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An Uneventful Budget 2012

Union Budget 2012-13 – Indirect Tax Proposals

Budget 2012 -No service tax on metered taxis, amusement facilities, rail travel

In all cases where additional evidence is admitted, the CIT (A) should be considered to have exercised his powers u/s 250(4) is not acceptable

Service tax provisions as amended by Budget 2012

Budget 2012 – Excise Duty on Textiles & Precious Metal Jewellery

Budget Analysis 2012-13- Service Tax Proposals

What Citizen of India Got From Budget 2012?

General Anti-Avoidance Rules (GAAR) (Implication)

Budget 2012 – Completion of assessment in search cases referred to DRP

DRP can consider any matter arising out of the assessment proceedings relating to the draft assessment order

AO Can file appeal before ITAT against order passed in pursuance of directions of DRP

Filing of return of income, definition of international transaction, tolerance band for ALP, penalties and reassessment in transfer pricing cases

Post Budget 2012 Service tax rates
Explore the latest Budget updates on TaxGuru, including relevant legal provisions, notifications, circulars, case laws, compliance developments and expert analysis. This page brings together important developments and practical guidance to help taxpayers, businesses and professionals stay informed and understand the regulatory and commercial implications of changes.
