CAclubindia News

People rush to file IT return on time

31 July 2007 at 11:59

With July coming to an end, taxpayers across the country have joined queues to beat the last date for filing returns. Thisyear the last date for filing income tax returns for the AssessmentYear 2007-08 for salaried and non-audit business cases is Jul

Posted in Income Tax | 3429 Views

Targets set-"VAT n STT data to trace Tax evasion!!!"

30 July 2007 at 07:10

NEW DELHI: If you are planning to buy a large quantity of shares in a blue-chip company, better get your account books right. The government may soon use the security transaction tax (STT) data to track cases of income tax evasion. The Central Board

Posted in VAT | 9291 Views

TRP's Vs CA's!!!!!!

30 July 2007 at 06:22

The government's much-touted scheme to certify Tax Return Preparers (TRPs) to feed a growing demand from taxpayers and assesses has got off to a shaky start in its first year. More than 3,700 TRPs trained for free by the government are still finding

Posted in Income Tax | 10284 Views

Employer did not deduct TDS..what to do??

29 July 2007 at 07:39

Employer does not credit TDS to Govt - Can it be recovered again from employee by Income Tax? No, says Bombay HC MUMBAI, JULY 26, 2007 : BEWARE your employer may run away with your TDS or refuse to give you a TDS certificate! What happens then? Here

Posted in Income Tax | 8829 Views

PROCEDURE FOR SELECTION OF CASES FOR `SCRUTINY' FOR NON-CORPORATE ASSESSEES

28 July 2007 at 10:24

PROCEDURE FOR SELECTION OF CASES FOR `SECRUTINY' FOR NON-CORPORATE ASSESSEES In supercession of earlier instructions on the above subject the Board herebylays down the following procedure for selection of returns / cases of Non-Corporate Assessees fo

Posted in Income Tax | 3 comments | 35652 Views

ICAI - E-filing issues taken by ICAI with CBDT

28 July 2007 at 10:22

FOR THE KIND ATTENTION OF THE MEMBERS Re: E-filing of Income-tax Return Forms The Fiscal Laws Committee has recently submitted to the CBDT the selected issues on e-filing of income-tax return forms. Further issues would also be forwarded shortl

Posted in Income Tax | 8166 Views

CBDT Circular No5/2007 on matters connected to New Return Forms

28 July 2007 at 02:34

New Return Forms for Assessment Year 2007-08 matters connected thereto reg.CIRCULAR NO. 5 / 2007, DATED 26-7-2007The Central Board of Direct Taxes, vide notification S.O. No.762(E) dated 14th May, 2007 have notified following new return forms for ass

Posted in Income Tax | 6159 Views

Announcement Nov 2007 Examination

27 July 2007 at 02:51

Dear AllDetails about november 2007 examination published in ICAI website.Exams starts from 1st November till 10th November.Applications will be available in regional centres from 3rd August 2007.Prashanth

Posted in Students | 4218 Views

CA students may skirt BCom subjects

27 July 2007 at 00:46

THE Institute of CharteredAccountants of India (ICAI) and Netaji Subhas Open University (NSOU) inked amemorandum of understanding (MoU) on Wednesday, by which NSOU will grantexemptions to CA students from learning the common subjects of study in itsB

Posted in Students | 10611 Views

Writ Petition against ITRs!!!

27 July 2007 at 00:02

A writ petition has been filed today in the Lucknow Bench of Allahabad High Court, challenging the notification amending the Income Tax Act for providing of the new format of the Income Tax Returns. After considering the matter, the Income

Posted in Income Tax | 3600 Views