CAclubindia News

Sunset Date for Tax Exemption in Power Sector Extended

16 March 2012 at 13:26

To Promote Investment, Weighted Deduction for Expenditure in R&D and AGRI-Extension Services Proposed Sunset Date for Tax Exemption in Power Sector Extended In the General Budget 2012-13 presented by the Union Finance Minister ShriPranab Mu

Posted in Others | 4167 Views

Unexplained Money to be Taxed at 30 Per Cent

16 March 2012 at 13:24

Slew of Measures Proposed to Deter Generation and Use of Unaccounted Money Tax Collection at Source on Cash Purchase of Bullion/Jewellery Above Rs. 2 Lakh Tax Collection at Source on Trading in Coal, Lignite and Iron Ore Unexplained Money to be

Posted in Others | 4719 Views

Measures Introduced to Allow Corporates to Access Lower Cost Funds; Promote Higher Level of Investments in Several Sectors

16 March 2012 at 13:21

Rate of Withholding Tax on Interest Payments on ECBs Proposed to be Reduced to 5 Per Cent From 20 Per Cent Restriction on Venture Capital Funds to Invest in Specified Sectors Removed Rate of Investment Linked Deduction of Cap

Posted in Others | 2268 Views

Exemption Limit for Individual Taxpayers Raised to Rs. 2 Lakh-Upper Limit of 20 Per Cent Tax Slab Raised to Rs. 10 Lakh

16 March 2012 at 13:18

Exemption Limit for Individual Taxpayers Raised to Rs. 2 Lakh Upper Limit of 20 Per Cent Tax Slab Raised to Rs. 10 Lakh Deduction up to Rs. 10,000 Proposed for Savings Bank Interest Senior Citizens not Having Income from Business Exempted from Pay

Posted in Others | 5949 Views

Government Keen on Early Enactment of DTC Bill

16 March 2012 at 13:13

Model Legislation for GST on the Anvil National Information Utility to be Operational by August The Union Finance Minister ShriPranab Mukherjee today expressed firm commitment to enact the Direct Taxes Code (DTC) Bill at the earliest, after exp

Posted in Others | 2976 Views

Summary - Union Budget 2012-13

16 March 2012 at 13:09

BUDGET IDENTIFIES FIVE OBJECTIVES RELATING TO GROWTH, INVESTMENT, SUPPLY BOTTLENECKS, GOVERNANCE, AND REMOVING MALNUTRITION AMENDMENT TO FRBM ACT INTRODUCED AS PART OF FINANCE BILL CENTRAL SUBSIDIES TO BE KEPT UNDER 2 PER CENT OF GDP; TO BE F

Posted in Others | 3 comments | 48855 Views

Union Budget 2012-13 Highlights

16 March 2012 at 13:09

Budget identifies five objectives relating to growth recovery, private investment, supply bottlenecks, malnutrition and governance matters GDP growth to be 7.6 per cent (+ 0.25 percent) during 2012-13

Posted in Others | 13 comments | 39246 Views

Vanishing Companies

15 March 2012 at 18:13

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that the Companies Bill, 2011 provides for more detailed requirements in the form disclosures/declarations to be made by companies, and their

Posted in Corporate Law | 3060 Views

Limited Liability Partnership

15 March 2012 at 18:13

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that the Limited Liability Partnership Act, 2008 (LLP) which came into effect from March 31, 2009, provides for any individual or body corpor

Posted in Corporate Law | 3915 Views

ICAI National Cost Convention-2012 begins - RPN Singh calls for public friendly Accounting

15 March 2012 at 17:11

Shri R.P.N. Singh, Minister of State for Corporate Affairs has emphasized upon public friendly Accounting. Inaugurating the three day long 53rd National Cost Convention of Cost and Management Accountants (CMA) for the year 2012 organised by the In

Posted in Corporate Law | 3519 Views