CAclubindia News
Home buyers get service tax waiver ::
11 September 2007 at 09:26Finally, the clouds of uncertainty over levying of service tax have disappeared from the minds of realty consumers and developers. According to a ruling by the Union Finance Ministry, the developers have been exempted from the service tax net, which
NEXT CA;;CPT EXAM. ON 4th NOV. 07 !
11 September 2007 at 09:17Sale of 04th November 2007 CPT Examination Information Brochure and forms through AXIS Bank in Delhi / New Delhi The next Common Proficiency Test (CPT) of the Institute will be held on 4th November 2007. The sale of Examination Information Brochure
Fair market value for FBT on Esops may be a day's work
10 September 2007 at 17:25Taxmen are narrowing down their choices from their stock of options on finding the right price for taxing Esops. The employee stock option plan (Esop) valuation norms for listed companies are likely to rely on the opening and closing price of the scr
PAN CARD HOLDERS TO PAY MORE FOR COOKING GAS !!
08 September 2007 at 15:07PAN card holders (income-tax payers) may be in for a shock if this proposal manages to pass the political muster. Consumers of cooking gas, liquefied petroleum gas (LPG), may have to fork out more. The government plans to withdraw subsidies for taxpa
CA : CPT Results on 10th September !!
08 September 2007 at 14:52Announcement Result of Common Proficiency Test (CPT) - August 2007 is expected to be declared on Tuesday, the 10th September 2007 around 10 A.M. The result of the Common Proficiency Test held on 26th August 2007 is expected to be declared on Tuesda
ICAI to converge with international standards
08 September 2007 at 02:29The Institute of CharteredAccountants of India has decided to "fully converge" with InternationalFinancial Reporting Standards (IFRS) from accounting periods starting on orafter April 1, 2011, a senior ICAI official said here today. VedkumarJain, vi
New simplified Income tax
06 September 2007 at 19:01The government on Friday said the new simplified Income Tax Act is likely to come into force on April 1, 2008, replacing the existing Income Tax Act 1961, reports Economic Times. A report to simplify and rationalise the law relating to income tax, pr
New Return for all Accounts Officers in Govt Dept.
06 September 2007 at 15:13A New quarterly return has been started by the Income Tax Dept FOR:PERSON LIABLE TO FILE THIS RETURN--All Accounts Officers (AOs) in Government Department(s)(STATE/CENTER GOVT )--Who process the bills prepared by Drawing and Disbursement Officers (DD
Asset-liability mismatch norms tightened
06 September 2007 at 13:33MUMBAI: In a bid to instill more discipline among banks in managing their liquidity, the Reserve Bank of India (RBI) has asked banks not to have a negative gap in their fund outflows for the next day. Negative gap refers to a mismatch in which intere
No service tax on transaction charge
06 September 2007 at 13:21NEW DELHI: Clearing houses, stock exchanges and commodity exchanges have something to cheer about. Service tax would not be levied on the transaction charges collected by the bodies from their members. The Central Board of Excise & Customs (CBEC), in
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