Some Helpful Tips For Filing Wealth Tax Returns

Some Helpful Tips For Filing Wealth Tax Returns Posted: 16 Jan 2012 06:44 PM PST The W.T. return for Individuals, Hindu Undivided Families and Companies is to be filed in Form BA. Value of an asset for an assessment year is to be declared as on the relevant Valuation Date i.e. 31st March of each year. Thus, for the assessment... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Section 80CCF – Long Term Infrastructure Bonds – Srei Infrastructure Finance Ltd. Posted: 16 Jan 2012 06:27 PM PST issue of Long Term Infrastructure Bonds by Srei Infrastructure Finance Limited - Issue of first tranche of infrastructure bonds (Bonds) by the Company under Section 80CCF of the Income Tax Act, 1961. Resident individuals and HUFs eligible for... [[ This is a content summary only. Visit www.taxguru.in for full article.]] CBEC Announces Reward Scheme for Information on Defaulters Posted: 16 Jan 2012 06:03 PM PST A suitable reward upto 5% of the amount recovered can be given to any informer who gives information regarding the whereabouts, assets, movable and immovable properties of persons or companies from whom arrears of duty, tax, fine, penalty etc. are... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Developer Need Not Be Owner of land to claim deduction U/s. 80-IB(10); Can Claim deduction even if development permissions obtained in the name of original land owners Posted: 16 Jan 2012 04:43 PM PST CIT Vs. Radhe Developers (HC of Gujrat at Ahemdabad) -In the present case, we find that the assessee had, in part performance of the agreement to sell the land in question, was given possession thereof and had also carried out the construction work... [[ This is a content summary only. Visit www.taxguru.in for full article.]] CIT (A) cannot pass the order without adjudicating on the plea of the Assessee Posted: 16 Jan 2012 04:22 PM PST Ashima Dyecot Ltd. Vs. DCIT (ITAT Ahmedabad) – We have carefully gone through the orders of authorities below and perused the material available on record. It is pertinent to note that in para 3.1 of the impugned order, the Learned... [[ This is a content summary only. Visit www.taxguru.in for full article.]] HUF cannot be a partner in firm but it is competent to the manager or karta acting on behalf of the HUF to enter into a valid partnership Posted: 16 Jan 2012 04:14 PM PST Coal India Ltd. & Anr. Vs Continental & Eastern Agencies (Delhi HC)- In the case reported as (1967) 66 ITR 613 (SC) Ram Laxman Sugar Mills v,Commissioner of Income-Tax, U.P. & Ors. the Hon'ble Supreme Court has categorically held that... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Human Resource Accounting Meaning, Need and Focus Posted: 16 Jan 2012 03:52 PM PST Human resource accounting is one of the emerging areas of the Indian accounting industry. As we all know, any organization cannot survive if it does not have the human assets. Specially in today's IT era, its employees are most important assets of... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Download Retirement Calculator for Government Employees in Excel Format Posted: 16 Jan 2012 06:15 AM PST Calculation of Retirement Date for Central Govt Employees and State Govt Government Employees. The Calculator calculates Retirement Year , Month & Date. As per the Govt Order the Retirement Date must be last day of the month in which one... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Budget 2012 – Finance Minister holds Pre Budget Consultations with Trade Union Groups Posted: 15 Jan 2012 09:29 PM PST The Union Finance Minister Shri Pranab Mukherjee said that food inflation has come down on the negative side in the last two consecutive weeks. The annual rate of inflation (year on year) for December 2011 has declined to 7.47% as against 9.11 % in... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Budget 2012- Assocham asks govt to retain excise duty, service tax at at existing rate of 10 per cent Posted: 15 Jan 2012 08:44 PM PST Industry body Assocham has asked the government to retain both excise duty and service tax at existing rate of 10 per cent in the Budget for 2012-13. In its pre-budget memorandum submitted to Finance Minister Pranab Mukherjee, the chamber has asked... [[ This is a content summary only. Visit www.taxguru.in for full article.]] BSNL invites applications for empanelment of Cost Accountant Firms for appointment as Cost Auditors for 2011-12 Posted: 15 Jan 2012 08:40 PM PST ICWAI has received a communication from Bharat Sanchar Nigam Limited (BSNL), a fully Central Govt. owned company which is providing telecom services throughout the Nation, seeking a panel of Cost Accountant Firms for the purpose of selection and... [[ This is a content summary only. Visit www.taxguru.in for full article.]] FM expect inflation to come down between 6 and 7% by the end of March 2012 Posted: 15 Jan 2012 08:35 PM PST The Union Finance Minister Shri Pranab Mukherjee said that the decline in the monthly headline inflation for December 2011 to 7.47% as against 9.11% in November 2011 was mainly due to significant decline in inflation for primary articles including... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Government proposes to set up National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) Posted: 15 Jan 2012 08:34 PM PST The Ministry of Corporate Affairs Government proposes to set up National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) which will replace Company Law Board, Board for Industrial and Financial Reconstruction and... [[ This is a content summary only. Visit www.taxguru.in for full article.]] India's Export Grows by 25.8% in April- December 2011 at US $ 217.6 Billion -Commerce Secretary Posted: 15 Jan 2012 08:33 PM PST India's exports for the month of April- December 2011 have registered a growth of 25.8%, at US $ 217.6 billion. Interacting with the media persons here today, Shri Rahul Khullar, Commerce Secretary, informed that during the period April—December... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Regarding Refund of 4% CVD (SAD)-Extension of time upto 31st March 2012, for using re-credited 4% CVD (SAD) amount in DEPB Posted: 15 Jan 2012 08:22 PM PST Circular No.02/2012-Customs - Your kind attention is invited to the Circular No.30/2011-Customs, dated 19.07.2011, regarding procedure on refund of 4% CVD (SAD). The above Circular provides the facility of manual filing of Bill of Entry for... [[ This is a content summary only. Visit www.taxguru.in for full article.]]