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Apr 3, 2012

Balance Sheet, Profit Loss A/c,Schedules as per Revised Schedule VI in Excel Format

Balance Sheet, Profit Loss A/c,Schedules as per Revised Schedule VI in Excel Format

Posted: 02 Apr 2012 08:55 PM PDT

Ministry of Corporate Affairs [MCA], Government of India, has on 3 March 2011, hosted on its website, the revised Schedule VI to the Companies Act, 1956 which deals with the Form of Balance sheet, Profit & Loss Account and disclosures to be...


Who is required to File Return Online Compulsorily for AY 2012-13?

Posted: 02 Apr 2012 08:45 PM PDT

Compulsory / Mandatory E filing of Return with digital signature and without digital signature -We can divide Assessee for Online Return Filing in two categories - one who have to submit returns online but they have the option to submit the same...


PPT on Budget 2012 – Service Tax/ Excise/ Customs Duty/ GST

Posted: 02 Apr 2012 08:42 PM PDT

We have attached below a power point presentation (PPT) on Budget 2012 - Service Tax/ Excise/ Customs Duty/ GST. Which is authored by CA Bimal Jalan. PPt Covers the following Topics. Goods And Services Tax Service Tax - 2012 Taxation of...


How to apply online For Obtaining Profession Tax Registration or Enrolment Certificate

Posted: 02 Apr 2012 08:40 PM PDT

a) Log on to the web-site of the Sales Tax Department, Govt. of Maharashtra at www.mahavat.gov.in b) Thereafter on the home page Click e-PT Registrations in e-services link. c Next, e-Registration Information – (information for PTRC or PTEC...


CA CS CWA to pay Service Tax on Accrual Basis if Turnover exceeded Rs. 50 Lakh

Posted: 02 Apr 2012 06:40 PM PDT

In case of individual / partnership firms (including LLPs) whose aggregate value from one or more premises is 50 lakhs or less in previous financial year , the service provider may pay tax on receipt basis upto 50 lakhs taxable value. Beyond 50...


Transfers of Hon'ble ITAT Members (March 2012)

Posted: 02 Apr 2012 11:59 AM PDT

Vide Order dated 29.3.2012 passed in Pursuance of the consultations of the collegiums of the Income tax Appellate Tribunal consisting of the President and two senior-most Vice-Presidents, the following Members of the Income Tax Appellate Tribunal...


Excel Tips – Most useful Keyboard Shortcuts

Posted: 02 Apr 2012 09:06 AM PDT

Display or Hide the ribbon? - Press CTRL+ F1.. Go to the last used cell in a sheet? Press CTRL + End. Select cells from any cell to the last cell in the sheet's used range?


Empanelment with Dena Bank for Concurrent Audit for 2012-13

Posted: 02 Apr 2012 07:07 AM PDT

Applications are invited for web based registration of CA firms for the purpose of preparing a fresh panel of Audit Firms which will be used for selection of suitable Auditors for Appointment as Concurrent Auditors for the year 2012-13.


Uploading the MVAT and CST Returns for period ending on 31st March 2012

Posted: 02 Apr 2012 06:57 AM PDT

All the dealers are requested to use latest templates for uploading their Returns. (Version1.2.5 for MVAT Returns and Version 1.2.6 for CST Returns.) Ø There is no change in the due dates, for filing the Returns for the period ending on...


Which ITR should be used & by whom for A.Y. 2012-13?

Posted: 02 Apr 2012 06:39 AM PDT

ITR 1 Who cannot use this Return Form? This Return Form can not be used by an individual whose total income for the assessment year 2011-12 includes, (a) Income from more than one house property; or (b) Income from Winnings from lottery or income...


ITR 1 (Sahaj) – Applicable to whom and who cannot use?

Posted: 02 Apr 2012 06:08 AM PDT

Income tax Department has recently issued Income tax notification 14 dated 28.03.2012 by which it has specified that Individuals who is a resident and has (i) assets (including financial interest in any entity) located outside India; or (ii) signing...


Demand to return amount essential ingredient to constitute offence punishable u/s. 138 of NI Act

Posted: 01 Apr 2012 11:16 PM PDT

The Delhi high court has stated that while issuing a notice under Section 138 of the Negotiable Instruments Act, an omnibus notice without specifying the amount due under the dishonoured cheque, not even calling upon the alleged accused to pay the...


NEW MVAT and CST Return Templates , Due Dates for March 2012 MVAT Returns

Posted: 01 Apr 2012 10:22 PM PDT

The Department of Sales Tax, Maharashtra State has introduced the new version 1.2.5 of MVAT Returns Forms and new version 1.2.6 of CST Return Form and the same are required to be used for submission of March 2012 returns and onwards.


CWA – President Communiqué April, 2012

Posted: 01 Apr 2012 09:33 PM PDT

The students may be pleased to know that the suggested answers for December 2011, has been hosted on the website and is available for download to registered students of the Institute. The Examination notice for June 2012 examinations has been issued...


Companies must obtain permission to operate FCA abroad

Posted: 01 Apr 2012 09:30 PM PDT

A. P. (DIR Series) Circular No.101 An Indian party will now be allowed to open, hold and maintain Foreign Currency Account (FCA) abroad for the purpose of overseas direct investments subject to the following terms and conditions: The Indian...


Use of International Debit Cards/Store Value Cards/Charge Cards/Smart Cards by Resident Indians while on a visit outside India

Posted: 01 Apr 2012 09:20 PM PDT

A. P. (DIR Series) Circular No.102 Attention of all Authorised Persons, who are authorised to issue foreign currency pre-paid cards to resident Indians visiting outside India, is invited to Para B(5) of the A. P. (DIR Series) Circular No. 46 dated...


Exposure Draft of Guidance Note On Cost Accounting Standard on Packing Material Cost (CAS-9)

Posted: 01 Apr 2012 09:05 PM PDT

Cost Accounting Standards Board, the standard-setting body of the Institute, has approved the release of Exposure Draft of Guidance Note on Cost Accounting Standard - 9 on Packing Material Cost (CAS - 9). The proposed Exposure Draft may be modified...


Amends Notification No.18/2012-Central Excise, dated 17th March, 2012

Posted: 01 Apr 2012 09:02 PM PDT

Notification No. 22/2012-Central Excise Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance...


SEBI approves listing of stock exchanges

Posted: 01 Apr 2012 09:01 PM PDT

Networth and Ownership Norms for MIIs: The Stock Exchanges will have minimum net worth of Rs.100 crores and the Existing Stock Exchanges will be given 3 years to achieve this networth of Rs.100 crores. The minimum networth for the Clearing...


Amends Notification No. 36/2001-Customs(N.T) dated 3rd August 2001 vide Notification No. 30/2012 – Customs (N. T.)

Posted: 01 Apr 2012 09:00 PM PDT

Notification No. 30/2012 - 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...


Central Excise (Third Amendment) Rules, 2012 – Amends Rule 7,11,22 of Central Excise Rules, 2002

Posted: 01 Apr 2012 08:59 PM PDT

Notification No.22/2012--Central Excise (N.T.) Short title and commencement.- (1) These rules may be called the Central Excise ( Third Amendment) Rules, 2012. (2) They shall come into force on the date of their publication in the Official...


Amends Notification No. 101/2004-Customs (N.T.), dated the 31st August, 2004 vide Notification No. 29/2012 – Customs (N. T.)

Posted: 01 Apr 2012 08:59 PM PDT

Notification No. 29/2012 – Customs (N. T.) In exercise of the powers conferred by sub-section (1) of section 5 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government hereby makes the following further amendment in the notification of...


Amendment in Excise Duty rates of Food grade hexane,Naphtha

Posted: 01 Apr 2012 08:56 PM PDT

Notification No.21/2012-Central Excise Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance...


Anti-dumping duty on imports of non radial bias tyres, tubes & flaps originating in, or exported from, China PR and Thailand

Posted: 01 Apr 2012 08:55 PM PDT

Notification No. 17/2012-Customs (AD) Amends notification No. 117/2010-Customs dated the 18th November, 2010 so as to continue, up to and inclusive of 07th October, 2012, the anti-dumping duty on imports of 'new/unused pneumatic non radial bias...

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