Follow Us:

Archive: 05 September 2009

Posts in 05 September 2009

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 18, 2024 4854 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 18, 2024 4197 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

Valuation of perquisites / fringe benefits after the abolition of FBT

September 5, 2009 1314 Views 0 comment Print

With the abolition of FBT, a question arises as to the tax-treatment to be given to a number of perquisites / fringe benefits, which were earlier liable to FBT and therefore, not chargeable as perquisites in the hands of the employees, in view of the provisions of the erstwhile section 17(2)(vi) of the Act.

Download Examination form for CPT, PE -II, PCE, IPCE and CA final Examination conducted by ICAI

September 5, 2009 40493 Views 91 comments Print

Those who are looking to fill examination form for the CPT, PE -II, PCE, IPCE and CA final Examination conducted by ICAI can now download the form from the following website http://icaiexam.icai.org/

CBDT delivered a headblow to the Assessee Engaged in Propelling Growth of the Nation

September 5, 2009 3321 Views 0 comment Print

Whether profit from Duty Entitlement Passbook Scheme (DEPB) and Duty Drawback Scheme could be said to be profit derived from the business of the Industrial Undertaking eligible for deduction under Section 80-IB of the Income-tax Act, 1961.

Swiss bank may share detail of tax evaders with India

September 5, 2009 336 Views 0 comment Print

India and Switzerland will soon start negotiations to enlarge the scope of their bilateral double taxation treaty to allow sharing of details of bank accounts of people accused of tax evasion, visiting Swiss Vice-President and Minister of Economic Affairs Doris Leuthard said on Thursday.

Clarification on FDI into a SSI & MSE and in Industrial Undertaking manufacturing items reserved for SSII MSE

September 5, 2009 1026 Views 0 comment Print

Press Note No. 6 (2009), dated 4-9-2009 1.0 FDI into SSIIMSE 1.1 A Small Scale industrial undertaking (SSI) was defined in terms of: (i) investment in fixed assets in plant and machinery and (ii) equity participation (both domestic and foreign) in the SSI, by other industrial undertakings prior to 2006. 

Sub-brokers likely to be exempted from the requirement of registering with SEBI

September 5, 2009 282 Views 0 comment Print

Sub-brokers in the stock market are likely to be exempted from the requirement of registering with the capital market regulator before starting their operations as per a proposal under consideration of the finance ministry and the Securities and Exchange Board of India (SEBI).  The move is to promote self-regulation through an industry body under the […]

Many countries looking to hike hike personal income tax rates

September 5, 2009 313 Views 0 comment Print

The governments around the world may consider funding their increasing deficits by hiking personal income tax rates, though India may not be one among those, with the tax rates in the country nearly constant over the last seven years. The highest tax rate applicable on an income of over Rs 5,00,000 per annum stands at […]

Government working to rationalise state and central level-taxes on petrol and diesel

September 5, 2009 508 Views 0 comment Print

The government is taking steps to rationalise various central and state level-taxes on auto fuels, a oil ministry spokesman said. Taxes and duties are as high as over 51% and 23% on petrol and diesel, respectively in Delhi. “As part of UPA government’s 100 days agenda, we have set up an expert panel, which will […]

Search Post by Date
July 2024