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ITAT may dismiss appeal for want of prosecution

April 19, 2012 1929 Views 0 comment Print

These appeals were originally posted for hearing on 09.11.2011 (vide AD card) and at the request of the assessee it was adjourned from time to time and finally posted for hearing on 04.04.2012 on which date none appeared on behalf of the assessee. Though the assessee has raised several grounds no material, whatsoever, was filed to contradict the findings of the learned CIT(A). Under these circumstances, applying the decision of the Hon’ble Bombay High Court in the case of M/s. Chemipol vs. Union of India in Central Excise Appeal No. 62 of 2009 we dismiss the appeals filed by the assessee for want of prosecution. Assessee is at liberty to move appropriate application for recall of the order, if permissible under the law.

Companies in Aviation Sector Allowed to Avail of ECBS for Working Capital Requirements

April 19, 2012 753 Views 0 comment Print

The rapid growth of the Aviation sector in India has generated demand for additional finance for working capital and capacity expansion. High operating costs, particularly on account of high fuel costs, have put additional stress on the Airline Industry.

Bank Rate adjusted to 9.00 per cent wef April 17, 2012

April 19, 2012 1005 Views 0 comment Print

As announced in the Monetary Policy Statement 2012-13, the Bank Rate stands adjusted by 50 basis points from 9.50 per cent to 9.00 per cent with effect from April 17, 2012. 2. All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank Rate, also stand revised as indicated in Annex.

All about Public Provident Fund Scheme (PPF)

April 19, 2012 128385 Views 169 comments Print

Every individual desirous of subscribing to Fund under the Scheme for the first time either on his own behalf or on behalf of a minor of whom he is the guardian or on behalf of a Hindu Undivided Family of which he is a member or on behalf of an Association of persons or a Body of individuals as referred to in sub rule 2(b) of Rule 3 above shall apply to the Accounts Office in Form A, or as near thereto as possible together with the amount of initial subscription which shall be integral multiples of Rs.5

Excel Bill Book for Service Tax Assessees

April 19, 2012 41724 Views 0 comment Print

Download Format of Bills for CA, CS, ICWA and other Professionals. This Format will work only in Excel 2007. In this bill book you have to enter only details of bill book in a table and after that you can print the bill you want to print in just one command.

Conditional Exemption from Income Tax Return Filing

April 19, 2012 1239 Views 0 comment Print

According to a CBDT Notification, only a specified class of persons has been exempt form the requirement of furnishing a return of income for the assessment year 2012-13 subject to certain conditions. Class of persons implies an individual whose total income for the assessment year 2012-13 (in financial year 2011-12) does not exceed Rs. 5 lakh (i.e. it is Rs. 5 lakh or below Rs. 5 lakh) for the whole of 2011-12 and consist of only incomes chargeable to income tax under the income heads of ‘salaries’ and / or ‘income forms other sources’ earned by way of interest from a saving bank account in a bank not exceeding Rs. ten thousand.

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

April 19, 2012 17230 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 2500 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 2827 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 13120 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.

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