Govt exempts taxable services provided to Special Economic Zone, and received by a developer or units of a Special
Internal auditor can carry tax audit for FY 2008-09
The Council in its 281st meeting held from 3rd to 5th October, 2008 decided that an internal auditor of an assessee, wh
Two More Auditing Standards cleared
The Council of the Institute of Chartered Accountants of India at its 286th meeting held on March 8, 2009 cleared two m
LATEST LEGAL DECISIONS RELATING TO TDS
1. Landing and Parking charges liable for TDS u/s 194–I: Payments made for landing and parking charges would be deemed
ICAI Interrogates Satyam Auditors and CFO
CFO ADMITS HIS ROLE IN FALSIFICATION OF ACCOUNTSIn terms of directions of the CBI Court, Hyderabad allowing members of
Peer review for audit firms of Listed Company
Members may be aware that the Council had accepted the recommendation of Securities & Exchange Board of India (SEBI
Measures initiated by ICAI for revisiting Accounting Standard (AS) 11, The Effects of Changes in Foreign Exchange Rates
CA. Uttam Prakash Agarwal, President, The Institute of Chartered Accountants of India (ICAI) re-iterated the Institute'
Online filing of I-T returns quadruples
The online mode of filing tax returns seems to be gaining popularity with the aam admi. According to the income tax dep
Service Tax on Commercial Rent Held Unconstitutional
The Delhi High Court has struck down the levy of service tax on rentingof immovable property as "unconstitutional", whi
Double taxation in indirect tax law ? an ongoing problem
New Delhi April 13, 2009Earlier articles in this column had highlighted the problem with regard to double taxation of a
Finance panel sees 16% GST as basis for future talks
New Delhi April 11, 2009A further rejig in service tax and excise duty rates may be on the cards after the upcoming gen
I-T dept's petitions against cos on forex losses dismissed
New Delhi April 9, 2009The Supreme Court on Wednesday dismissed the Income-Tax Department plea that companies cannot cl
I-T refunds diverted to fake accounts
New Delhi April 8, 2009Diligent taxpayers waiting for refunds at the end of the financial year would be aghast to know
A.Y. 2009-10 New ITR Form's in PDF Format
Form No. ITR 1 ITR 2 ITR 3 ITR 4 ITR 5 ITR 6 ITR 7 ITR 8 ITR V & Acknowledgement
The Income-tax (9th Amendment) Rules, 2009 [S.O. 866(E)]
Download The Notification Click HereGOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE)CENTRAL BOARD OF DIREC
Income Tax Audit Report - Form 3CD amended - Income-tax (Tenth Amendment) Rules, 2009
CBDT has issued notification no. 36/2009 dated 13-4-2009 [Income-tax (Tenth Amendment) Rules, 2009] to amend form 3CD (
Clarification regarding deduction under section 10B
Instruction No. 2/2009, dated 9-3-2009Section 10B of the Income tax Act provides for exemption of income in case of hun
Income Tax deduction on exchange earned on films abroad
The Supreme Court has dismissed the appeal of the income tax department and ruled that the foreign exchange earned by t
Firms committing criminal offences can be prosecuted, but not sent to jail
Companies which commit criminal offence can be prosecuted and sentenced to fine, though they cannot be sent to jail as
Investing wisely under 80C will help save taxes
For many, Section 80C of the Income Tax Act forms the cornerstone of their tax saving strategy. The section incorporate
Foreign exchange from overseas film rights to get tax sops: SC
The Supreme Court has ruled that the foreign exchange earned by transferring the rights of exploitation of the films ou
Telecom companies are deducting lower amounts of TDS: Taxman
Some of top telecom companies are being accused of deducting lower amounts of tax at source on payments made to each ot
Customer need not deduct tax while paying for hotel services
A customer need not deduct income tax while paying for services provided by a hotel, Bombay High Court held recently. S
Tax incentives from your own / rent house
TAX BENEFIT IN CASE YOU STAY IN A RENTED ACCOMMODATIONAny allowance specially granted to the tax payer by his employer
Internal auditor cannot be tax auditor for the same company
Come April 1, an internal auditor of an organization cannot take up tax audit of the same entity. ICAI has now decided
Director’s liability for company’s taxes
Under company law, a director of a company is not personally liable for the company’s debts unless a court of competent
Finmin rejects proposal to relax FBT norms for exporters
The Finance Ministry has turned down a Commerce Ministry proposal to provide relaxation to exporters, reeling under the
Personal Guidance.....A check list for Personal Tax
Indian financial year runs from 1 April to 31 March. Accordingly, the Income-Tax Return is to be prepared and filed for
Wealth-Tax (Second Amendment) Rules, 2009 - Amendment in Rule 3A Notification No. 16/2009, dated 13-2-2009
In exercise of the powers conferred by section 46 of the Wealth-tax Act, 1957 (27 of 1957), the Central Board of Direct
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