CAclubindia News

Income-tax return preparers..here they come

25 May 2007 at 02:46

The Finance Minister, Mr P. Chidambaram, has advised the first batchof income-tax return preparers to stay up-to-date with tax laws andperiodically go in for refresher courses to be in tune with changes intax laws.

Posted in Income Tax | 4377 Views

Now CAs can also do CFA

23 May 2007 at 01:06

After nearly two decades, the Institute of Chartered FinancialAnalysts of India (ICFAI) has won the `chartered' row against the ICAI(Institute of Chartered Accountants of India). In a decision dated May 16, the apex court ruled in favour ofthe Hydera

Posted in Students | 9567 Views

TDS collections to be transparent

23 May 2007 at 00:57

Income Tax (IT) department is all set to make collections through Tax Deductionat Source (TDS) more transparent. After making it mandatory for government andcorporate organisations to file TDS returns online, the department has nowdecided to extend s

Posted in Income Tax | 3720 Views

Seven More Taxable Services w.e.f 1st June 2007

22 May 2007 at 21:09

PTI[ TUESDAY, MAY 22, 2007 07:39:59 PM] NEW DELHI: Seven more services such as commercial property renting, fax, pager and content for telecom will become costlier from June 1 with the government bringing these services under the tax net. This will t

Posted in Service Tax | 7035 Views

Service Tax Notifications --New

20 May 2007 at 01:23

Notification No. 17/2007-Service Tax, Dated 12-5-2007 Notification No. 18/2007-Service Tax, Dated 12-5-2007 Notification No. 19/2007-Service Tax, Dated 12-5-2007 Notification No. 20/2007-Service Tax, Dated 12-5-2007 - (Service Tax (Third Amendment

Posted in Service Tax | 7734 Views

Rules for new IT forms

20 May 2007 at 01:19

INCOME-TAX (FOURTH AMENDMENT) RULES, 2007NOTIFICATION NO.169/2007, DATED 14-5-2007 In exercise of the powers conferred by section 295 of the Income Tax Act, 1961 (43 of 1961) (hereinafter referred to as the Act), the Central Board of Direct Taxe

Posted in Income Tax | 7116 Views

Taxmen to scrutinise more cases of returns

18 May 2007 at 00:19

The income tax department is planning to intensify scrutiny procedures and take up more cases of scrutiny of returns.A finance ministry official told FE, "We are trying to simplifyassessment methods. But at the same time, we plan to give more e

Posted in Income Tax | 4104 Views

Trusts have to apply for income tax exemption by May 31

18 May 2007 at 00:08

A charitable or religious trust or institution,which wants to be condoned for delay in earlier years in registrationunder the Income Tax Act for exemption, can file its application by May31. Registration under Section 12 A of the Act is a pre-conditi

Posted in Income Tax | 4401 Views

Hassles in new forms

18 May 2007 at 00:00

Hassle-free assessment may be difficult, as the new forms have a fairshare of ambiguities and inconsistencies.

Posted in Income Tax | 5688 Views

I-T department probing tax evasion through duplicate PANs

17 May 2007 at 13:23

The income tax department is probing tax evasion cases done through duplicate permanent account numbers (PANs), including over 100 cases detected by the Delhi Police. The sources said the I-T department has obtained information from Delhi Police auth

Posted in Income Tax | 3615 Views