Download ITR 5 for A.Y. 2012-13 for online Return Filing

Download ITR 5 for A.Y. 2012-13 for online Return Filing Posted: 09 Jul 2012 08:00 PM PDT Who can use this Return Form -This Form can be used a person being a firm, LLPs, AOP, BOI, artificial juridical person referred to in section 2(31)(vii), cooperative society and local authority. However, a person who is required to file the return of income under section 139(4A) or 139(4B) or... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Electronic Filing of Income Tax Returns Posted: 09 Jul 2012 07:50 PM PDT July is the month when most of us in the tax bracket need to file income tax returns, more so in case of individual assessees and where audit is not required. 31st July is the last date for filing income tax returns by all individuals, firms, HUFs, etc. whose books of accounts are not subject to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] The Bermuda Triangle Mystery Created by Negative List Posted: 09 Jul 2012 07:41 PM PDT After six years of uncertainties, finally section 66A of the Finance Act, 1994 has few more days to survive. 1.7.2012 is the day when this section will cease to exist. On this date, Export of Services Rules, 2005 and Taxation of services (Provided from outside India and received in India) Rules,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Hotel Industry – Negative List is Positive !!! Posted: 09 Jul 2012 07:34 PM PDT CA. PRADEEP JAIN, CA. PREETI PARIHAR  Introduction:-  "Service tax by way of Negative list" is the beginning of a new era in the 18 years old Service tax law. Most of the existing provisions have been reviewed to line up them with the new scheme. Inspite of a no. of ambiguities regarding the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Works Contract – Negative List- Unanswered Questions Posted: 09 Jul 2012 07:23 PM PDT Service tax on Works Contract was introduced on 1.6.2007. Starting with an attractive rate of 2% service tax on the composite value of both material & labour, today it has reached the rate of 4.8% w.e.f. 1.4.2012. Under the current scheme, the works contract covers only immovable properties,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Mere discrepancy in mentioning vehicles nos. on gate pass cannot make Purchases bogus Posted: 09 Jul 2012 07:22 PM PDT The AO has simply mentioned in the asstt. Order that on enquiry some of the vehicles shown to have been involved in the supply of seeds have been found to be two-wheelers and cars and not trucks & metadors, but has not given any specific instance. Therefore, the charge made by the AO to this... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Money withdrawn from joint a/c belongs to one who withdraws it Posted: 09 Jul 2012 07:20 PM PDT The monies held in the account must be regarded as being at the joint disposal of Mr and Mrs Pflum which means when the mandate is such that either party can draw on them, that either party is free to withdraw and spend them as he or she wishes. In practice most withdrawals were made by Mrs Pflum... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] No cut off for info available in public domain to be considered by TPO for computing ALP Posted: 09 Jul 2012 06:52 PM PDT After going through the above provisions of law, it is clear that the Act has not provided for any cut off date up-to which only the information available in public domain has to be taken into consideration by the TPO, while making the transfer pricing adjustments and arriving at arm's length... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] CA student can apply online for for Verification/Inspection/Supply of Copies of Evaluated Answer Books Posted: 09 Jul 2012 06:14 PM PDT Requests for verification/inspection/supply of copies of evaluated answer books of CA exams can be made either through handwritten applications or on-line from http://icaiexam.icai.org and the applicable fees can also be paid on-line, either through VISA/MASTER credit/debit card. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] From today Tatkal Rail Ticket Booking to start at 10 A.M. Posted: 09 Jul 2012 04:47 PM PDT The Ministry of Railways has further streamlined the delivery of tickets under Tatkal Scheme and the new amendment in the scheme will come into effect from tomorrow i.e. 10th July 2012 (Tuesday). Under the new amendment the booking of Tatkal tickets will start at 10.00 hours on the previous day of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Net Direct Tax Collections During April-June 2012 up by 47.16% Posted: 09 Jul 2012 04:38 PM PDT Gross Direct Tax collections during April-June of the Financial Year 2012-13 was up by 6.77 percent at Rs. 1,11,182 crore as against Rs. 1,04,135 crore in the same period during the last year. Gross collection of Corporate Taxes showed an increase of 3.48 percent and stood at Rs. 70,594 crore as... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Prudential Guidelines on Capital Adequacy – Treatment of Head Office Debit Balance – Foreign Banks Posted: 09 Jul 2012 04:18 PM PDT A reference is invited to the paragraph 4.2.3 - Notes (iv) of the Master Circular on Capital Adequacy and Market Discipline- New Capital Adequacy Framework (NCAF) dated July 2, 2012, wherein it is mentioned that 'the net credit balance, if any, in the inter-office account with Head... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Remittance Facilities for Non-Resident Indians/Persons of Indian Origin/Foreign Nationals – Master Circular No. 8/2012-13 Posted: 09 Jul 2012 04:05 PM PDT MASTER CIRCULAR NO. 8/2012-13, DATED 2-7-2012 - Remittance facilities for Non-Residents /Persons of Indian Origin /Foreign Nationals are being governed by sub-section (1) and (2) of section 6 of the Foreign Exchange Management Act, 1999 read with FEMA Notification No.13/2000-RB and FEMA... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Compounding of Contraventions under FEMA, 1999 – Master Circular No. 9/2012-13 Posted: 09 Jul 2012 04:03 PM PDT MASTER CIRCULAR NO. 9/2012-13, DATED 2-7-2012 - The compounding of contraventions under Foreign Exchange Management Act (FEMA), 1999 is a voluntary process by which an applicant can seek compounding of an admitted contravention of any provision of FEMA, 1999 under Section 13(1) of the FEMA, 1999.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Memorandum of Instructions governing money changing activities -Master Circular No. 10/2012-13 Posted: 09 Jul 2012 03:57 PM PDT Master Circular No. 10/2012-13, dated 2-7-2012 - This Master Circular consolidates the existing instructions on the subject of Memorandum of Instructions governing money changing activities at one place. The list of underlying circulars/notifications is set out in Appendix. 2. This Master Circular... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Section 46 of the Prevention of Money Laundering Act, 2002 – Special Courts – Application of Cr. PC, 1973 to proceedings before Special Court – Appointment of Special Public Prosecutor Posted: 09 Jul 2012 02:38 PM PDT In exercise of the powers conferred by sub-sections (1) and (2) of section 46 of the Prevention of Money Laundering Act, 2002 (15 of 2003) read with sub-sections (7) and (8) of section 24 of the Code of Criminal Procedure, 1973 (2 of 1974), the Central Government hereby appoints Shri Mumtaz A.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]