"25 March 2012" Archive

Excel Tips – alternative to Cell comment

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 ...

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Posted Under: Finance | ,

Baseline Report on Efforts of Government in Tackling Black Money

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 cou...

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Posted Under: Finance |

CBEC Clarifies On Levy of Excise Duty on Precious Metal Jewellery

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....

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Posted Under: Finance |

Download Outcome Budget 2012-13

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. ...

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Posted Under: Finance |

IASB issues amendments to IFRS 1

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

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Posted Under: Finance |

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

H.P. Housing & Urban Development Authority & ANR. Vs Ranjit Singh Ranaf India (Supreme Court of India)

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. Whethe...

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

Ashok Sadarangani & ANR. Vs Union of India & Ors. (Supreme Court of India)

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....

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Banker Defrauds Chartered Accountant

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....

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Posted Under: Finance |

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

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...

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Posted Under: Finance |

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

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 'retr...

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Posted Under: Finance |

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