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Archive: 25 March 2012

Posts in 25 March 2012

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 16, 2024 3873 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 14, 2024 3501 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

Excel Tips – alternative to Cell comment

March 25, 2012 3216 Views 0 comment Print

Yes, there is. It’s called Data validation Input message. Select the cell(s) in which you want to see the message. On the ribbon, click the tab then click . Click the [Input Message] tab .Check the option ‘Show input message when cell is selected’. Type your message heading text in the Title box. This text will appear in bold print at the top of the message. Type your message in the Input message box. Click OK.

Baseline Report on Efforts of Government in Tackling Black Money

March 25, 2012 786 Views 0 comment Print

Black money does not limit itself to the geo- political boundaries. It transcends borders and has become a global problem. The countries across the world have started a concerted global effort and as a part of global effort against black money, India has played a proactive role in pointing out deficiencies in the assessment of various countries by the Peer Review Group of the Global Forum. Government is also playing an active role in ensuring that these countries remove the deficiencies to bring more transparency.

CBEC Clarifies On Levy of Excise Duty on Precious Metal Jewellery

March 25, 2012 3003 Views 0 comment Print

Press reports after the presentation of the budget on 16.03.2012 indicate that the full import of the provisions contained in the legislation related to the levy of excise duty of 1% on precious metal jewellery are not clear to the trade.

Download Outcome Budget 2012-13

March 25, 2012 2730 Views 0 comment Print

The Outcome Budget reflects the endeavour of the Government to convert Outlays into Outcomes by planning expenditure, fixing appropriate targets and quantifying deliverables of each scheme. The Outcome Budget is an effort of the Government to be transparent and accountable to the people.

IASB issues amendments to IFRS 1

March 25, 2012 792 Views 0 comment Print

The International Accounting Standards Board (IASB) today issued amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards.

Deposit of award amount into court is nothing but payment to credit of decree holder – SC

March 25, 2012 7189 Views 1 comment Print

Learned counsel for the parties are ad idem that the Arbitrator has not exercised any discretion in the matter pertaining to the interest for the post-award period. Obviously, in absence thereof, by virtue of Section 31(7)(b) of the Act, the award would carry interest @ 18% p.a. from the date of the award till 5the date of payment. Whether May 24, 2001 when the entire award amount was deposited by the appellants into the High Court is the date of payment ?

In fraud cases despite settlement court can prosecute offenders for criminal offence -SC

March 25, 2012 3548 Views 0 comment Print

The issue which has been raised in this writ petition is whether an offence which is not compoundable under the provisions of the Criminal Procedure Code, 1973, hereinafter referred to as the Cr.P.C., can be quashed in the facts and circumstances of the case.

Banker Defrauds Chartered Accountant

March 25, 2012 1951 Views 0 comment Print

AN INVESTMENT banker has found himself in the grip of the law for allegedly defrauding a chartered accountant to the tune of GH¢182,500 under the pretext of supporting him to purchase 25,000 metric tonnes of sugar.

I-T department will not act like a policeman, DTC to to be made operational by 2013 -FM

March 25, 2012 666 Views 0 comment Print

The government on Sunday said it has no vindictive intention in retrospectively amending tax laws and has no plans to re-open a large number of old cases, while assuring India Inc that the I-T department will not act like a policeman

Management, Maintenance Or Repair Service – Application of Service Tax on Tyre Retreading Activity

March 25, 2012 6824 Views 0 comment Print

Please refer to your letter dated 30.8.2011 on the above mentioned subject addressed to the Chairman, Central Board of Excise & Customs. In the said letter you have represented that Service Tax may not be charged on the activity of retreading of tyres under ‘Management Maintenance & Repair Service’, The argument given by you is that ‘retreading of tyre’ is specifically figuring in Central Excise Tariff under TI 4012 and therefore, they are excisable goods. Hence, in your view Service Tax cannot be imposed, as Excise Duty is payable as applicable.

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