CAclubindia News


Due date for submission of ITR-V extended

 08 September 2011 at 10:03

The due date for submission of ITR-V for A.Y. 2010-11 has been extended upto 31.10.2011 or 120 days from the date of upload whichever is later.

Posted in Income Tax |   3 comments |   9609 Views


To Achieve the Target of Direct Tax Revenue Collections of Rs.8.3 Lakh Crore and Direct Tax to GDP Ratio at 7.62 % by 2014-15, CBDT to Continuously Evolve Processes

 08 September 2011 at 11:23

To Achieve the Target of Direct Tax Revenue Collections of Rs.8.3 Lakh Crore and Direct Tax to GDP Ratio at 7.62 % by 2014-15, CBDT to Continuously Evolve Processes, Procedures Innovative Ways of Taxation Especially Related to Cross Border Taxatio

Posted in Income Tax |   1 comments |   4806 Views


RBI Increasing Policy Rates to Contain Inflation

 08 September 2011 at 10:04

RBI has been increasing policy rates to contain inflation and inflationary expectation to prevent the economy from getting overheated. The Reserve Bank of India (RBI) has raised the policy rate (the repo rate) eleven times by a cumulative 325 basis

Posted in Community & General |   1 comments |   3801 Views


CWA - President Communique September, 2011

 07 September 2011 at 16:08

Progress of any nation depends on the way the country’s governance aligns with the social and economic environment, with the capability to support each other.

Posted in Community & General |   3705 Views


RTGS service charges for members

 07 September 2011 at 12:18

RBI/2011-12/166 DPSS (CO) RTGS No.388/04.04.002/2011-2012 September 05, 2011 Chairman and Managing Director / Chief Executive Officer of all RTGS participants Madam / Dear Sir, RTGS service charges for members As you are aware, the Re

Posted in Community & General |   4929 Views


CBDT has issued instructions handling over of charge

 07 September 2011 at 11:52

CBDT has issued instructions handling over of charge

Posted in Income Tax |   3228 Views


In 2010-11 the Increase in GDP over the Previous Year is 20.2% while the Corresponding Increase in External Debt is 15.9%

 07 September 2011 at 11:51

Details of India’s external debt and its annual growth rate, Gross Domestic Product (GDP) at market prices (at current prices) and its annual growth during the period 2008-09 to 2010-11 is given below: Year Exte

Posted in Community & General |   1 comments |   2337 Views


Modification in PPF Scheme: Deposit Limit Raised from Rs. 70,000 to Rs. One Lac while Rate of Interest on Advances Against Deposits in PPF Scheme Raised from 1% to 2 Percentage Points

 06 September 2011 at 18:09

The Committee on Comprehensive Review of National Small Savings Fund (NSSF) headed by Deputy Governor, RBI has recommended revision of certain provisions of PPF Scheme, 1968 and benchmarking of interest rates on various small savings schemes with

Posted in Community & General |   3 comments |   8046 Views


Reduction of Taxes on Petro-Products

 06 September 2011 at 18:03

With effect from 25th June, 2011, the Central Government has reduced basic customs duties on crude from 5% to Nil, on petrol and diesel from 7.5% to 2.5% and on other petroleum products from 10% to 5%. Similarly, the basic excise du

Posted in Community & General |   4 comments |   3441 Views


Government Takes Necessary Action to Protect Markets while Keeping Close Watch on Global Developments

 06 September 2011 at 18:03

The uncertainty in the global markets due to recent developments in United States of America (USA) and Eurozone has had some impact on major markets across the globe, including India. However, Indian markets were less affected as compared to some

Posted in Community & General |   2625 Views



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