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Demand of time

Posted by Deepak kumar sharma 23 March 2012 7877 Views

Self dependency is a fruit of true success whether it is at personal level or country level. Mere being a professional is not a sign of true success. It is mere a launch pad of a journey. Money is not the measure of true success but the hard work is



Budget 2012 - Indirect Tax (Excise and Service tax)

Posted by Manoj Pala 22 March 2012 58205 Views

Indirect Tax I. Service Tax 1.1 Amendments to be effective from 1 April 2012 1.1.1 Change in Rate of Tax Rate of service tax has been increased to 12.36 percent (including Education Cess and Secondary & Hi



Proposed income tax amendments in Budget 2012-13-Part-2

Posted by Amit Bajaj 20 March 2012 104954 Views

Consideration in excess of F.M.V of shares to be treated as income from other source if consideration received is in excess of Face Value of shares: It is proposed to insert a new clause (viib) in the aforesaid sub-section so as to provide that w



Playing 'Economic' Moneyball - The Union Budget 2012-13

Posted by Guest 19 March 2012 11208 Views

In 'Moneyball', Billy Beane the General Manager of the Oakland Athletics, a small town baseball team with a tiny budget, faces the challenge of winning games in Major League Baseball beating teams such as the New York Yankees whose budget is



Overview of Amendment in Direct Taxes(Budget 2012-13)

Posted by Ravi Agarwal 19 March 2012 110411 Views

Introduction The provisions of the Finance Bill, 2012 relating to direct taxes seek to amend the Income-tax Act, inter alia, in order to provide for- A



King's Speech - Union Budget 2012-13

Posted by CS LLB Pulkit Gupta 19 March 2012 7271 Views

"For every benefit you receive a tax is levied" Another year of Budget and another year of expectations. Lemme tell you that being Finance Minster of India is not an easy job. Especially when yo



Rajiv Gandhi Equity Savings Scheme

Posted by Indraneel Sen Gupta 19 March 2012 32417 Views

The budget is over and the market is flooded with analyst reviews about the budget. Every budget has provided some tax benefits to the Am Admi(Mango People) linked with the market returns. This time also the Union Finance Minister Shri Pranab Mukher



Budget and provisions related to Trust and society

Posted by Yogesh Agarwal 19 March 2012 13116 Views

Dear all the annual budget had finally placed by the Fin Minister. Some drastic, some dramatical, some difficult to appetite amendments are proposed in the budget.I will not discuss the entire finance bill but only the amendment proposed in relation



New paradigm in Service Tax

Posted by Arun Kumar Singh 19 March 2012 26756 Views

Rajesh Kumar, AdvocateIn 2012 budget, there has been a paradigm shift in the Service Tax Laws. The shift is affecting all businesses- whether they are in manufacturing, service providing, NGOs, Trading or even Government departments. Even individual



Budget Analysis 2012- Service Tax Proposals

Posted by CA Nikhil Jhanwar 19 March 2012 53723 Views

It comes every year, but excitement and expectations from the Budget across the sectors and masses always remains. Budget 2012-13 (a 7th Budget by Mr. FM Pranab Mukherji) was just like a Glass- half e




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