The ICAI has already constituted a group to review he ceiling of 30 Tax Audits and the report was expected to be submitted by 30/11/2006. The report must have...
Hi Srinivas I am CA Suvarna Shenolikar.New member of the group.please do send me copy of draft AS5 it's great to be amember of such an interactive group. ...
Hi All, Can you help me getting the answer. Question 1. I have worked in India for 4 years and now they have to release my PF as I no longer work in India. So...
*SPECIAL ECONOMIC ZONE ( S E Z )*** *FREQUENTLY ASKED QUESTIO**NS* *Q. What is a Special Economic Zone ?** * Special Economic Zone (SEZ) is a specifically...
DEAR MEMBERS REQUEST THE MEMBERS TO EXPRESS THEIR VIEWS ON THE VOLUNTARY E-FILING OF RETURNS FORM NO. 2, 3B ETC. PARTICULARY WITH RESPECT TO THE FOLLOWING; ...
Raise I-T exemption limit to Rs 2 lakh & tax the rich to bridge deficit: trade unions POLITICAL BUREAU Posted online: Saturday, December 30, 2006 at 0000 hours...
*Mukesh Ambani to contest IT notice* Kolkata, Dec. 31 (PTI): Reliance Industries chairman Mukesh Ambani would contest the income tax notice requiring him to...
Disputes often break for reasons beyond our control. However, `quick resolution of any commercial dispute is necessary for smooth functioning of business and...
Income Tax Update - 2006 DTAA between India and the Kingdom of Norway [No.368] The Income Tax Ombudsman Guidelines 2006 The Tax Return Preparer Scheme, 2006...
Dear Friends, Wishing you a very happy new year. May year 2007 bring a lot of happiness, peace and prosperity in your life. May your all dreams come true. I...
When earned leave encashment is recevied from two or more employers Where the cash equivalent of unutilised earned leave is received by an employee from two...
Nov no 1 Income Tax: CBDT streamlines procedure for approvals to scientific research institutions under section 35(1)(ii) & 35(1)(iii) of the Income Tax Act ...
Tax relief for intra-corporate advances December, 29th 2006 In a far-reaching judgement on intra-corporate advances, the Supreme Court has held that tax cannot...
summary of taxation changes during the year is is available on http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=4764# With...
I think it is still better to go for manual filing rather than e-filing for non-corporate. The question which you are raising will be answered within few...
Most of what we do with respect to tax saving, planning, investment whichever way you call it is going to be of little or no use in years to come. The returns...
Suppose I were to offer you a job and I say that, "You have a choice on compensation. Either you take Rs 25,000 fixed salary or you take Rs 15,000 fixed and...
PSBs open new a/cs to boost deposits MAHUA VENKATESH Posted online: Wednesday, January 03, 2007 at 0119 hours IST NEW DELHI, JAN 2: Public sector banks have...
Dear Professional Colleagues Wish you a very happy and prosperous new year. I am in need of a step-wise summary for winding up of a company as per Indian...
Hi Friends One of my client having service tax liablity exceeding Rs 50 Lakh but he has not oppened account for making payment through internet Banking....
*Foreign law firms may argue in India* *January, 05th 2007* The Centre has initiated talks with countries, including the UK, on modalities for allowing their...
Hi I wish to know what are the complications exists in the following situation. A company wants some of the employees to work in multiple roles in the same ...
*CPI(M) wants Centre to reintroduce capital gains tax, target rural rich* *January, 05th 2007* The CPI-M on Thursday made a strong demand for re-introduction...
*I-T sops on income from asset firms likely* *January, 05th 2007* The government may exempt investments in asset reconstruction companies (ARC) from income tax...
*Banks want RBI to pick their auditors* *January, 05th 2007* In a strange turn of events, nationalised banks have spurned a Finance Ministry offer to let them...
*Taxman launches surveys to net evaders* *January, 05th 2007* This is not good news for tax evaders on New Year Day. The heat will be on tax-dodgers in the...
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