"October, 2010" Archive - Page 43

MAT is no more minimum alternate tax

When the first draft of the Direct Taxes Code (DTC) was released in August 2009, the provision dealing with Minimum Alternate Tax (MAT) was one of the most discussed and deliberated provision. It proposed to levy tax on the gross value of assets. There were certain drawbacks and limitations which were pointed out to the government, as a r...

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Posted Under: Income Tax |

Government may soon exempt the entire 9.5 per cent interest on provident fund deposits for 2010-11

The Finance Ministry is believed to have agreed to modify its notification for exempting from tax the entire 9.5 per cent interest on provident fund deposits for 2010-11, and will soon announce the good news for EPFO’s six crore depositors....

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Posted Under: Income Tax |

Know about different status of challan in TDS/TCS statement

# Booked: Challan / transfer voucher detail in the statement matches with corresponding details received from banks / PAO. # Match Pending: Corresponding challan details not received from the bank. # Match Failed (Challan): TAN and/or amount relating to a challan in the statement do not match with the corresponding details received from b...

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Posted Under: Income Tax |

Extension of Common Proficiency Course (CPC) registration date till 4th October, 2010

Sub: Extension of Common Proficiency Course (CPC) registration date till 4th October, 2010. In view of the closure of banks on account of half yearly closing on 30th September, 2010, last date for registration to Common Proficiency Course (CPC) is extended upto 4th October, 2010 for being eligible to appear in the Common Proficiency Test ...

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Posted Under: Income Tax |

ICAI issues List of examinations treated as equivalent to senior secondary (10+2) examination

As per the Chartered Accountants Regulations, 1988 a candidate shall be registered for the Common Proficiency Test (CPT) if he has passed class 10th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto. Further, no candidate shall be admitted to...

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Posted Under: Income Tax |

Know about three judges who delivered Ayodhya ruling

The three judges - two Hindus and a Muslim - of the Lucknow bench of the Allahabad High Court who Thursday authored the long-awaited verdict on the Babri Masjid-Ramjanmabhoomi dispute:...

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Posted Under: Income Tax |

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