Professionals to Pay Service Tax @ 12% for Invoice Raised before 01.04.2012

Extension Of Time Limit To Process Application For Recognition Of EPF Organisation Posted: 15 May 2012 08:27 PM PDT Rule 4 in Part A of the Fourth Schedule provides for conditions which are required to be satisfied by a Provident Fund for receiving or retaining the status of "recognized provident fund". One of the requirements of rule 4 [clause (ea)] is that the establishment shall obtain exemption under section... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Professionals to Pay Service Tax @ 12% for Invoice Raised before 01.04.2012 Posted: 15 May 2012 08:20 PM PDT Up to 31.03.2012, if the following 8 services provided by individuals or proprietary firms or partnership firms then these services shall be deemed to have been provided on the date on which payment is received: [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Amendments Proposed in Provisions Relating to GAAR Posted: 15 May 2012 08:08 PM PDT The following government amendments have been proposed in the provisions relating to General Anti-Avoidance Rules (GAAR) contained in the Finance Bill 2012. i) To remove the onus of proof from the tax-payers to the Revenue Department before any action can be initiated under GAAR. ii) To introduce... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Amendment to Scheme of Authority For Advance Ruling In Case of GAAR Posted: 15 May 2012 01:28 PM PDT The Finance Bill, 2012 as passed by the Lok Sabha amends Sections 245N and 245R wef April 1, 2013. After the amendment any person (resident or non-resident) may make an application to AAR for determination by it whether an arrangement, which is proposed to be undertaken by him/it, is an... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] CA student Commit Suicide on failure in Exam Posted: 15 May 2012 12:16 PM PDT A girl student allegedly committed suicide by hanging herself with a ceiling fan after she remained unsuccessful in Chartered Accountant (CA) exams in Kathua district of Jammu and Kashmir. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Form 16 Excel Utility for F.Y. 2012-13 Posted: 15 May 2012 10:29 AM PDT This Excel utility is fully automated. Just put the data in Data input sheet and it will prepare the Form-16 automatically. User can also take printout of Form 16 prepared through this utility. Format if form 16 is latest and applicable from A.Y. 2013-14 and F.Y. 2012-13. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Download Form-16 with 24Q (Annual Return) in Excel Format Posted: 15 May 2012 10:00 AM PDT Automated Form 16 Preparation Software which can prepare at Form 16 of 50 Employees from the details of 24Q Annual Return Form. Master Form-16 New Financial Year 2012-13 / Assessment Year 2013-14 Master Form-16 New Financial Year 2011-12 / Assessment Year 2012-13 [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Procedure & documents required in respect of Single/Centralised Registration under Rule 4 of Service Tax Rules,1994 Posted: 15 May 2012 09:51 AM PDT Trade Notice no. 07/ST/2012 A service provider opting for Centralised Registration for the first time for all their branches or converting from single registration(s) to centralised registration under Rule 4(2)(iii) of Service Tax Rules, 1994 shall fill the ST-1 Form online available at... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Download House Rent Allowance (HRA) Calculator Posted: 15 May 2012 09:44 AM PDT This Calculator calculates House Rent Allowance which is exempt from tax U/s. 10(13) of The Income Tax Act, 1961. The calculator is in excel format and it calculates the allowance which will be exempt from tax automatically. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Download Loan and EMI calculator for Free Posted: 15 May 2012 12:20 AM PDT By using any one of these software you can calculate EMI, Rate of Interest, Total Interest during the loan period, EMI Schedule etc. of your Home loan, Auto Loan Etc:- [[ This is a content summary only. Visit my website for full links, other content, and more! ]] FDI up to 100 per cent under automatic route covers only financial leases & not operating leases Posted: 14 May 2012 09:51 PM PDT A.P. (DIR Series) Circular No. 127 It is clarified that the activity 'leasing and finance', which is one among the eighteen NBFC activities wherein FDI up to 100 per cent is permitted under the automatic route, subject to minimum capitalisation norms, covers only 'financial leases' and not... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Change in CA Final Exam Venue at Patna Posted: 14 May 2012 09:27 PM PDT In view of setting up of polling booth(s) in T.P.S. College, Chirraiya Tand, Patna – 800 001 for election to the Patna Municipal Corporation on 17th May, 2012, the Chartered Accountants Final Examination (Paper 8) and the Insurance and Risk Management (IRM) Examination (Module 4) scheduled for 17th... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Info on Tax Treaties Entered with Foreign Countries Posted: 14 May 2012 09:16 PM PDT Till date, India has signed Bilateral Investment Promotion and Protection Agreements (BIPAs) with 82 countries, starting with the United Kingdom in 1994. Of these 82 countries, BIPAs with 72 countries have been enforced. The list of 82 countries and texts of 72 enforced BIPAs are available on the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Conditions and modalities for registration of contracts with DGFT for export of sugar Posted: 14 May 2012 09:00 PM PDT Policy Circular No. 62 (RE-2010)/2009-14 As per Notification No. 117 (RE-2010)/2009-14 dated 14.05.2012 export of sugar has been made Free subject to registration of export contracts with DGFT for ITC(HS) Code 17010000. Procedure for registration of contracts is described below. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Areca nut (i.e. Betel nut) under SIONs (including Leather SIONs), disallowing import thereof Posted: 14 May 2012 08:59 PM PDT PUBLIC NOTICE NO. 112 (RE2010)/2009-2014 Henceforth, import of Areca nut (i.e. Betel nut) as an input would be permitted only when it is by an actual user; or by anybody (including the actual user) if it is specifically mentioned in the SION of the export product. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Income Tax – Empanelment of Senior / Junior Standing Counsel, Nagpur Posted: 14 May 2012 08:58 PM PDT The Income-tax Department intends to empanel Senior/ Junior Standing Counsel to represent it before the Nagpur Bench of Bombay High Court and Subordinate Courts/other Judicial forums. Applications are invited from members of Bar Council of Bombay High Court having experience in dealing with... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Expression of Interest for Managed Service Provider for setting up of Tax Information Network Posted: 14 May 2012 08:50 PM PDT Income Tax Department has issued "Invitation for Expression of Interest (EOI) for Selection of Managed Service Provider for setting up and maintenance of Tax Information Network Project for ITD" . Interested bidders may like to apply as per the EOI document. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Amends Notification No. 36/2001-Customs(N.T) dated 3rd August 2001 Posted: 14 May 2012 08:48 PM PDT Notification No. 42/2012 - 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 to do, hereby makes the following amendment in the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Removal of anti-dumping duty from '6 day light tyre curing press for manufacture of bi-cycle tyres' Posted: 14 May 2012 08:40 PM PDT Notification No. 26/2012 - Customs (ADD) Now, therefore, in exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the said Customs Tariff Act and in pursuance of rules 18 and 20 of the said rules, the Central Government hereby makes the following amendment in the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Regarding extension of the said levy further for a period of one year Posted: 14 May 2012 08:38 PM PDT Notification No. 25/2012-Customs (ADD) Whereas, the designated authority vide notification F.No. 15/12/2011-DGAD, dated the 21st March, 2012, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 21st March, 2012, had initiated review in terms of sub-section (5) of section... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Seeks to provide provisional assessment to imports of PVC Flex Film, originating in or exported from China PR by M/s M/s Haining Tianfu Wrap Knitting Co Ltd, China PR ( Producer) and M/s Manna, Korea RP (Exporter), pending the outcome of New Shipper Review Posted: 14 May 2012 08:34 PM PDT Notification No.24/2012-Customs (ADD) Whereas in the matter of import of PVC Flex Film (hereinafter referred to as the subject goods), falling under Chapter 39 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, the People's Republic of China... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Seeks to amend notification no. 10/2008-Customs, dated 15th January, 2008(India-Singapore CECA). Posted: 14 May 2012 07:49 PM PDT Notification No. 36/2012-Customs Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 10/2008-Customs, dated the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Seeks to amend notification no. 75/2005-Customs, dated 22nd July, 2005(India-Singapore CECA) Posted: 14 May 2012 07:47 PM PDT Notification No. 35/2012-Customs In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Seeks to amend notification no. 74/2005-Customs, dated 22nd July, 2005(India-Singapore CECA) Posted: 14 May 2012 07:45 PM PDT Notification No. 34/2012-Customs In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Seeks to amend notification no. 73/2005-Customs, dated 22nd July, 2005 (India-Singapore CECA) Posted: 14 May 2012 07:43 PM PDT Notification No. 33/2012-Customs In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the... 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