Freeing petrol and diesel prices from official control, restoring tax breaks on natural gas production and tax holiday for private oil refiners should be part of the government’s agenda in the first 100 days, industry wished. The Petroleum Federation of India, apex body of public and private oil firms, has submitted to the oil ministry a […]
Circular Ref. No. DGBA.CDD.H-10566/15.15.001/2008-09 Dated 5-6-2009 As you are aware, investors under Senior Citizens Savings Scheme, 2004 (SCSS) are eligible to file Form 15-G and 15-H to claim exemption from TDS on the interest payable on the deposits under the said scheme. 2. Central Board of Direct Taxes have now clarified, vide their Office Memorandum F.No.275/36/2009-IT(B) […]
The following email ids have been configured for lodging complaints relating to matters of dummy articles and coaching classes during non-permissible hours. For Complaints/matters relating to dummy articles – complaints.dummyarticles@icai.in For Complaints/matters relating to coaching classes during non-permissible hours (i.e. between 9.30 A.M. and 5.30 P.M)- complaints.coachinghours@icai.in
FOR THE ATTENTION OF MEMBERS Membership and Certificate of Practice Fee for the year 2009-2010 Annual Membership and Certificate of Practice fee for the year 2009-2010 was payable on 1st April 2009. The schedule of fee is as under: For Members below age of 65 years For Members above age of 65 years (As […]
In this regard, it is advised that the report shall be uploaded on SEBI Portal by the 5th of the following month. Hard copy of the said report shall not be sent to SEBI.
Chartered accountants may soon see their world expanding with the government considering a proposal deploying them in the countryside to audit the finances of sarpanches, block development officers and other officials handling the United Progressive Alliance’s flagship National Rural Employment Guarantee Programme (NREGP).
The tax authorities have been rapped by the Delhi high court for attempting to snoop on some companies, including Maytas, although they were not the suspected evaders. Terming a search and seizure operation conducted by the Income Tax department as a ‘serious invasion of the privacy and freedom of the citizen,’ the Delhi high court […]
Accounting for taxes on income – Accounting Standard 22 – Treatment of deferred tax assets (DTA) and deferred tax liabilities (DTL) for computation of capital CIRCULAR No.DNBS.PD/CC. No. 142/03.05.002, dated 9-6-2009 NBFCs were advised vide DNBS (PD) C.C. No. 124/03.05.002/2008-09 dated July 31, 2008 that in terms of Accounting Standard 22, the tax effects of […]
After a gap of two years the CBI today conducted coordinated nationwide anti-corruption drive, covering various PSUs, CPOs and revenue department officers. All the 16 Zones of the agency coordinated their efforts and booked 67 cases. From the Revenue Department, just one ITO was raided during the operation. In Delhi, 8 cases were registered in […]
In pursuance of rule 12CC of the Central Excise Rules, 2002 and rule 12AA of the CENVAT Credit Rules, 2004 , the Central Government hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) number 32/2006-Central Excise (N.T.),
