CAclubindia News

Baksheesh, Saab!! no whispering now, its official!!

04 October 2007 at 19:55

HC: Baksheesh is official spend Shibu Thomas | TNN Mumbai: "Saab, baksheesh.'' The Persian word for tip used by everyone from the MTNL linesman to the postman at Diwali has now been accorded legal sanctity. In an important judgment that will doubtles

Posted in Income Tax | 1 comments | 4962 Views

CAAT - Going to use by IT Department

03 October 2007 at 20:39

The Income Tax department will soon introduce a new accounting tool that will be used against business houses suspected of concealing huge income by fudging their accounts and making fake entries to concoct balance-sheets. To be called Computer Assi

Posted in Income Tax | 3414 Views

Latest CLB order on Section 141

03 October 2007 at 17:12

Now Central Govt. is authorised to accept the forms for registration/ modification/ satisfaction of charges upto a period of 300 days from the date of event. Additional fee for delay beyond 30 days will be payable.For the latest order of CLB on Secti

Posted in Corporate Law | 6324 Views

ICAI council insulated from RTI : CIC

02 October 2007 at 18:52

The Central Information Commission (CIC) has said that multi-member deliberative bodies should be insulated from disclosing their details under the Right to Information Act."A certain amount of insularity from disclosure requirement needs to be accep

Posted in Career | 5247 Views

Amendments to the payment of Bonus Act, 1965

02 October 2007 at 12:44

The Cabinet in its meeting held on October 1, 2007 has approved the Amendments to the payment of Bonus Act, 1965, which are as follows:- i) Amendment to Section 2(13): To raise the eligibility limit for payment of bonus from the salary or wage of Rs.

Posted in Others | 13287 Views

Indian CA's in demand abroad!!

02 October 2007 at 12:13

It's not only the Indian engineers, management graduates and IT professionals who are in demand overseas. Usually, the low-profiled chartered accountants (CAs) too are now in demand by the other countries. The apex body of CAs - Institute of Chartere

Posted in Career | 1 comments | 27696 Views

Membership fee for salaried staff

01 October 2007 at 16:49

More than a decade ago, while being Chairman of IEEE, Hyderabad Section, I had got into correspondence with you about the possibility and justification of exemption of income-tax on the payment of subscriptions by individuals to various professional

Posted in Others | 5856 Views

Use of CA logo on excel sheets is permitted

01 October 2007 at 16:48

Use of CA logo on excel sheets is permitted. Members may follow as per attached sample.Please click here for sample http://icai.org/icairoot/announcements/calogo_excelsheet.html

Posted in Career | 7974 Views

MAN RECEIVES INCOME TAX REFUND AFTER 11 YEARS

01 October 2007 at 16:46

Eleven years after he began his fight for an income tax refund, a man has finally managed to receive his due from the authorities coupled with accrued interests following delay in payment. Prakash Aswani, who took voluntary retirement from United In

Posted in Income Tax | 5079 Views

Change in Accounting mode for municipalities!!

29 September 2007 at 12:15

Statesman News Service"The accounting procedures of all the municipalities should change from the existing single entry system to a double entry mercantile system, and even the government ought to switch over to the practice," said Mr Sunil Talati, p

Posted in Accounts | 4011 Views