Service Tax Accounting Codes re-introduced in Registration Form

Service Tax Accounting Codes re-introduced in Registration Form Posted: 05 Dec 2012 06:39 PM PST SERVICE TAX (FIFTH AMENDMENT) RULES, 2012 – AMENDMENT IN FORM ST-1 AND INSERTION OF ANNEXURE AFTER ACKNOWLEDGEMENT NOTIFICATION No. 48/2012-ST [F.No. 137/22/2012-ST]/GSR 858 (E), dated 5-12-2012 In exercise of the powers conferred by sub-section(l) read with sub-section (2) of section 94 of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Amendment of Minimum Wages Act Posted: 05 Dec 2012 06:15 PM PST As per the existing provisions of Minimum Wages Act, minimum wages are revised quinquennially in the Central Sphere. In order to protect the minimum wages against inflation, the Central Government introduced the idea of Variable Dearness Allowance (VDA) since 1989. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Effect of MAT on SEZ on Investors Posted: 05 Dec 2012 06:13 PM PST The provisions of Minimum Alternate Tax (MAT) have been made applicable to Special Economic Zone (SEZ) Developers and Units with effect from 1st April, 2012. The SEZ sector has seen a sharp slowdown due to a number of reasons including withdrawal of exemption from MAT and Dividend Distribution Tax... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Delay of 1529 days in filing cross objections due to oversight cannot be condoned Posted: 05 Dec 2012 11:22 AM PST There is no dispute on the fact of delay of 1529 days as well as on non-furnishing of any affidavit by the Counsels affirming that assessee had a conference with the Counsels which give raise to the necessity of filing the impugned cross objections. Further, there is no explanation as to why and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Prior to 1-4-2013 MAT Provision not applicable to insurance companies Posted: 05 Dec 2012 11:16 AM PST There is no quarrel on the point that the assessee, being an insurance company is not required to prepare its accounts as per Parts II & III of Schedule VI of the Companies Act, 1956. Sub-section (2) of section 211 are required every profit and loss accounts of the Companies shall be prepared... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Income earned from foreign branches being PE not taxable in India Posted: 05 Dec 2012 11:12 AM PST In all foreign countries operation was carried out through assessee's branches which was a permanent establishment situated outside India. Hence, the income attributable to these branches cannot be taxed in India. This issue has also been decided in favour of the assessee by Tribunal in assessee's... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Approval by Central Government must to claim deduction u/s.10B for 100% EOU Posted: 05 Dec 2012 11:05 AM PST In the instant case, there is no notification or official document suggesting that either the Interministerial Committee, or any other officer or agency was nominated to perform the duties of the Board (constituted under section 14 of the IDR Act), for purposes of approvals under section 10-B. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Download Excel Gantt Chart Maker Posted: 05 Dec 2012 10:46 AM PST ABCAUS Excel Gantt Chart Maker Gantt charts illustrate the start and finish dates of the terminal elements and summary elements of a Schedule. With this excel based Gantt Chart Maker, Bar Chart of various schedules, like an Audit Program can be prepared. Download ABCAUS Excel Gantt Chart Maker