CAclubindia News

80C benefit may be increased to 2 lac..

08 August 2007 at 05:31

Additional tax-saving avenues are on their way. A Securities & Exchange Board of India committee has proposed tax exemptions up to Rs2 lakh under Section 80 C of the Income Tax Act, as against the current limit of Rs1 lakh. The only caveat is that th

Posted in Income Tax | 4986 Views

New IT Code by December !

08 August 2007 at 05:15

New I-T code to be tabled before December!Finance Minister P Chidambaram has been working on drafting the code, which after being tabled in Parliament, will have to go through a process that will take quite some time before it is passed. The new inco

Posted in Income Tax | 2931 Views

How satisfied are you with your profession!!!

08 August 2007 at 05:13

Accountants more satisfied than tax expertsTax advisers come 42nd in a poll of job satisfaction, belowmanagement accountants - but above lawyersKevin Reed, Accountancy Age 07 Aug 2007Management and chartered accountants have higher job satisfactionth

Posted in Career | 3255 Views

Long term capital exemption may go ...

07 August 2007 at 23:19

The Central Board of Direct Taxes (CBDT) is considering a proposal to restrict the exemption on long-term capital gains only to companies constituting the BSE-500 index. At present, the exemption under Section 10 (38) is allowed on transactions of sh

Posted in Income Tax | 2922 Views

Cost Inflation Index for Financial Year 2007-08

07 August 2007 at 04:59

The Cost Inflation Index for the Financial Year 2007-08 has been notified as 551 vide NOTIFICATION NO. 214/2007, DATED 3-8-2007.

Posted in Income Tax | 8139 Views

ITR-5 released in Excel Format by Income tax Dept

06 August 2007 at 10:01

The Income Tax department has devised ITR-5 in Excel format. To download the file click on the link given below.. http://www.caclubindia.com/files_display.asp?files_id=893

Posted in Income Tax | 4176 Views

CPT RE-EXAM ON 26TH OF AUGUST

05 August 2007 at 14:05

EXAMINATIONS HELD ON 5 AUGUST STANDS TO BE CANCELLED AND RE EXAM WILL BE CONDUCTED ON 26TH OF AUGUST 2007 (ALL OVER THE COUNTRY)LINK OF ICAI NOTIFICATIONhttp://www.icai.org/icairoot/announcements/announ1098.html

Posted in Students | 5637 Views

CPT paper leaked

05 August 2007 at 03:23

New Delhi: For the first time in 57 years, the question paper for the Common Proficiency Test (CPT) to be conducted by the Institute of Chartered Accountants of India (ICAI) has been leaked.Following a sting operation conducted by a private news chan

Posted in Career | 13290 Views

E-PAYMENT MADE MANDATORY FOR CORPORATES

04 August 2007 at 23:24

E-PAYMENT MADE MANDATORY FOR CORPORATESThe office of the Andhra Pradesh Chief Commissioner of Income Tax today informed that e-payment of Direct Taxes was mandatory for Corporate Tax payers and those coming under the purview of Sec 44 AB, with effect

Posted in Income Tax | 3381 Views

CBI registers a case against former Director General (Income Tax) and conducts raids

04 August 2007 at 22:50

CBI registers a case against former Director General (Income Tax) and conducts raids The Central Bureau of Investigation has registered a case against a former Director General (Investigation), Income Tax, Pune, an Income Tax Officer & othe

Posted in Income Tax | 3321 Views