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Credit card, share details requisite on new ITR form
26 July 2007 at 06:44As the last date for filing income tax returns approaches near, therush to fill new ITR forms is building up. And so is the confusionamong tax payers who do not find the new tax form an easy deal.Last year, when the Income Tax department introduced t
IT Offices to remain open on 28 & 29 July 2007 for accepting return
25 July 2007 at 12:14F.No.220/3/2007- ITA-IIGovernment of IndiaMinistryof FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, the 24thJuly, 2007. Order under Section 119 (1) of the Income Tax Act, 1961. Thedue date for filing of return of income withi
FM on tax compliance !
24 July 2007 at 22:38The Finance Minister, Mr. P. Chidambaram, said that tax rates have been moderate in the country and that more people are complying with taxation laws."I take legitimate pride in being part of the team that moderated taxes since 1991. More people are
Burden on burden - new tax return forms
23 July 2007 at 09:04A.P. TAX BAR ASSOCIATION - HIGHLY CRITICAL OF NEW INCOME TAX RETURN FORMS.Several years back the Income Tax Return forms were bulky and required the services of An expert for filling it. But with the onset of liberalisation the I.T.Return forms got
ICAI to adopt global standards from 2011
23 July 2007 at 03:36The Institute of Chartered Accountants of India (ICAI) has decided to fully converge with the international financial reporting standards (IFRS) from April 1, 2011. The IFRS are issued by the International Accounting Standards Board. A work plan woul
Did not spare Patent n Trademark Applications for E-filing!!
23 July 2007 at 03:18The government has launched a facility for e-filing of patent and trademark applications to expedite the process of securing exclusive rights over a product or trading symbol."With the launch of e-filing facilities, applicants can file their patent a
Closing price on vesting day may fix FBT on Esops
20 July 2007 at 03:44The finance ministry may settle for the closing price of shares of alisted company on the stock market on the day the scrips are vestedwith employees to decide valuations for the fringe-benefit tax (FBT).The ministry will soon issue guidelines on how
I-T Dept gearing up to check tax evasion
19 July 2007 at 07:51The Income Tax Department is gearing up to prepare a 360-degree taxprofiling of individual tax payers in the country to keep a tab on taxevasion and money laundering. "FinanceMinister has given a go-ahead for integrated 360-degree mapping ofindividua
No extension of IT return date
19 July 2007 at 07:48Finance Minister P Chidamabram on Tuesday ruled out extending the datefor submitting income tax returns and asked tax payers to file theirreturns by July 31. "No chance. I suggest you file (I-T returns) today. Don't waituntil the last day. Please fil
Biometric PAN cards to arrive shortly
17 July 2007 at 11:59Biometric PAN cards to arrive shortly Press Trust of India / New Delhi July 17, 2007 All the new income tax payers in the country will soon begin to get biometric permanent account number (PAN) cards with enhanced security features like fingerpri
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