CAclubindia News

Direct tax growth highest in Mumbai

21 December 2007 at 23:13

Direct tax collections continued to record a growth of over 40 percent for the period 1st April to 15th December 2007. According to provisional data, net tax collections stood at Rs.1,64,407 crore, up from Rs.1,15,377 crore during the same period las

Posted in Income Tax | 3459 Views

Professional tax ceiling may be raised

21 December 2007 at 23:05

Professionals, both salaried and self employed, as well as traders should be prepared to pay more tax. The Centre is considering amending the Constitution to raise the ceiling on professional tax from Rs 2,500 per annum at present to Rs 5,000.The tax

Posted in Income Tax | 1 comments | 11220 Views

Last date for filing return extended to feb 29

17 December 2007 at 17:03

The government is extending the due date of filing of income tax return to February 29, 2008. The centre on Friday informed the Supreme Court that the due date for of filing of income-tax return was being extended in view of the confusion regarding f

Posted in Income Tax | 5 comments | 18546 Views

BANK EMPANLEMENT ..CATEGORY..HOSTED ::

13 December 2007 at 08:05

"RBI Panel is being submitted in two phases. First list is expected to be hosted by Monday, December 10, 2007. Members/ Firms falling in 1st list can check their category by inputting their MEF No. The second list is under preparation and expected to

Posted in Audit | 17076 Views

ICWAI NEW REVISED SYLLABUS 2008

11 December 2007 at 17:43

NEW SYLLABUSThe Institute has taken a very positive approach towards providing high standard of education and training to the students andarranging continuous development programmes for the members. The new syllabus has been framed following the Inte

Posted in Others | 3 comments | 46104 Views

Finance Ministry favours moderate income tax rates

07 December 2007 at 12:36

The Finance Ministry appears to be favorably inclined toward moderating income tax rates in view of the over 40 per cent growth in direct tax collections. "With improvement in voluntary tax compliance and tax administration, direct tax collections ar

Posted in Income Tax | 4 comments | 9921 Views

Professionals cannot claim Sec 32 tax benefit::SC

30 November 2007 at 17:05

NEW DELHI: The Supreme Court said on Tuesday professionals cannot claim depreciation under Section 32 of the Income Tax Act. The Section is applicable to an assessee carrying on business and not to a professional, the apex court said, dismissing an a

Posted in Income Tax | 10 comments | 17682 Views

CPT results to be declared on 30th Nov

28 November 2007 at 19:04

The result of the Common Proficiency Test held on 4th November 2007 is expected to be declared on Friday, the 30th November 2007 around 12 Noon and the same as well as the merit list (candidates securing a minimum of 60% and above marks and upto the

Posted in Students | 7983 Views

'ONE PERSON COMPANY' MAY APPEAR SOON ::

27 November 2007 at 08:41

The draft Companies Bill, 2007, has proposed a new entity called a one-person company (OPC) as a measure to provide start-up entrepreneurs and professionals the much- needed flexibility in setting up a business in India. The onerous compliance req

Posted in Corporate Law | 1 comments | 16116 Views

Supreme Court UPHELDS AS 22

21 November 2007 at 08:04

Apex court upholds new accounting standardsNew Delhi November 21, 2007The Supreme Court has upheld the revised accounting standards AS 22 issued by the Institute of Chartered Accountants of India which has been made mandatory for all the companies li

Posted in Accounts | 2 comments | 14838 Views