-
Posted Date : 13-Jul-2011 , 09:46:20 pm | Posted By CASANSAAR
The Ministry of Finance has decided to extend the terms of reference of the Task force which was constituted under the Chairmanship of Shri Nandan Nilekani, Chairman, Unique Identification Authority of India (UIDAI) to recommend and implement a solution for direct transfer of subsidies on Kerosene, ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 570
-
Posted Date : 13-Jul-2011 , 01:56:10 pm | Posted By CASANSAAR
The results of the Chartered Accountants Final Examination held in May, 2011 and Common Proficiency Test (CPT) held in June, 2011 are likely to be declared on Tuesday, the 19th July, 2011, around 2:00 PM for more detail visit http://220.227.161.86/23307res​ult130711.pdf...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1424
-
Posted Date : 13-Jul-2011 , 07:28:19 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) is believed to have turned down the request of Mahindra Satyam to fully adjust taxes paid by its erstwhile owner Ramalinga Raju on fictitious income. Tech Mahindra had acquired Satyam Computer, after a multi-crore accounting fraud in the company came...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 541
-
Posted Date : 12-Jul-2011 , 07:07:57 am | Posted By CASANSAAR
Payments to a foreign company for uploading banner advertisements on portals are not liable to be taxed in India, the Income Tax Appellate Tribunal (ITAT) has ruled in an appeal filed by software company Yahoo India. Such payments are not in the nature of royalty and, therefore, do not come under th...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1284
-
Posted Date : 11-Jul-2011 , 12:11:36 pm | Posted By CASANSAAR
Empowered CIB to play lead role in recovering tax evaded. Third-party information related to high-value transactions in immovable properties would be one of the focus areas of the Income Tax (I-T) Department this year, for tracking tax evasion and generating additional tax revenues. ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 731
-
Posted Date : 10-Jul-2011 , 10:18:01 pm | Posted By CASANSAAR
After Swan and Unitech Wireless, the Income Tax Department is looking into the tax implications of a deal between Datacom solutions and the Videocon Group after the former was allotted 2G licences in 21 circles for Rs 1,507 crore in 2008. In a complex structure, Videocon Telecommunications was origi...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 427
-
Posted Date : 10-Jul-2011 , 08:34:24 am | Posted By CASANSAAR
Now railway passengers can get their e-tickets on their cell phones instead of normal print-outs. Named as 'm-ticket', the mobile phone-based ticket booking system envisages a passenger to book his train ticket through mobile phones and carry the display ticket, sent to his cell phone throu...
Continue Reading... Category : Income Tax | Comments : 1 | Hits : 1235
-
Posted Date : 08-Jul-2011 , 07:30:39 am | Posted By CASANSAAR
The Supreme Court on Thursday directed that the order of the Central Board of Direct taxes (CBDT) with regard to its multi crore tax demand from Mahindra Satyam Computer will not come into effect for two weeks. The order of the Apex Court headed by Chief Justice of India SH Kapadia, Justice...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 538
-
Posted Date : 08-Jul-2011 , 07:27:39 am | Posted By CASANSAAR
The country's direct tax collection has increased almost 24 percent in the first quarter of the current fiscal year and stood at Rs.104,136 crore as compared to Rs.84,041 crore in the like period of last fiscal, official data showed on Thursday. According to the figures released by the finance minis...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 461
-
Posted Date : 07-Jul-2011 , 12:50:34 pm | Posted By CASANSAAR
Smelling the possibility of major tax evasion and routing of unaccounted income, the income tax department has started re-opening cases pertaining to the sale of sites in Special Economic Zones (SEZs) by developers, especially to associated entities. A senior I-T department official associated with...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 318
-
Posted Date : 07-Jul-2011 , 07:39:21 am | Posted By CASANSAAR
Belying slowdown fears, the government’s net indirect tax receipts recorded 32 per cent increase to Rs 76,499 crore, while gross direct tax collections rose about 23 per cent to Rs 1,03,000 crore in the first quarter ending June 2011. Net direct tax receipts, however, showed about 17 per cent ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 612
-
Posted Date : 06-Jul-2011 , 07:23:17 am | Posted By CASANSAAR
The Reserve Bank of India on Tuesday put a limit on how much banks can invest in liquid and short term schemes of mutual funds, a decision that can impact adversely the assets under management (AUM) of fund houses that rely heavily on money flows from banks. The central bank said that a ban...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 389
-
Posted Date : 05-Jul-2011 , 11:03:10 am | Posted By CASANSAAR
The Mumbai income-tax department, which accounts for 35-40 % of the country's total tax collections, is planning to collect 17.2% more corporate tax than last year, as revenue authorities expect buoyancy in the economy seen last year, to continue. The projected corporate tax collection from Mum...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 232
-
Posted Date : 04-Jul-2011 , 02:35:39 pm | Posted By CASANSAAR
Australia's tax-collector plans to target foreign companies in a renewed crackdown on tax avoidance, with special focus on firms that shift profits offshore to minimise local tax. The Australian Tax Office, one of the world's most aggressive tax agencies, outlined profit-shifting and mult...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 356
-
Posted Date : 04-Jul-2011 , 07:27:08 am | Posted By CASANSAAR
L Vijayaraghavan, a city-based chartered accountant, has been sentenced to undergo rigorous imprisonment for seven years by the Additional Chief Metropolitan Magistrate (Economic Offences CourtI) in Egmore here, for forging a challan. The charge against the CA was that while submitting his ...
Continue Reading... Category : Income Tax | Comments : 1 | Hits : 2028
-
Posted Date : 04-Jul-2011 , 07:19:15 am | Posted By CASANSAAR
In a bid to ensure transparency in their functioning, a format for accounting and auditing of income and expenditure of political parties has been submitted to Election Commission by the Institute of Charted Accountants of India, a top ICAI official has said. The implementation of the unifo...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 358
-
Posted Date : 03-Jul-2011 , 06:43:02 pm | Posted By CASANSAAR
Major public sector banks, including State Bank of India, Punjab National Bank and Bank of Baroda, are likely to soon raise lending rates making home, auto and commercial loans expensive. As many as a dozen banks, including private sector leader ICICI Bank have already hiked their lending r...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 300
-
Posted Date : 02-Jul-2011 , 09:09:14 pm | Posted By CASANSAAR
Income-Tax (Sixth Amendment) Rules, 2011 – Amendment in Rule 12 Notification No. 37/2011 [F. No. 149/68/2011-So (Tpl)], Dated 1-7-2011 In exercise of the powers conferred by section 295, read with section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1106
-
Posted Date : 02-Jul-2011 , 07:23:09 am | Posted By CASANSAAR
IT major TCS's Chairman Ratan Tata today said the company has not received any scrutiny notice from the Income Tax Department for claiming tax benefits on its onshore services. "We have not received any such notice. I am not too sure of the veracity of that report. Unfortunately, people read these r...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 369
-
Posted Date : 30-Jun-2011 , 10:11:00 am | Posted By CASANSAAR
To speed up clearances of tax exemption cases, the Central Board of Direct Taxes (CBDT) will set up 11 more specialised offices in the country. "CBDT plans to have directorate [exemptions] in all the states and to begin with we will be setting up 10-11 new directorates," a revenue official ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 327
-
Posted Date : 30-Jun-2011 , 09:50:32 am | Posted By CASANSAAR
Be ready to mandatorily flash your PAN card, for any purchase of jewellery worth Rs five lakh or more from tomorrow -- a move that would help the tax department keep an eye on such high value transactions. As per the amendments in the income tax rules, coming into effect from July 1, ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 784
-
Posted Date : 30-Jun-2011 , 09:17:50 am | Posted By CASANSAAR
In a bid to tighten the noose around defaulters, the Income Tax Department will set up a centralised system to identify entities which deduct tax at source but do not deposit it with the government. "This Centralised Processing Centre (CPC) would be set up to process TDS (tax deducted at so...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 605
-
Posted Date : 29-Jun-2011 , 10:29:17 am | Posted By CASANSAAR
Terming the USD 2.6 billion tax liability on the company as "inequitable", UK-based Vodafone today questioned the Indian authorities for not raising the tax claim on the party (Hutchison) which made profit by selling its stake. Vodafone exuded confidence that there was no tax payable on its...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 259
-
Posted Date : 29-Jun-2011 , 08:37:03 am | Posted By CASANSAAR
It's rare to see leaders of various religious sects getting together for a common cause. On Tuesday, members of Hindu, Muslim, Jain, Parsee, Swaminarayan and Christian trusts came together under a federation to voice their protest against propositions in Direct Tax Code (DTC). The soon to come new ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 543
-
Posted Date : 28-Jun-2011 , 09:47:24 am | Posted By CASANSAAR
Its dream of creating special enclaves for exports in tatters because of changes in tax laws, the commerce ministry has decided to plead its case before the parliamentary standing committee looking into the direct taxes code bill during the monsoon session that begins in a month. An exporters' ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 404
-
Posted Date : 27-Jun-2011 , 10:30:31 am | Posted By CASANSAAR
India has come under criticism for imposing fresh taxes on international air travellers in the current budget, with global aviation experts terming it as an easy "financial grab" that would affect the economy in the long run. "While taxes provide a tangible short-term revenue boost to the gove...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 499
-
Posted Date : 27-Jun-2011 , 07:56:52 am | Posted By CASANSAAR
The government may be pulling all stops to dismiss the controversy over suspected bugging of finance minister's office as a "non-event", but the dust has not quite settled. After the media reports on Chewing Gum Gate, the Intelligence Bureau, or IB, has discreetly reopened the inquiry into facts tha...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 234
-
Posted Date : 25-Jun-2011 , 07:52:11 am | Posted By CASANSAAR
Online income tax return filing company TaxSpanner today announced launch of mobile version of its solution that would enable users to file income tax returns (ITR) from their handset. "After introducing the eFile by eMail option where customers need to just send us an email with a few deta...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1026
-
Posted Date : 25-Jun-2011 , 07:33:47 am | Posted By CASANSAAR
India and Singapore on Friday amended their Double Taxation Avoidance Agreement (DTAA) to enable more effective mutual exchange of banking and tax related information. Under the DTAA amendment protocol, which was signed here by Central Board of Direct Taxes (CBDT) Chairman Prakash Chandra a...
Continue Reading... Category : Income Tax | Comments : 1 | Hits : 322
-
Posted Date : 24-Jun-2011 , 08:04:43 am | Posted By CASANSAAR
Salaried individuals with taxable income of less than Rs 5 lakh will not have to file income-tax returns in the current assessment year. The finance ministry notified the scheme on Thursday, spelling out the conditions for the exemption announced in the Budget for 2011-12. Individuals with total tax...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 808
- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
- Bank Branch Audit 2020 Updates
- Bank Branch Audit 2021 Updates
- Bank Branch Audit 2020 - Update on Allotment of Branches
- Police Atrocities towards CA in Faridabad - Its Time to be Unite
- Bank Branch Statutory Audit Updates 2019
- Bank Branch Statutory Audit Updates
- Bank Branch Audit 2022 Updates
- Bank Branch Statutory Audit Updates
- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
- ICAI notifies earlier announced CA exam dates despite pending legal challenge before SC
- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
- NFRA Slaps Rs 5 lakh Penalty on Audit Firm for lapses in Vikas WSP Audit Case
- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
- ICICI a foreign firm, subject to FDI norms: Govt
- Maha expects Rs 15 crore entertainment tax revenue from IPL
- CAG blames PMO for not acting against Kalmadi
- No service tax on visa facilitators: CBEC
- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
Fresh Income tax news only on casansaar covering details for Income tax return,efiling, calculator,refund, income tax slab,forms,rates etc in india
