| Shortage of tax experts led to a sharp rise in salary of tax experts Posted: 08 Nov 2009 05:45 PM PST An acute shortage of trained tax professionals coupled with a changing and complex tax landscape has led to a sharp rise in the pay packets of such experts with the average salary more than doubling in the past year alone, according to senior... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
 | | Contractors cannot claim deduction on profits from infrastructure project Posted: 08 Nov 2009 05:38 PM PST The Income Tax Appellate Tribunal has held that contractors, while calculating their income-tax liability, cannot claim deduction on profits from an infrastructure project. Section 80-IA (4) of the Income-tax Act allows deduction in respect of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
 | | ICAI denied media reports that is has withdrawn the notice issued to Price Waterhouse Posted: 08 Nov 2009 05:32 PM PST Media reports on Wednesday said that ICAI had withdrawn the showcause notice issued to Price Waterhouse for alleged violation of norms. The Institute of Chartered Accountants of India (ICAI) on Thursday denied media reports that it has withdrawn an... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
 | | Tax treatment of Gratuity under the Income Tax Act, 1961 Posted: 08 Nov 2009 02:18 AM PST Gratuity' is a retirement benefit. Gratuity Act, 1972 act envisages in providing retirement benefit to the workman who have rendered long and unblemished service to the employer. Gratuity is a reward for long and meritorious service. Earlier, it was... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
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With Regards,
CA Sandeep Kanoi
Website: http://www.taxguru.in/
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