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Know case status pending at HC on Mobile

April 21, 2012 3007 Views 0 comment Print

How to get the case status? The litigant or the lawyer who sends the SMS should know case number of the case for which the case status to be known and then he/she should follow the steps given below for sending the SMS.

FM defends Retrospective Tax Amendments

April 21, 2012 2416 Views 0 comment Print

Finance Minister Shri Mukherjee informed that the tax changes proposed are not substantive but clarificatory in nature as the changes reiterated only the intent of the legislation. During the meeting, it was also pointed out that as per Section 149 of the Income Tax Act, no tax cases can be opened beyond 6 years.

Reporting Requirements of NBFCs

April 21, 2012 6683 Views 0 comment Print

Non Banking Finance Companies (NBFCs) are playing a vital role as the financial resource mobiliser in India given the country’s geographical and population spread. They facilitate of channelisation of public savings. We are aware that due to liberalization and globalisation, banking industry and financial sector has gone through many reforms. In the present economic environment, it is very difficult to serve needs of the whole society by Banks alone so role of Non Banking Finance Companies and Micro Finance Companies become indispensable.

Instructions for May 2012 CA PCE, IPCE & Final students

April 21, 2012 2156 Views 0 comment Print

PCE (Professional Competence Examination) candidates should note the changed sequence of papers (as given in the time table printed on reverse of Admit Card) for May, 2012 examinations and that the examination for Group-I will commence on 3 rd May,2012 and Group-II will commence on 08th May, 2012. Further all the IPCE UNIT candidates should check that their admit card is for the applicable Unit, otherwise they should inform the Institute in writing requesting for correction and should appear only in papers of respective Unit.

ICAI Post Budget 2012 memorandum on Indirect Tax

April 21, 2012 1490 Views 0 comment Print

1. Amendments in Service Tax Rules and Point of Taxation Rules, which are effective from 01 .04.2012. 2. Amendments in Statutory provisions which will be effective from the enactment of Finance Bill, 2012. 3. Amendments in Section 65B – Interpretations – effective along with negative list based taxation.

TDS on Salary Calculator for F.Y. 2012-13

April 21, 2012 60459 Views 0 comment Print

TDS on Salary Calculator for Financial Year 2012-13 / Assessment year 2013-14. The Calculator attached is in excel format which can calculate TDS liability of up to 50 employees. Calculator have facility to prepare and print computation of Income for all the Employees.

ICAI – Check Status of Refund of Excess Exam Fee

April 20, 2012 2599 Views 0 comment Print

It is seen that some of the candidates who had applied online, for May 2012 exam had paid exam fee online more than once, on account of failure in electronic transmission, lost transaction (after payment), card related problems etc. Such online multiple payments received from the candidates have already been processed for the credit of the account from where the payment originated.

TRAI Mandates one tariff plan on Per Second Billing basis

April 20, 2012 1306 Views 0 comment Print

In order to ensure that ‗per second billing‘ remains an assured alternative option for all subscribers, it has been decided to mandate that all service providers shall offer at least one pre-paid and one post-paid tariff plan with the pulse rate of one second for local and national long distance calls. The service providers will be at liberty to offer alternative tariff plans with any pulse rate within the overall ceiling of 25 tariff plans.

Advisory services is technical services under Article 13.4 of India-French DTAC

April 20, 2012 1551 Views 0 comment Print

As regards consultancy services, the question is whether such services are made available in the context of the DTAC between India and France read with the DTAC between India and US relied on by the applicant. It is seen that the advice and assistance rendered by the French Company to the applicant are not transient in nature and are capable of being used by the applicant on its own. It is true that some of the consultancy services rendered may not have that quality of permanency and may be a one time assistance, but advice on business strategy, on general management, on marketing and commercial matters,

Critical issues under SARFAESI Act, 2002?

April 20, 2012 15094 Views 0 comment Print

It is always welcome to enable the Banks to recover their dues using the provisions of SARFAESI Act, 2002. It is known that it is very difficult for the Banks to approach Civil Court asking for a decree and getting that decree executed. With the intention of enabling the Banks to reduce their NPAs through faster recovery of dues, ‘The Recovery of Debts Due to Banks and Financial Institutions Act, 1993’ was enacted.

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