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Taxpayers have no confidence in MFs

26 June 2007 at 08:19

Taxpayers have no confidence in MFsJune, 25th 2007The Indian mutual funds industry may have crossed the Rs 4-lakh-crore mark in assets under management, but still ranks at the bottomof the charts when it comes to gaining the confidence of tax payers.

Posted in Income Tax | 2910 Views

Significant changes in MCA 21 after July 1 2007

26 June 2007 at 00:24

Announcement on Significant changes scheduled to be implemented under MCA-21 with effect from July 1, 2007Sub: Significant changes scheduled to be implemented under MCA-21 with effect from July 1, 2007As you are aware that the Ministry of Corporate A

Posted in Corporate Law | 7476 Views

Whats wrong with the new ITR??

25 June 2007 at 09:15

Para 1 Infact it is tough time for few so called income tax practitionersbecause New ITRS requires the basic knowledge of the Act and accounts. Para 2 It's a myth and sheer ignorance (which again substantiate the para 1 above)&n

Posted in Income Tax | 4407 Views

Clarification on technical issues on service tax

24 June 2007 at 12:00

DRAFT CIRCULARCircular No. / /2007-ST New Delhi, dated - - July, 2007 F.No.354/28/2007-TRUGovernment of IndiaMinistry of FinanceDepartment of RevenueTax Research Unit Sub: Clarification on technical issues relating to scope and classification

Posted in Service Tax | 10296 Views

Procedural issues in Service Tax-clarification reg.

24 June 2007 at 11:58

Draft Circular Circular No. / /2007 New Delhi, the July, 2007 F.No. 137/85/2007-CX.4 Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) *** Subject:- Procedural issues in Service Tax-cl

Posted in Service Tax | 5181 Views

Difficulties being encountered by Goods Transport Operators in complying with the provisions of Service Tax-reg

24 June 2007 at 11:55

F.No. 137/89/2007-CX.4Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Excise and Customs)New Delhi, the 11th June, 2007Subject: Difficulties being encountered by Goods Transport Operators in complying with the provisions

Posted in Service Tax | 4671 Views

Tax circular on shares does not provide any objective guidelines

24 June 2007 at 08:07

The Central Board of Direct Taxes (CBDT) recently released a circular containing a set of guiding principles to make a distinction between shares held as stock-in-trade and those held as investment. But the circular appears to fall short of its objec

Posted in Income Tax | 3588 Views

Big 4 Consulting Company booked for allegedly evading service tax

23 June 2007 at 05:03

Nothing could be worse news for a Big 4 Consulting Company, known as Top Tax Advisor to MNCs; and which claims to have hired a team of over 10 dozen "great" Tax Experts on Compensation ranging upto Rs 2 Crore Per Annum; itself being booked by the Ser

Posted in Service Tax | 5271 Views

Income tax search after death of taxpayer is it possible??

22 June 2007 at 00:44

INCOME Tax search is a common and regular phenomenon. Every other dayit is reported by the media. It becomes more headline-grabbing duringthe last leg of the fiscal when certain targets are to be realised. Butcan it be conducted even after the death

Posted in Income Tax | 4632 Views

Bull's eye-Mr. Finance Minister

21 June 2007 at 08:17

The Centre's net direct tax collections up to June 18 this fiscal stood at Rs 37,444 crore, registering a 57.5 per cent increase over the collections recorded in the corresponding period in the previous year. The collection level so far includes adva

Posted in Income Tax | 2937 Views