CAclubindia News

TRPs IN TROUBLE !

15 August 2007 at 06:28

The Tax Return Preparer (TRP) scheme of the Income Tax department is facing an uncertain future, or so it appears. A cross section of TRPs accept that the scheme has not generated much income. No wonder many are contemplating to quit. The pilot schem

Posted in Income Tax | 2 comments | 5019 Views

'TDS' on Director's 'LOANS'...!

14 August 2007 at 23:25

The Supreme Court has ruled that the companies have statutory obligation to deduct tax at sources (TDS) on interest payments for the loans taken in the name of its directors. The revenue department is empowered to impose interest on such a company fo

Posted in Income Tax | 3252 Views

Happy Independence Day!!!

14 August 2007 at 13:41

CAclubindia.com wishes all its members a very Happy Independence Day!!!!

Posted in Others | 2805 Views

ITR 8 in excel format released by Income tax dept

14 August 2007 at 06:21

<body><p>To download the same click on the link below<br><br>http://www.caclubindia.com/files_download.asp?files_id=930</p></body>

Posted in Income Tax | 5124 Views

What are the books of accounts?

14 August 2007 at 03:32

What are books of account? In a recent case, the Madras High Court concluded that P&L account and balance-sheet are not books of account as contemplated under the I-T Act. T. C. A. Ramanujam Computation of business income under the income-tax law has

Posted in Income Tax | 5703 Views

Auditors - Credit risk recognition

14 August 2007 at 03:27

Auditors are preparing for particularly careful scrutiny of companies' assumptions about valuation and the risks posed to their businesses in the light of current market volatility.Two of the Big Four UK accountancy groups have issued internal memos

Posted in Others | 3432 Views

E-filing Website will not work on August 15

14 August 2007 at 03:25

The INCOMETAX E-FILING website will be unavailable between 5pm on 14th August till 11 pm on 15th August on account of site upgradation work.

Posted in Income Tax | 2721 Views

'Capital-gains' & 'Tax-hunters' !

13 August 2007 at 23:16

Owning land away from city limits may be a good idea to keep away from the madding crowd - but not so much from taxes. As the penchant for a house with that green patch grows even in smaller cities, the income-tax department is mulling over enhancing

Posted in Income Tax | 2886 Views

MEF date extended

13 August 2007 at 08:20

Last date for submission of MEF for the year 2007-08 extended to August 21, 2007.Last date for receipt of hard copy of duly signed declaration extended to August 31, 2007.

Posted in Audit | 4887 Views

ITR 6 in excel format released by Income tax dept

12 August 2007 at 05:40

ITR 6 in excel format released by Income tax deptClick on the link below to download http://www.caclubindia.com/files_download.asp?files_id=916

Posted in Income Tax | 22581 Views