CAclubindia News

Myth or Reality-Low tax collection cost?

12 August 2007 at 02:37

The I-T department should work out the cost of collection after excluding the tax collected at pre-assessment stages. T. N. Pandey One of the achievements for which the Income-Tax (I-T) department takes considerable credit is the low cost of collecti

Posted in Income Tax | 4281 Views

High power committee to inquire into CPT paper leak

11 August 2007 at 08:39

Council Affairs/M-626/ 2007 9th August, 2007 ALL MEMBERS OF THE COUNCIL Dear Sir/Madam, I wish to inform you that the President, in terms of the authoritygiven to him by the Council at its 266th meeting held

Posted in Students | 3780 Views

CA aspirants to get help from ICFAI's B.Com course

11 August 2007 at 01:40

The Institute of Chartered Financial Analysts (ICFAI), Tripura, has developed the BCom (professional accounting track) programme. This course is aimed at those students who wish to pursue the chartered accountant programme simultaneously. This progra

Posted in Students | 7284 Views

COMPARATIVE SCRUTINY GUIDELINES

11 August 2007 at 01:23

To download the comparative scrutiny guidelines click on the link belowhttp://www.caclubindia.com/files_display.asp?files_id=898

Posted in Income Tax | 2 comments | 6855 Views

Supreme Court on 'bank guarantees' & 'letter of credit' !

10 August 2007 at 06:12

In a significant ruling, the Supreme Court has laid down guidelines for encashment of bank guarantee or letter of credit. A bench comprising justice Tarun Chatterjee and justice PK Balasubramanyan said, "We find that the following principles should b

Posted in Others | 9054 Views

Now PAN card might be compulsory for all bank transaction

10 August 2007 at 04:14

Another step to curb black money transactions. Inanother step to keep closer tabs on financial transactions and curb black moneytransactions, the government is planning to make quoting the permanent accountnumber (PAN) mandatory for all transaction

Posted in Others | 4464 Views

Dissemination of information on 'Debentures' !

08 August 2007 at 23:05

It has been decided that the companies issuing debentures and the respective debenture trustees/stock exchanges shall disseminate all information regarding the debentures to the investors and the general public. Debenture trustee shall disclose the

Posted in Corporate Law | 4302 Views

Angry students protest re-scheduling of CPT

08 August 2007 at 09:42

Express News ServiceAhmedabad, August 7: ATLEAST 60 students who appeared for the Common Proficiency Test - the first level of examinations for the Chartered Accountancy course- protested on Tuesday against the decision of the Institute of Chartered

Posted in Students | 5592 Views

Tax should be paid on Gross or Net Income????

08 August 2007 at 05:57

Salaried people now pay income-tax on their gross income while businessmen, self-employed persons and others pay tax on their net income, even as the income-tax exemption limit is the same for everyone. This gross injustice needs to be removed. As pe

Posted in Income Tax | 3390 Views

Retailers Rosy days out-IT Dept

08 August 2007 at 05:48

The party for retailers taking space in malls may soon end with the tax sleuths on prowl to check evasion of tax deducted at source (TDS) by them. Income-tax department is laying special emphasis on tightening of TDS administration, as these payments

Posted in Income Tax | 2994 Views