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Archive: 2012

Posts in 2012

Download Loan and EMI calculator for Free

May 15, 2012 46059 Views 2 comments Print

By using any one of these software you can calculate EMI, Rate of Interest, Total Interest during the loan period, EMI Schedule etc. of your Home loan, Auto Loan Etc:-

FDI up to 100 per cent under automatic route covers only financial leases & not operating leases

May 15, 2012 2201 Views 0 comment Print

It is clarified that the activity ‘leasing and finance’, which is one among the eighteen NBFC activities wherein FDI up to 100 per cent is permitted under the automatic route, subject to minimum capitalisation norms, covers only ‘financial leases’ and not ‘operating leases’, in so far as the NBFC sector is concerned.

Change in CA Final Exam Venue at Patna

May 15, 2012 996 Views 0 comment Print

In view of setting up of polling booth(s) in T.P.S. College, Chirraiya Tand, Patna – 800 001 for election to the Patna Municipal Corporation on 17th May, 2012, the Chartered Accountants Final Examination (Paper 8) and the Insurance and Risk Management (IRM) Examination (Module 4) scheduled for 17th May, 2012 will now be held in Christ Church Diocesan School, Collectorate Road, Near Gandhi Maidan, Patna – 800 001 [in place of at the T.P.S. College]. The Examination timing shall remain the same, viz. 2.00 PM to 5.00 PM (IST), and the Admit Cards already issued to the candidates will be valid for the new venue also.

Info on Tax Treaties Entered with Foreign Countries

May 15, 2012 886 Views 0 comment Print

Till date, India has signed Bilateral Investment Promotion and Protection Agreements (BIPAs) with 82 countries, starting with the United Kingdom in 1994. Of these 82 countries, BIPAs with 72 countries have been enforced. The list of 82 countries and texts of 72 enforced BIPAs are available on the Ministry of Finance website http://finmin.nic.in. Besides, India has signed 17 Free Trade Agreements (FTAs)/Comprehensive Economic Partnership Agreement (CEPA)/Comprehensive Economic Cooperation Agreement (CECA)/Preferential Trade Agreements (PTAs). The details of these Agreements are available on Department of Commerce’s website http://commerce.gov.in.

Tariff Value – Hike in Brass Scrap; Decrease for Gold and Silver

May 15, 2012 2109 Views 0 comment Print

The Central Board of Excise and Customs (CBEC), Department of Revenue, Ministry of Finance has issued a Notification No. 42/2012-Customs (N.T.) dated May 15, 2012 and thereby notifying change in tariff value of Brass Scrap (all grades), Poppy Seeds, Gold and Silver as shown in the tables below:

DGFT Notification to Help Areca Nut Growers

May 15, 2012 2773 Views 0 comment Print

Notification to Help Areca Nut Growers Replying to the concerns raised by the nut growers and other stakeholders, Director General of Foreign Trade, Dr Anup K Pujari has said that Public Notice No.112 issued on 15th May, 2012 (can be seen at http://164.100.9.245/Exim/2000/PN/PN12/pn11210.htm) is actually to help the Areca nut growers. This Public Notice concerns itself with only duty free imports of areca nut either on the basis of advance authorisation or DFIA. It may be noted that duty paid imports are not affected by this Public Notice.

Income Tax – Empanelment of Senior / Junior Standing Counsel, Nagpur

May 15, 2012 2183 Views 0 comment Print

The Income-tax Department intends to empanel Senior/ Junior Standing Counsel to represent it before the Nagpur Bench of Bombay High Court and Subordinate Courts/other Judicial forums. Applications are invited from members of Bar Council of Bombay High Court having experience in dealing with Income-tax/ Direct tax matters.

Expression of Interest for Managed Service Provider for setting up of Tax Information Network

May 15, 2012 570 Views 0 comment Print

Income Tax Department has issued “Invitation for Expression of Interest (EOI) for Selection of Managed Service Provider for setting up and maintenance of Tax Information Network Project for ITD” . Interested bidders may like to apply as per the EOI document.

Amends Notification No. 36/2001-Customs(N.T) Dated: 03.08.2001

May 15, 2012 3985 Views 0 comment Print

Notification No. 42/2012 – Customs (N.T.) In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001, namely:-

Constitutional provisions relating to taxation-How important to understand tax laws

May 15, 2012 116540 Views 6 comments Print

Constitution is the foundation and source of powers to legislate all laws in India. Parliament, as well as State Legislatures gets the power to legislate various laws from the Constitution only and therefore every law has to be within the vires of the Constitution.

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