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Know ITR-V receipt status, Income Tax Refund failure status and processing status of e-Returns in respect of return file

November 30, 2010 450 Views 0 comment Print

Income Tax Department is releasing 3 new services on the e-filing website. These are available from the ‘Services’ menu on the Menu Bar on top. The services are available without requiring any login (and are also available under ‘My Account’ as well)

CBI files fresh status report in SC on 2G probe

November 30, 2010 417 Views 0 comment Print

The CBI today filed in the Supreme Court a fresh status report on its ongoing investigation into the 2G spectrum scam allegedly involving former Telecom Minister A Raja, responding to posers by the judges and explaining in detail the nature of the pr

ICAI President's Message – December 2010

November 30, 2010 1101 Views 0 comment Print

All of us have responsibility towards the society we live in. Let us realise the position of our profession and understand that we should better displease others and do what we know is right than we make others happy by doing what we realise is unjus

Trai to impose hefty penalties on unwanted calls from tomorrow

November 30, 2010 471 Views 0 comment Print

In a move that will give major relief to millions of subscribers, telecom regulator Trai will tomorrow announce new guidelines to curb the menace of unsolicited calls by imposing hefty penalties on errant telemarketing firms and operators. Beside

Service tax on construction- Gujarat HC issues notice to Centre on service tax

November 30, 2010 597 Views 0 comment Print

A division bench of the Gujarat high court, headed by chief justice SJ Mukhopadhaya, has issued notices to the Union finance ministry and service tax department, with regards to a petition filed, seeking to withdraw service tax on construction of res

ICAI- CPT December 2010 Exam Hall Ticket/Admit Card available for download

November 30, 2010 1487 Views 0 comment Print

CA CPT DECEMBER 2010 Exam Hall Ticket/Admit Card available for download. You can download Hall ticket from the following official link of ICAI. www.icai.nic.in/admit.php

If noting incriminating found in the course of search relating to any of the A.Y., the assessments for such years could not be disturbed

November 30, 2010 2837 Views 0 comment Print

Assistant Commissioner of Income tax v. Srj Peety Steels (P) Ltd. (ITAT Pune) – When noting incriminating was found in the course of search relating to any of the assessment years, the assessments for such years could not be disturbed; further, consumption of the electricity for the manufacture of mild steel ingots / billets depends on various factors and the AO did not attempt to establish a direct nexus between production and electricity consumed and therefore no addition was called for.

Govt examining draft Act for CBI

November 30, 2010 531 Views 0 comment Print

The government is examining a separate draft Act for CBI submitted by the premier investigation agency. The Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice had supported the view of CBI Director and impressed upon th

FM to Inaugurate Tomorrow a two-day Conference on “Economic Policies for Inclusive Development”

November 30, 2010 411 Views 0 comment Print

Union Finance Minister, Shri Pranab Mukherjee will inaugurate a two-day International Conference on “Economic Policies for Inclusive Development” tomorrow. The Conference is being jointly organized by the Department of Economic Affairs, Ministry of F

Sahara Calls SEBI Order Irresponsible, Claims Officials Acted With Malice

November 30, 2010 462 Views 0 comment Print

Stung by market regulator SEBI’s ban on its firms and supremo Subrata Roy from raising money from the public, the Sahara Group Sunday dubbed the order as “irresponsible” and said it will soon challenge the order that reflected “malice and bias” on th

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