"08 December 2010" Archive

Inauguration of Income Tax Office at Chinsurah, West Bengal

NA 08/12/2010

Inauguration of Income Tax Office at Chinsurah, Dist-Hooghly, West Bengal by Honble Union Finance Minister Shri Pranab Mukherjee on 04.12.2010 - Publicity in the official web site...

Read More

Finance ministry wants to make UID compulsory for securities transactions

The ministry of finance has sought the views of capital market regulator Securities and Exchange Board of India (Sebi) on making the unique identification (UID) number mandatory for all securities transactions, a move that, if implemented, could help...

Read More
Posted Under: Income Tax |

E Y Auditor found guilty of tampering with work papers

The Public Company Accounting Oversight Board disciplined Jacqueline Higgins, a manager in E&Y’s Boston office, alleging repeated violations of documentation standards and requirements to cooperate with the board’s inspection process. The disciplinar...

Read More
Posted Under: Income Tax |

Accountant is rated as among the 50 Best Careers of 2011

Accountant has been named one of the 50 Best Careers of 2011 by U.S. News & World Report, which based its list on projected employment growth and other factors. The Bureau of Labor Statistics forecasts that employment for accountants and auditors wil...

Read More
Posted Under: Income Tax |

Non-aided employees staff credit/ urban credit societies can appoint auditors of their choice in their AGM/SGM-Bombay HC

Maharashtra Certified Auditors Association Vs The State of Maharashtra (Bombay High Court)

The Hon'ble Bombay High Court has held that impugned Govt. Circular dt.11-11-1996 (which gave powers to the Registrar to appoint statutory auditors for urban credit/employees co-op. credit societies) is not applicable to the non-aided cooperative societies of any category. As a result of this Judgment, henceforth the non-aided employees s...

Read More

If no expenditure has been incurred to exempt income no disallowance under section 14A can be made

Minda Investments Ltd. Vs. DCIT (ITAT Delhi)

Income Tax - Section 10(33), 14A, Rule 8D – Whether disallowance of expenses incurred to earn an exempt income under section 14A, in effect from April 2007, could be applied to assessee for assessment year 2006-07 without an established nexus between exempt income and expenses - Assessee’s appeal allowed: DELHI ITAT In CIT vs. He...

Read More

Common Errors in filling of Income Tax returns

For AY 2009-10 onwards, E-returns are being processed u/s143 (1) at CPC Bangalore. In some cases, taxpayers have requested for rectification of the intimation u/s 154. In almost all cases it is seen that the rectification can be correctly processed...

Read More
Posted Under: Income Tax |

Income tax refunds up 6.7 Percent in first eight months

Income tax department’s schemes for speedy issuance of I-T refunds seem to be paying off well. Income tax refunds have picked up encouragingly during the first eight months of the current fiscal by 6.7 per cent compared to the corresponding period a ...

Read More
Posted Under: Income Tax |

House panel seeks to delay rollout of IFRS by two years

Chairman of an influential parliamentary committee has urged the prime minister to delay the rollout of global accounting norms by at least two years, saying India need to enter into a dialogue with other countries to modify the proposed norms to sui...

Read More
Posted Under: Income Tax |

Mayawayti demands Rs. 2528 Crore to switch to GST

The Mayawati government on Monday demanded an early settlement of its claim for Rs 2,527.93 crore from the Centre and set it as one of the pre-conditions for enforcing the Goods and Service Tax (GST) regime, proposed to be implemented throughout the ...

Read More
Posted Under: Income Tax |

Search Posts by Date

September 2021
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930