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Archive: 2012

Posts in 2012

Automatic Form 16 with Rupee Font A.Y. 2012-13

April 19, 2012 17182 Views 0 comment Print

The attached form has an input sheet in which You have to fill all the details and Form 16 will automatically get filled. To Display new Indian Rupee font user have to install the new Indian Rupee font on his computer. Font is available on many websites for free. One such website is http://blog.foradian.com/rupee-font-version-30

Empanelment with State Health Society Chennai For Concurrent Audit

April 19, 2012 2485 Views 0 comment Print

Govt of India (GOI) in partnership with the States is implementing the National Rural Health Mission which comprises of various programmes, with the objective of improving medical facilities in the rural areas and seeks to provide accessible, affordable and quality health care to the rural population, especially the vulnerable sections.

Empanelment with Project Implementation Unit, Gujrat

April 19, 2012 2803 Views 0 comment Print

Expression of interest for firm of Chartered accountant (Registered) to render various services Design the accounting system, introduce the system of fund based accounting & also Implement the system, establish accounting system in tally software to get the detail of grant received, grant utilized, refunded & unspent, prepare the bank & unspent, prepare the bank reconciliation on monthly basis, finalization of accountants on quarterly or half yearly basis addition to on yearly basis, assist in preparation of the utilization certificates, filling quarterly & annually return of TDS & Attending to queries, notices in this regards.

TDS on Salary Calculator A.Y. 2012-13

April 19, 2012 13114 Views 0 comment Print

TDS on Salary Calculator for Employers for A.Y. 2012-13 F.Y. 2011-12. Calculate TDS of more then one employee in single file. 1 Fill the data in sheets Bonus, arrear, Apr to Dec only 2 Estimates will be automatically calculated 3 ESI and PF in Estimate calculation applied only for applicaple employee, formula can be copied or deleted as and when applicable 4 in TDS sheet Green colour cells only should be filled manually apart from that Emp Id, Name, Gender and Designation can be filled.

IRDA – Amendment in Salary & Allowance payable to & other Terms and Conditions of Services of Chairperson and other members

April 19, 2012 2632 Views 0 comment Print

Insurance Regulatory and Development Authority (Salary and Allowance payable to and other Terms and Conditions of Services of Chairperson and other members) Amendment Rules, 2012- Amendment in rule 3 Notification No. G.S.R. No.307(E), dated 19-4-2012

Maintenance of Records Under Service tax

April 18, 2012 27195 Views 0 comment Print

Maintenance of records under the service tax is dealt with the provisions of Rule 5 of Service Tax Rules, 1994. According to the said rule following are the records required to be maintained for the purpose of service tax: Records including the computerised data as maintained by an assessee as per the various laws in force from time to time.

Indian Trade Classification(Harmonised System) of Export and Import Items, 2012 [ITC(HS),2012]

April 18, 2012 652 Views 0 comment Print

In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Paragraph 2.1 of the Foreign Trade Policy, the Central Government hereby notifies ‘Indian Trade Classification (Harmonised System) of Export and Import Items, 2012’ [ITC (HS), 2012] as enclosed in the Annexure to this Notification.

Notification No. 111 (RE-2010)/2009-14, Dated: 18.04.2012

April 18, 2012 562 Views 0 comment Print

In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Paragraph 2.1 of the Foreign Trade Policy, the Central Government hereby notifies ‘Indian Trade Classification (Harmonised System) of Export and Import Items, 2012’ [ITC (HS), 2012] as enclosed in the Annexure to this Notification.

Real not notional tax effect to be considered while computing monetary ceiling for appeals filed prior to 15.5.2008

April 18, 2012 1254 Views 0 comment Print

Instruction No.1979 dated 27.3.2000, provided that no appeal would be filed before Tribunal if the tax effect was less than Rs.1.00 lacs, and thereafter Instruction dated 17.7.2003 clarified that monetary limit/tax effect mentioned in the Circular has to be read as revenue effect which would mean tax, interest, penalty. Further, vide circular dated 24.10.2005 CBDT enhanced monetary limit for filing appeal before the Tribunal to Rs.2.00 lacs and vide Instruction No.16.7.2007 it was clarified that the tax effect would mean tax only and no interest. CBDT by subsequent Instruction No.5 of 2008 dated 15.5.2008 clarified that the tax effect would also mean notional tax effect in cases of losses.

Comment on HC judgment by CIT(A) is grossly illegal and improper

April 18, 2012 1483 Views 0 comment Print

It was improper for Commissioner of Income-tax (Appeals) to comment on the judgment of the Division Bench while disposing of the application expressing reservation about his powers to grant the interim order. Therefore, it has to be stated that the Appellate Authority has not proceeded to appreciate the points raised by the petitioners in support of his prayer for grant of interim order based on materials available before him, Instead, he has ventured into discussions which are irrelevant and impermissible having regard to the binding precedent in the form of a direction issued by the Division Bench.

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