CAclubindia News

Economic survey 2007-08

28 February 2008 at 13:00

To download the economic survey click on the link belowhttp://www.caclubindia.com/share_files/files_display.asp?files_id=5086

Posted in Income Tax | 2415 Views

COMMON PROFICIENTY TEST - TWICE A YEAR

28 February 2008 at 09:35

As per the decision of the Council of the Institute, Common Proficiency Test (CPT) examination will henceforth will be held twice a year in the months of June and December every year, instead of four times in the months of February, May, August and N

Posted in Students | 2 comments | 5472 Views

Highlights of Railway Budget-2008

26 February 2008 at 17:52

Following are the highlights of Railway Budget 2008 being presented in Parliament right now:- First Class AC fares reduced by 7%, Second AC by 4% and Third AC by 3%- Second class fares cut by 5%- 53 new trains, 10 Garib Raths -&n

Posted in Income Tax | 3744 Views

Should dividend remain exempt from IT

22 February 2008 at 09:24

The industry andhigh-income taxpayers abhor a tax on dividends. They say it would amount todouble taxation. The argument is that it is wrong to tax the same income twice,once when it is earned by companies and then in the hands of the shareholders a

Posted in Income Tax | 1 comments | 8598 Views

TDS may cover more incomes

20 February 2008 at 17:11

TDS may cover more incomes The upcoming Budget is expected to bring more income heads in the ambit of tax deducted at source (TDS). The scope of TDS may be expanded to include more trades and professions. At present, the TDS net covers income fr

Posted in Income Tax | 1 comments | 6150 Views

CPT result on 26th feb

20 February 2008 at 16:08

The result of the Common Proficiency Test held on 3rd February, 2008 is expected to be declared on Tuesday, the 26th February, 2008 around 12 Noon and the same as well as the merit list (candidates securing a minimum of 60% and above marks and upto t

Posted in Students | 8226 Views

Tax Refund on 3 new services for Exporters

20 February 2008 at 16:07

The service tax refund scheme for exporters has been extended by the Finance Minister, to three more services, but stopped short of including 14 other areas for a similar relaxation. 13 services used by exporters have been made eligible for refund of

Posted in Income Tax | 4110 Views

Tax Exemption for Co-op banks may come up::

19 February 2008 at 19:52

Income generated from agricultural advances by state cooperative banks and district central cooperative banks is likely to be exempted from tax from 2008-09. The finance ministry is considering a proposal to this effect in order to boost farm sector

Posted in Income Tax | 3606 Views

Gratuity - a Right not Bounty

16 February 2008 at 11:34

Gratuity - a Right not Bounty The Supreme Court has ruled that, Gratuity is an inalienable right of an employee and not a bounty or reward that is offered by the management, A Bench of Justices S B Sinha and H S Bedi said that when a benefit is

Posted in Income Tax | 6234 Views

Bhave will head Sebi

16 February 2008 at 10:12

The new head of India's stock market regulator is the first person with a background in stock market regulation to be named to the position and while some experts say he is just the man for the job, others point to the significant challenges he will

Posted in Shares & Stock | 5472 Views