CAclubindia News

IT dept.-Single window facility for large tax payers

10 October 2007 at 23:45

After the success of large tax payer unit (LTU) at Bangalore, the Income Tax Department is keen on setting up the facility in Mumbai, which accounted for 40 per cent of the total direct tax collections. "IT Department, Mumbai region, will be organisi

Posted in Income Tax | 2586 Views

Advance tax by IT firms increase by 110% ::

10 October 2007 at 17:20

IT companies may be struggling to cope with a rising rupee, but their tax payments are on an upswing. The total advance tax collection from IT companies in September grew by 110% to Rs 507 crore from Rs 242 crore in September, 2006. September 15 was

Posted in Income Tax | 2499 Views

Tax refund to exporters on three more services!!!

08 October 2007 at 16:59

(PTI) Government today notified refund of tax paid by exporters on three additional services of general insurance, technical testing and analysis, and inspection and certification -- a move that will provide much- needed respite to businesses hit by

Posted in Service Tax | 4962 Views

Extension of due date of filing returns in Bihar!!

08 October 2007 at 16:57

Considering the disruption caused by floods in the State of Bihar, the Central Board of Direct Taxes, in exercise of powers conferred under Section 119 of the Income Tax Act, 1961, hereby extends the due date for filing of returns required to be furn

Posted in Income Tax | 3129 Views

More service tax refunds possible for exporters

07 October 2007 at 20:30

Here is something to cheer up exporters. The finance ministry is ready to include more items in the list of services for which exporters are to be refunded service tax. In addition to just four services notified by the finance ministry last month to

Posted in Service Tax | 4098 Views

After the Logo-Now a dress code for CA's!!

06 October 2007 at 00:19

The Institute of Chartered Accountants (ICAI), a statutory body for regulating chartered accountants in the country, has tied up with retail major Provogue to provide a dash of colour and style to the profession. "A professional should be identified

Posted in Career | 9192 Views

Will increased Tax revenue bring smile on taxmen's face!!

05 October 2007 at 11:22

TAXMEN DEMAND BETTER DEAL AS COLLECTIONS TOUCH NEW HEIGHTSIncome tax officers are awaiting the day when Finance Minister P Chidambaram approves a proposal to earmark 1 per cent of annual direct tax collections for meeting the annual expenditure of th

Posted in Income Tax | 2775 Views

Senior Citizen gets deduction in CA membership fees also!!

05 October 2007 at 00:30

ANNOUNCEMENTFor Kind Attention of MembersNEW SCALE OF FEES W.E.F. 1.4.2008 The Council in its 268th meeting held on 30th April to 2nd May, 2007 has decided to revise the membership and related fees as under w.e.f. 1.4.2008 : - Particulars of F

Posted in Others | 4302 Views

KPO industry to provide 255,000 jobs in India by 2011!!

05 October 2007 at 00:11

The Knowledge Process Offshoring (KPO) industry in India is likely to grow to US $11.2 billion in revenue by 2010-11 and is expected to employ approximately 255,000 professionals by March 2011, according to a study by Evalueserve. Among low-cost dest

Posted in Career | 7632 Views

Revision facilities of MEF-2007-08

04 October 2007 at 19:55

Facilities for revision of MEF 2007-08 as detailed below will be available upto 15th October 2007 on MEF website http://www.meficai. org/mefcorrectio n0708.htm Correction of data filled in the MEF Change in the status in which application was filed (

Posted in Income Tax | 2781 Views