| Stamp Papers are valid even after six month of Purchase According to a recent Supreme Court Judgement dated 19-02-2008 in the case of Thiruvengada Pillai vs. Navaneethammal and Anr., the stamp papers do not have any expiry period. Relevant extract from SC... |
| Can Assessee claim Depreciation on car Registered in the name of its partners or directors? Introduction 'What's in a name? That which we call a rose by any other name would smell as sweet.' This Shakespearean quote seems to have inspired as many as five High Courts to hold that the... |
| ICAI President's message to CA community Dear CA Pariwar, A golden chapter of ICAI history would unfold before the nation on July 1, 2009 th when our Institute completes 60 year of its glorious existence. It is indeed a truly momentous... |
| S Gopalakrishnan and Srinivas Talluri will not get any more time to submit reply : ICAI Accounting regulator ICAI on Wednesday said it will not grant any further time to now-in-jail auditors of Satyam for furnishing reply to the showcause notice and it will proceed on the basis of... |
| Investigation into Satyam case will take six more months : ICAI The Institute of Chartered Accountants of India (ICAI) has said its investigation into the Satyam case will take six more months to conclude. The discipline directorate of the Institute is looking... |
| ITAT Mumbai benches not functioning during the period 06.07.09 to 10.07.09 The following benches will not function during the period 06.07.09 to 10.07.09:-"A-1, B-1, I, J , L & WT"The case are adjourned to respective dates. Please see separate Notice.Sd/-(M. A.... |
| Fema-Master Circular released containing consolidated instructions/ guidelines/ circulars issued from July 01, 2008 to June 30 2009 As many of you aware that the RBI will be issuing Master Circular in the subject matter on every year in the month of July. It is consolidated the instructions/ guidelines/ circulars issued from July.... |
| Tax planning as opposed to tax evasion has legal sanction The Madras High Court has ruled that tax planning as opposed to tax evasion has legal sanction, and if a dealer plans his transactions in such a manner that he pays less tax, it is not open to the... |
| ICAI president letter to CBDT mentioning the difficulties in getting a Certificate for lower deduction or non-deduction of tax at source DTC/2009-10/ Rep-3 Dated: 27th June, 2009Shri. S.S.N.Moorthy, Chairman, Central Board of Direct Taxes , Ministry of Finance, Government of India, North Block, Delhi-110 001Respected Sir,Re: Request... |
| The ICAI Logo – A little known Story The logo of an organization packs in both heritage and brand DNA. Not to mention trivia gems. Think the swoosh and you'll think Nike. The genial, bearded and bow-tied Colonel Sanders is the KFC... |
| Government considering to re-introduce one-pager ''Saral'' form for filing income tax return The government is considering to re-introduce one-pager ''Saral'' form for filing income tax return. The form was discontinued in 2007-08 and instead of that ITR-1, ITR-2, ITR-3 and ITR-4 were... |
| Government likely to extend the tax benefits from the Software Technology Parks of India (STPI), to March 31, 2010 The government is likely to extend the tax benefits on exports earnings of the information technology (IT) units, operating from the Software Technology Parks of India (STPI), to March 31, 2010 in... |
