01 April 2011 at 12:12

Facility of Income Tax Payment Through ATMS by Union Bank of India Launched The Minister of State for Finance Shri Namo Narain Meena launched facility of Income Tax payment through ATMs by Union Bank of India here today. Senior officials from Minist

Posted in Income Tax | 3759 Views

Vodafone buys Essar's stake for $5 bn; may exceed FDI limit

01 April 2011 at 12:11

Vodafone buys Essar's stake for $5 bn; may exceed FDI limit UK-based Vodafone on Thursday acquired 33 per cent stake of its Indian partner Essar in the joint venture Vodafone Essar for USD 5 billion and may go for a new ally or opt for publi

Posted in Others | 3438 Views

CAs exempted from collecting service tax on accrual basis

01 April 2011 at 12:06

Notification No.25/2011 - Service Tax Ministry of Finance has today issued the above Notification amending Point of taxation Rules, 2011. Rules 7 has been substituted by a new Rule whereby, point of taxation in respect specified service providers w

Posted in Service Tax | 11511 Views

Amendments in Point of Taxation Rules, 2011 and other related provisions

01 April 2011 at 12:03

Amendments in Point of Taxation Rules, 2011 and other related provisions F.No.341/34/2010-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) ****** New Delhi dated the 31st March, 2011. To A

Posted in Service Tax | 1 comments | 4731 Views

RBI releases Study on State Finances 2010-11

31 March 2011 at 16:33

RBI releases Study on State Finances 2010-11 The Reserve Bank of India (RBI) today released “State Finances: A Study of Budgets of 2010-11”, a publication that provides data, analysis and assessment of finances of State governments.

Posted in Others | 4530 Views

President's Message - April 2011

31 March 2011 at 15:37

President's Message - April 2011 Dear friends, When the first Finance Minister of India, Shri R. K. Shanmukham Chetty, presented the first budget of the country soon after our independence, on 26th November, 1

Posted in Others | 3279 Views

ICAI e-Journal (April 2011)

31 March 2011 at 15:37

ICAI e-Journal (April 2011)

Posted in Others | 8601 Views

Consolidated FDI Policy (Effective from 1-4-2011)

31 March 2011 at 14:31

Circular 1 of 2011 on FDI Circular 1 of 2011, being released today, is the third edition of the Consolidated FDI Policy. One year has passed since the policy on Foreign Direct investment (FDI), was consolidated and released for the first time, e

Posted in Others | 5322 Views