Website is intangible Asset and not software

New Income Tax e-filing call center functional from today with Helpline Posted: 14 Mar 2012 08:40 PM PDT New e-filing call center will start working from 15th March 2012. For any query related to online filing of Income Tax Returns, please call 080-25186960 between 9am to 6 pm on all working days. Taxpayers are advised to make use of the above facility. [[ This is a content summary only. Visit www.taxguru.in for full article.]] Website is intangible Asset and not software Posted: 14 Mar 2012 08:31 PM PDT Assessee's claim that travel website should be treated as software (and hence website development cost is eligible for 60% depreciation) is not justified. By approaching travel website of assessee, customers/people can approach assessee and conduct... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Conditions for Indian Citizenship under Citizenship Act, 1955 Posted: 14 Mar 2012 08:00 PM PDT A person of India origin who is ordinary resident in any country or place outside undivided India is eligible for grant of Indian citizenship by registration under section 5(1) (b) of the Citizenship Act, 1955. Registration under section 5(1) (b) of... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Ungrateful children can be denied property: SC Posted: 14 Mar 2012 07:50 PM PDT SC held that was nothing unnatural or unusual in the decision of Shri Harishankar (father) to give his share in the joint family property to the appellant (Son who taken care of him). Any person of ordinary prudence would have adopted the same... [[ This is a content summary only. Visit www.taxguru.in for full article.]] S. 90 Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Tanzania Posted: 14 Mar 2012 07:04 PM PDT NOTIFICATION No. 8/2012 Whereas the annexed Agreement between the Government of the Republic of India and the Government of the Republic of Tanzania for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Regarding allocation of work relating to Service Tax procedures to the Service Tax wing of the CBEC Posted: 14 Mar 2012 06:59 PM PDT Circular No. 153/04/2012 – Service Tax The work relating to Service Tax has grown multi-fold over the years with the expansion of tax base and there is an imminent need for addressing the issues referred by the field formations expeditiously for... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Notification No. 6/2012 – Central Excise (N.T.) – Dated, 13th March, 2012 Posted: 14 Mar 2012 02:06 PM PDT Notification No. 6/2012 - Central Excise (N.T.) In pursuance of rule 12CCC of the Central Excise Rules, 2002, and rule 12AAA of the CENVAT Credit Rules, 2004, and in supersession of the notification of the Government of India in the Ministry of... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Excel Tips – How to Quickly fill a series of values? Posted: 14 Mar 2012 11:56 AM PDT Use the AutoFill feature. It inserts a series of values or text items in a range of cells. Drag the AutoFill handle (the small box at the lower right of the Active cell) to copy the cell or automatically complete the series [[ This is a content summary only. Visit www.taxguru.in for full article.]] Railway Budget 2012-13 – List of New Trains Posted: 14 Mar 2012 02:52 AM PDT RAILWAY BUDGET 2012-13- List of new Express Trains, Passenger Trains, MEMU, DEMU, Extension of run and increase in frequency of trains announced in Railway Budget 2012-13. [[ This is a content summary only. Visit www.taxguru.in for full article.]] Railway Budget 2012 – 75 New Local Trains for Mumbai Posted: 14 Mar 2012 02:22 AM PDT 137 Additional Sub-Urban Services for Mumbai,Chennai & Kolkata -Minister for Railways Shri Dinesh Trivedi said with a view to further enhancing the carrying capacity of suburban services additional services are being introduced in Mumbai,... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Railway Budget 2012-13 – New Passenger Amenities Posted: 14 Mar 2012 02:17 AM PDT The allocation under passenger amenities in this year's Railway Budget has been raised to Rs. 1102 crore. The allocation under this head in 2011-12 was Rs. 762 crore. Some of the important passenger and other user friendly measures introduced or... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Railway Budget 2012-13 – Increase in Fare of All Class Travel Posted: 14 Mar 2012 02:13 AM PDT Proposed Increase not Enough to Cover Impact of Fuel Price Rise in 8 Years Railway Minister Shri Dinesh Trivedi has announced minor increase in fares so as to cause minimal impact on the common man and to keep the burden within tolerance limits in... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Railway Budget 2012-13 at a Glance – Download Budget Speech Posted: 14 Mar 2012 02:04 AM PDT 75 New Express Trains, 21 new Passenger Services, 9 DEMU and 8 MEMU services. 137 Services New Sub-Urban Services to Come up in Mumbai, Chennai & Kolkata . 725 km New Lines to be Introduced [[ This is a content summary only. Visit www.taxguru.in for full article.]] Highlights of Railway Budget 2012-13 Posted: 14 Mar 2012 02:01 AM PDT assenger fares increased marginally. The increase will be by 2 paise per km for suburban and ordinary second class; 3 paise per km for mail/express second class; 5 paise per km for sleeper class; 10 paise per km for AC Chair Car, AC 3 tier and First... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Rail Budget 2012 – Live updates Posted: 13 Mar 2012 11:20 PM PDT India Railway Budget presented today 14 March 2012 in the Parliament. Union Minister Dinesh Trivedi present the Railway Budget 2012-13. Rail fare hike possible in this budget. From last many year government not increased rail fairs. New premium... [[ This is a content summary only. Visit www.taxguru.in for full article.]] ICAI National Cost Convention-2012 to focus on Enhancing the long term enterprise value Posted: 13 Mar 2012 09:52 PM PDT The three day long 53rd National Cost Convention of Cost and Management Accountants (CMA) for the year 2012 is being organised by the Institute of Cost Accountants of India (ICAI) here in New Delhi at Vigyan Bhawan from tomorrow onwards. It will... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Maharashtra VAT Notification for Sales to Inter Oil Companies-Exemption in excess of 5 per cent Posted: 13 Mar 2012 08:07 PM PDT No.VAT 1512/CR-18/Taxation-1. - In exercise of the powers conferred by clause (a) of sub-section (4) of section 41 of the Maharashtra Value Added Tax Act, 2002 (Mat. IX of 2005) and in supersession of the Government Notification, Finance Department,... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Mechanism to Lodge Complaints for redressal of grievances with Minister concerned Posted: 13 Mar 2012 08:00 PM PDT A member of public can always approach the Minister concerned with a complaint for redressal of grievances. As per this Department's guidelines, any grievance should be redressed within a period of maximum two months of its receipt. [[ This is a content summary only. Visit www.taxguru.in for full article.]]