Residential Property Market – Time to Invest?

ICAI's Guidance Note on Maintenance of Cost Accounting Records Posted: 28 May 2012 07:07 PM PDT Section 209(1) (d) of the Companies Act, 1956, incorporated in 1965, is the backbone of statutory cost accounting in the Indian corporate sector. This framework put to practice, through promulgation of Cost Accounting Records Rules by the Government, has inculcated a sense of cost consciousness in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Issues in Processing of Income Tax Returns at CPC Posted: 28 May 2012 06:55 PM PDT The following assessees have to file compulsorily e return only: - Limited Companies - Compulsory Audit Cases - from A.Y. 2012-13 Individuals/HUFs having Total Income above Rs. 10 Lakhs and assessees who have got foreign assets. To be filed with digital signature only for Limited Companies and for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Residential Property Market – Time to Invest? Posted: 28 May 2012 06:23 PM PDT The residential property market in India, particularly in the Tier I & II cities, has remained sluggish for the past 12 months, with significantly lower sale volumes, especially when compared to the high absorption rates of 2010. Home loan interest rates now seem to be declining from their... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Download Finance Act, 2012 as Assented by President Posted: 28 May 2012 06:15 PM PDT Honourable President of India has Given its Assent to Finance Bill 2012 or Budget 2012-13 on 28.05.2012. The Finance Bill 2012 already received the assent of Lok Sabha & Rajya Sabha. You can also download Finance Bill 2012, We have provided link for the same at the bottom of the post. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Actual wastage cannot be compared with fixed standard because of various factors Posted: 28 May 2012 05:54 PM PDT Assessee has maintained quantitative records wherein full details of newsprint purchased and used are given. The assessee has also explained the reason for excessive wastage before the Assessing Officer. The Assessing Officer, however, without rejecting the contentions of the assessee, relied on... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] IRDA Guidelines on approval/renewal of agents training institutes Posted: 28 May 2012 12:10 PM PDT Circular no. IRDA/AGTS/CIR/GLD/120/05/2012 The Authority has issued standard instructions and guidelines applicable for approval/renewal of agents training institutes vide Ref: IRDA/AGTS/CIR/GLD/269/12/2011, dated 7th December, 2011. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] I-T department forms lawyer teams to fight black money cases Posted: 28 May 2012 09:29 AM PDT The Income Tax department has initiated a special country-wide exercise to engage a battery of lawyers for fighting black money cases and filing prosecution in a host of other tax evasion cases. Finance Minister Pranab Mukherjee, in his white paper on black money tabled during the recently... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Conversion of Term Deposits, Daily Deposits or Recurring Deposits for Reinvestment in Term Deposits by State and Central Co-operative Banks Posted: 27 May 2012 10:35 PM PDT As per the instructions contained in paragraph 11 of circular RPCD.No.RF.DIR.BC.53/D.1-87/88 dated November 2, 1987 on Interest Rates on Deposits, StCB/DCCB on request from the depositor, should allow closure of a term deposit, a deposit in the form of daily deposit or recurring deposit, to enable... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]