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Archive: 01 January 2009

Posts in 01 January 2009

Top 20 Tips To Keep Your System Faster

January 1, 2009 2660 Views 0 comment Print

Follow these tips and you will definitely have a much faster and more reliable PC! Most of the below tips works for windows XP. 1. Wallpapers: They slow your whole system down, so if you’re willing to compromise, have a basic plain one instead!  2. Drivers: Update your hardware drivers as frequently as possible. New […]

EMPANELMENT OF CHARTERED ACCOUNTANT FIRMS FOR THE YEAR 2009-2010

January 1, 2009 1489 Views 0 comment Print

Applications are invited online from the firms of Chartered Accountants who intend to be empanelled with this office for the year 2009-2010 for appointment as auditors of Government Companies/Corporations. The format of application along-with the detailed instructions regarding the documents to be furnished will be available on our website: www.cag.gov.in from 1st January 2009 to […]

Revised Procedure For Selection of Cases For Scrutiny For A.Y. 2008-09

January 1, 2009 4277 Views 0 comment Print

FOR NON-CORPORATE ASSESSEES In suppression of earlier instructions on the above subject the  Board hereby lays down the following procedure for selection of returns / cases of Non- Corporate Assessees for scrutiny during the current financial year i.e. 2007-08. 2. The following categories of cases shall be compulsorily  scrutinized; – i) All assessment pertaining to […]

TAXMAN TIGHTENS NOOSE ON SERVICE TAX

January 1, 2009 450 Views 0 comment Print

Amid dismal tax collections, service tax mop up provides a ray of hope for the Centre and certain sections in this category have come under the scanner of tax authorities. The Central Board of Excise and Customs (CBEC) have tightened noose on commercial renting of immovable property and telephone companies by receiving information through other sources to detect any possible evasion of service tax.

DATE FOR NOMINATION EXTENDED UPTO 10TH JANUARY, 2009

January 1, 2009 510 Views 0 comment Print

ICAI Awards 2009 (25th January, 2009) – Do you wish to nominate any leader for the Corporate Awards? DATE FOR NOMINATION EXTENDED UPTO 10TH JANUARY, 2009 These awards are instituted to acknowledge Chartered   Accountants in   industry who have   demonstrated   excellence   in the way in which they conduct their profession,  are exemplary role models in the industry and have […]

What Everyone Must Know About CIBIL

January 1, 2009 3246 Views 0 comment Print

This is the era of high spending. The truth is today people spend more than their grandparents or parents ever did. Increasing incomes, the desire to own a house in one’s early twenties, the availability of variety in lifestyle and brand choices, a booming economy, a growing number of entrepreneurs, new business establishments, etc, are […]

Taxability Of A Non-Resident For Charging Fees For Services Rendered To Indian Companies

January 1, 2009 763 Views 0 comment Print

34. For the purpose of taxation the authorities under the Act have proceeded on the basis that the fees received by the Appellant was for the entire Indian Project as such chargeable to tax. 35. Two basic questions which, thus, arise for our consideration are :

Allowability Of Keyman Insurance Premium Paid By A Firm On Life Of Its Partners

January 1, 2009 14031 Views 0 comment Print

6.15 As noted earlier, there was a judicial opinion that on distribution or division or allotment of assets to partners by the firm on dissolution or otherwise there resulted no gain exigible to tax, however, by incorporating Section 45(3) and 45(4), the legislature has declared its intention in clear terms that partners and the firm are two independent entities not only for the purposes of assessment but also for the purpose of determining the charge of income tax

BLOOD REQUIREMENT : BLOOD DONER WILL CALL YOU

January 1, 2009 408 Views 0 comment Print

Now it has become easier to get the blood we need. All you have to do is just type “BLOOD <Needed Blood Group> and send SMS to 96000 97000” EX: BLOOD B+ BLOOD DONOR WILL CALL YOU!! So please pass this message to all. It may save many lives. Must to Know & Must to […]

SEZs: ARE THESE SPECIAL (OR SICK) ECONOMIC ZONES?

January 1, 2009 723 Views 0 comment Print

 Somesh Arora, Commissioner of Customs (Rtd) THE party time for Special Economic Zones may well be over before it has actually begun. With that will be over the worry lines for Revenue Department, which was spending sleepless nights over purported loss of revenue because of more than 500 approved zones and more than 250 already […]

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