Download Form 16 for AY 12-13 in Excel with formula

Private Citizen has a Right to ask for sanction to Prosecute a Public Servant – SC Posted: 01 Feb 2012 07:54 PM PST Whether a complaint can be filed by a citizen for prosecuting a public servant for an offence under the Prevention of Corruption Act, 1988 (for short, 'the 1988 Act') and whether the authority competent to sanction prosecution of a public servant... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Assessee cannot be held to be a trader in shares with respect to delivery basis transaction Posted: 01 Feb 2012 06:09 PM PST ACIT Vs. Mrs. Rajpal Sethi (ITAT Mumbai) - AO in the case of assessee while making the assessment for the assessment year 2004-05 has accepted the short term capital gain and the long term capital gain on sale of shares vide order dated 22.12.2006... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Add. CIT Sentenced to Undergo Four Years Rigorous Imprisonment Posted: 01 Feb 2012 05:16 PM PST The Special Judge for CBI cases, Patiala House Courts, New Delhi has convicted Sh. H.A. Siddiqui, the then Addl. Commissioner of Income Tax Range-34, Vikas Bhawan, IP State, New Delhi in a bribery case of Rs.One Lakh and sentenced him to undergo... [[ This is a content summary only. Visit www.taxguru.in for full article.]] ICWAI – Important Announcement for Students for June 2012 Term of Examination Posted: 01 Feb 2012 11:26 AM PST Finance Act 2011 involving Assessment year 2012-13 will be applicable for the subject Applied Direct Taxation (Intermediate), Applied indirect Taxation (Intermediate), & indirect & Direct Tax management (Final) for the purpose of June 2012... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Income Tax Department searches premises of liquor baron Ponty Chadha Posted: 01 Feb 2012 10:58 AM PST The Income Tax Department on Wednesday conducted searches at the premises of prominent Uttar Pradesh-based liquor baron and businessman Ponty Chadha, in the state and at a few locations in Delhi. [[ This is a content summary only. Visit www.taxguru.in for full article.]] Private Sector Banks as Agency Banks of RBI can handle Govt. business Posted: 01 Feb 2012 10:55 AM PST Reserve Bank of India has said that all private sector banks will now be considered eligible to handle any Central or State Government at par with public sector banks. Till now, only three private banks, namely ICICI Bank Ltd, HDFC Bank Ltd and... [[ This is a content summary only. Visit www.taxguru.in for full article.]] No Tax On Society Redevelopment Gains Posted: 01 Feb 2012 07:49 AM PST Kushal K. Bangia vs. ITO (ITAT Mumbai) - In principle, though the scope of 'income' in s. 2(24) is very wide, a capital receipt is not chargeable to tax as income unless there is a specific provision to that effect. As the residential flat owned by... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Transfer Pricing – TPO can rely on 'contemporaneous' data even if not available at specified date – ITAT Bangalore Posted: 01 Feb 2012 07:25 AM PST Kodiak Networks (India) Pvt Ltd vs. ACIT (ITAT Bangalore) - As far as the data to be used by the TPO while determining the ALP was concerned, it is observed that it is covered by the provisions of rule 10D sub-rule 4 of the Income-tax Rules. Section... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Govt to present new Companies Bill in upcoming budget Session Posted: 01 Feb 2012 05:02 AM PST The government today said it is hopeful of taking up the new Companies Bill for consideration and passage in the upcoming Budget Session of Parliament. Standing Committee had their first meting on January 24. I expect them to give (clearance) as... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Sebi imposes Rs 40L penalty for involvement in fraudulent trade practices Posted: 01 Feb 2012 02:47 AM PST Mumbai Market regulator Sebi has imposed penalties totalling Rs 40 lakh on four individuals for their involvement in fraudulent trade practices while dealing in shares of Platinum Corporation Ltd. In separate orders, the Securities and Exchange... [[ This is a content summary only. Visit www.taxguru.in for full article.]] SEBI – Offer For Sale of Shares by Promoters through the Stock Exchange Mechanism Posted: 31 Jan 2012 10:33 PM PST In order to facilitate promoters to dilute/offload their holding in listed companies in a transparent manner with wider participation, it has been decided to allow the offer for sale of shares by promoters of such companies through a separate window... [[ This is a content summary only. Visit www.taxguru.in for full article.]] ICWAI President Communiqué February, 2012 Posted: 31 Jan 2012 08:53 PM PST All of us are familiar with these words, especially the second line is embedded in our minds through our Institute emblem, right from the moment we entered into the CMA profession. The entire stanza from the ancient Upanishad, correctly reflect the... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Download Form 16 for AY 12-13 in Excel with formula Posted: 31 Jan 2012 08:43 PM PST We have uploaded new form 16 in Excel Format which is for male and Female below the Age of 60 years. The form cum tax calculator is for Assessment year 2012-13 i.e. Financial year 2011-12. Assessee have to select his sex first and then he have to... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Regarding Classification of Fused Silica under Customs Tariff Act, 1975 Posted: 31 Jan 2012 08:03 PM PST Circular No.03/2012 - Customs References have been received in the Board from field formations regarding divergent practices being followed in respect of classification of 'Fused Silica' under Customs Tariff sub-heading 250610, 281122, 320740 or... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Amends Notification No. 36/2001-Customs(N.T) dated 3rd August 2001 [Hindi version of 10/2012-Cus(NT)] Posted: 31 Jan 2012 08:02 PM PST Notification No. 10/2012 – Customs (N. T.) In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Sebi (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2012 Posted: 31 Jan 2012 07:22 PM PST Notification No. LAD-NRO/GN/2011-12/34/2499 These Regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2012. They shall come into force on the date of their... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Deferred Payment Protocols between Government of India and erstwhile USSR – A.P. (DIR Series) Circular No. 74 Posted: 31 Jan 2012 07:10 PM PST A.P. (DIR Series) Circular No. 74 AD Category-I banks are advised that a further revision has taken place on January 17, 2012 and accordingly, the Rupee value of the Special Currency Basket has been fixed at Rs.71.456679 with effect from January 20,... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Download Simple Overtime Calculator Posted: 31 Jan 2012 03:22 PM PST Download Simple Overtime Calculator in Excel Format. We just have to enter In time , Out Time and Normal Working Hours and calculator will calculate Overtime Automatically. [[ This is a content summary only. Visit www.taxguru.in for full article.]] Maharashtra Shops and Establishments (Amendment) Rules, 2012 Posted: 31 Jan 2012 01:18 PM PST In exercise of the powers conferred by section 67 of the Bombay Shops and Establishments Act, 1948 (Bom. LXXIX of 1948) read with sections 6 and 90 of the Information Technology Act, 2000 (21 of 2000); and of all other powers enabling it in that... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Inflation to be in between 6 and 7 per cent and Growth Rate to be above 7 per cent by March End 2012 Posted: 31 Jan 2012 11:05 AM PST The Central Statistical Office released the quick estimates of national income, consumption expenditure, saving and capital formation for 2010-11 today. Savings and investment data for 2010-11 are new and all other data are revisions to earlier... [[ This is a content summary only. Visit www.taxguru.in for full article.]]