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Service Tax- New Approach
BRIEF OF FEW CHANGES MADE IN SERVICE TAX BY FINANCE ACT, 2012, APPLICABLE FROM 1, JULY, 2012 Budget has unhered a new system of taxation of services known as Negative List Approach. Till now services of specified description were sub
Audit pill for many ills of democratic governance
Democratic Government is: Government by the People, for the People and of the People -Abraham Lincoln[1] In democratic government, representative elected by the common people has the duty to ensure proper management of resources and good governa
Fishing inquiries unconnected with reasons
It is generally seen in the reassessment proceedings u/s 147 of Income Tax Act, 1961, the assessing officers tend to make inquiries and ask ques
Basic concepts of CMA data
Basic concepts of CMA data Introduction: Credit Monitoring Arrangement (CMA) data is a very important area to understand by a person dealing with finance in an organisation. It is a critical analysis of current & projected financial statements
Chartered Accountants in Treasury & Capital Markets
If you enjoy the thrills of trading and are fully aware of the risks involved, then treasury/ capital markets should be your choice of career. This is the division where financial products such as equities, bonds, currencies and other exotic produ
Manpower supply prior or Post 1st July, 2012
Whether employees sent on deputation to subsidiary/ associate companies amount to manpower recruitment or supply service before or after 1st July, 2012 Citation : 2012-TIOL-855-CESTAT-DEL Appellant (s) : ITC Ltd Respondent (s) : Commission
The Champion in Me
I was 2 days old & was surrounded by all kinds of people. Someone was a millionaire, someone was a business tycoon followed by people of all different caste & creed & everyone laughing on me. I looked u
At the verge of financial reporting
At the verge of financial reporting- MCA comes up with amended format for Abridged Balance Sheet and Profit and Loss Account Just as companies have declared the financial results for FY 2011-12, the Ministry of Corporate Affairs (MCA&rdqu
India's Reform Path: 21 Years on
The one word cover story of the Worlds Most Reputed Magazine set a lot of hue and cry a few days ago! It was the biggest humiliation when the real architect of 91 economic reforms was accused of being Underachiever. All said and done!!! Even
Introduction of Negative List - Changes in Service Tax law
Introduction of Negative List - Changes in Service Tax law effective 01.07.2012 1. INTRODUCTION 1.1 The Union Finance Minister announced implementation of a ne
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