CAclubindia News

Common Causes for rejection of DIN applications

04 June 2007 at 23:45

MCA NotificationBefore you fill-in application for DINPlease remember following common causes of REJECTIONS * Mismatch in the Name and Father's Name in DIN form with the ID (Identity) proof enclosed. The Name of the applicant should exactly match

Posted in Corporate Law | 5856 Views

Settlement Commission Members Appointed

03 June 2007 at 00:44

Settlement Commission four Members appointed30 May 07F.No. A.12026/1/2005-Ad.IGovernment of IndiaMinistry of FinanceDepartment of RevenueDated : May 30, 2007OFFICE ORDER NO 152/2007The President of India is pleased to appoint Shri Raj Kishore, Chief

Posted in Income Tax | 9426 Views

Acceptance of Return Form in Paper Form for Firms etc

02 June 2007 at 03:52

Acceptance of returns of income/ fringe benefits in paper form for assessment year 2007-08 in case of firms liable to audit under section 44AB and companies - reg. May, 29th 2007 Circular No. 03 / 2007F.No. 153/75/2007-TPLGovernment of IndiaMinistry

Posted in Income Tax | 4800 Views

8 per cent taxable bonds attract TDS from 1st June

01 June 2007 at 23:28

MUMBAI: Eight per cent taxable bonds, floated by the Government in 2003, will attract tax deduction at source (TDS) from today on interest exceeding Rs 10,000 in a year. "Tax is required to be deducted at source on the interest exceeding Rs 10,000 pa

Posted in Income Tax | 4065 Views

Taxhounds readying data bank to chase defaulters

01 June 2007 at 02:28

PAY your taxes honestly and in time. The income-tax department is now going whole hog after recovery of tax arrears. Asa part of this exercise, the Central Board of Direct Taxes is creatinga data bank of those asse

Posted in Income Tax | 3675 Views

Filing Form 16 not required for refund

01 June 2007 at 02:23

The Income Tax Department has said there was no need for appending 'Form16' - the statement of tax deducted at source - with the returns on income toavail of tax refunds. "Ataxpayer is not required to file any document relating to computation of in

Posted in Income Tax | 5070 Views

New Tax Laws to get rid of CAs

30 May 2007 at 06:52

How long have you been struggling to make sense of the Income Tax Act to tackle important issues in your life like the tax implications for funding higher education of your children or planning for retirement?Sure enough, only a tax professional woul

Posted in Income Tax | 5532 Views

Direct collection rises 128% in April

29 May 2007 at 05:25

Direct tax collection in April 2007 has shot up by over 128%, mainlydue to faster clearing of refunds by the income tax department during2006-07. Direct tax collection in April 2007 stood at Rs 5,441 crore,compared with Rs 2,381 crore in the correspo

Posted in Income Tax | 3033 Views

CFA Institute moves Delhi HC

29 May 2007 at 04:57

Stungby the missive from the All India Council for Technical Education(AICTE) to wind up its operations in India, the Chartered FinancialAnalyst (CFA) Institute has filed a petition in the Delhi High Courtseeking a stay on the notice, even as it has

Posted in Students | 5730 Views

Submit Form 16 for refunds: I-T Dept

27 May 2007 at 08:05

Press Trust of IndiaSunday, May 27, 2007 (New Delhi):Individual assessees have to submit Form 16 - a certificate of tax deducted at source - along with income tax returns to avail of timely payment of refunds, I-T Department officials say.However, if

Posted in Income Tax | 1 comments | 6531 Views