"04 April 2012" Archive

Excel Tips – Formulas to calculate Loan payments in Microsoft Excel

Formulas that calculate loan payments, principal, interest and more are found in the financial category in the Paste Function dialog box. In the screen shot is a list of functions and necessary syntax for loan calculations. See the formulas in the gray cells, and the syntax in rows 12-16. ...

Read More
Posted Under: Finance |

FM to meet protesting jewellers on 6th April

In the wake of strong protests from jewellery manufacturers on the Excise duty hike on unbranded jewellery as announced in the Union Budget, the Finance Minister Pranab Mukherjee has convened a meeting of jewellery manufacturers from major cities in New Delhi on 6th of this month....

Read More
Posted Under: Finance |

ICAI further extends CPC registration date to 9th April, 2012

In continuation of earlier announcement dated January 5, 2012, it is hereby informed that due to the closure of Banks on account of yearly closing and subsequent public holidays on 5th April, 2012 (Mahavir Jayanti) and 6th April, 2012 (Good Friday), the last date for registration for Common Proficiency Course (CPC) shall be 9th April, 201...

Read More
Posted Under: Finance |

S.80HHC – DEPB credit falls under s. 28 (iiib) & DEPB premium falls under Section S.28(iiid)

Pal Enterprises Vs CIT (Delhi High Court)

The decision of Bombay High Court in the case of Kalpataru Colours & Chemicals (supra) has been set aside and reversed by the Supreme Court in their decision dated 8.02.2012 in the case of Topman Exports Vs. Commissioner of Income Tax, Mumbai (C.A. No.1699/2012) and other cases. In this decision, it has been held that the DEPB credit fall...

Read More

Sub sections (2) & (3) of S.14A workable only wef date of introduction of Rule 8D

JCIT(OSD) Vs M/s Surya Food & Agro (P) Ltd. (ITAT Delhi)

Section 14A were introduced with prospective effect from the assessment year 2007-08 onwards. However, sub-section (2) of Section 14A remained an empty shell until the introduction of Rule 8D on 24.03.2008 which gave content to the expression "such method as may be prescribed" appearing in Section 14A(2) of the said Act. ...

Read More

CBDT Objects To UN Model DTA Agreement 2011

In response to the 2011 update of the UN Model Convention which was launched on 15.3.2012, the CBDT has addressed a letter dated 12th March 2012 in which it has registered its objections to the provisions in the UN Model Convention. In particular, the CBDT has stated:...

Read More
Posted Under: Finance |

ICAI extends Last Date for Empanelment of Observers for May 2012 CA Exam

The last date for receipt of application for Empanelment for Observers for Chartered Accountants Main Examinations scheduled to be held from 2nd to 17th May, 2012 and CPT on 17th June, 2012 has been extended upto 11th April, 2012 (Wednesday). ...

Read More
Posted Under: Finance |

Authorised Dealer Category II – Can open only one Nostro account for each currency

RBI/2011-12/488 A. P. (DIR Series) Circular No. 104 04/04/2012

To ensure greater flexibility in sending remittances, it has now also been decided to allow Authorised Dealers Category-II to open Nostro accounts subject to following terms and conditions: i) Only one Nostro account for each currency may be opened; ii) Balances in the account should be utilized only for the settlement of remittances sent...

Read More

FM to inaugurate Direct Taxes Regional Training Institute complex, Bangalore on 8th April

Honorable Finance Minister, Sh. Pranab Mukherjee will inaugurate the Direct Taxes Regional Training Institute complex, Bangalore on 8th April 2012....

Read More
Posted Under: Finance |

Attention Students -Appearing June, 2012 session of CS examinations

All students appearing in June, 2012 session of CS examinations are hereby informed that detailed particulars of their examination form ( including their photograph and signature) have been uploaded on institute’s website www.icsi.edu. All students are advised to check and verify the enrollment details carefully and if any discrepancy i...

Read More
Posted Under: Finance |

Search Posts by Date

January 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031