The following are the Various Statutory Obligations for the month of December 2012. Payment of Advance Tax The last date for Payment of Advance Tax (3rd Instalment in case of Companies & 2nd Instalment in case of Non Companies) for the A.Y.2013-14 is 15th December 2012. Click here to make Advance Tax Payment online. Click here to download Challan for […]
Statutory Obligations for the month of December 2012 Read More »
The Central Board of Excise & Customs vide its Order No 3/2012 dtd 15th October 2012 has extended the due date for filing the return for the period from 1st April 2012 to 30th June 2012, from 25th October to 25th November 2012. Earlier , by notification No 47/2012 dtd 28th September 2012, the period
Due date for filing Service Tax returns Extended !!! Read More »
CBDT has notified the Cost Inflation Index for the F.Y.2012-13 (A.Y.2013-14) as 852
CBDT Notifies Cost Inflation Index for F.Y.2012-13 Read More »
Introduction : Sweat Equity Share means equity shares issued by the company to employees or Directors at a discount, or for consideration other than cash for providing knowhow or making available rights in the nature of intellectual property rights or value additions by whatever name called. Sweat Equity shares in India : Generally at the
Sweat Equity Shares Read More »
[gview file=”http://bssridhar.com/blog/wp-content/uploads/2012/06/tds-rates-12_13.xls”] Click here to download the above in an Excel Sheet [wpdm_file id=17]
Rates of TDS for the year 2012-13 (A.Y.2013-14) – Non Salary Read More »
VAT Input Credit is not available for all types of purchases, there are certain purchases which are in eligible for Input Tax credit Claim. The Eligible and Ineligible Purchases for the purpose of Input Tax Credit are given below :- Eligible Purchases: Purchases made: è For sale/resale within the state è For interstate sale (Sale
Eligible & Ineligible Purchases for VAT Input Tax Credit Read More »
Most of the VAT legislations in India do not allow the set off of CST Paid against their output tax. But at the same time, these legislations allow set off of Input Tax credit against the CST due. As a common man, a question may arise why this is not allowed vice-versa. The reason is
Logic behind allowing VAT Credit against payment of CST and not allowing credit of CST. Read More »
The Finance Minister Mr. Pranab Mukherjee released the “Whitepaper on Blackmoney” in India. This White paper presents the different facets of black money and its complex relationship with policy and administrative regime in the Country.It also contains the options, strategies of the Government to tackle the same. It also lists out the need to address
Whitepaper on Blackmoney released Read More »
Dear Readers, we are glad to inform you that our blog is now available as an Application in Nokia Apps. The link for the same is http://store.ovi.com/content/271781 You can download the application in your Nokia Phone by visiting the above link in your phone browser and you will be updated as and when the blog is
Our Blog is available on Nokia Apps now. Read More »
The Department of Industrial Policy & Promotion, Government of India has issued a new FDI policy circular (Circular 1 of 2012) with the updated details of the policy of the Government of India with regard to Foreign Direct Investments (FDI) in India. Click here to download the FDI Circular.
New FDI Policy Circular Issued. Read More »
DIRECT TAX PROPOSALS v Changes in Tax Slabs : The existing differentiation of Male and Female assessees has been removed. The tax rates for all Individual assessees below 60 years of age for the year 2012-13 is as follows :- Income Level Rate of Tax Upto Rs. Rs. 2,00,000/- Nil Rs. 2,00,001 to Rs. 5,00,000/-
BUDGET 2012 – IMPORTANT TAX PROPOSALS Read More »
The last date for filing the DIN 4 for updation of PAN details in respect of DIN holders has been extended again till 30th April 2012. The Department of Company Affairs vide its circular No 4/2012 dtd 9th March 2012 has extended this time limit. The relevant circular is reproduced below :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2012/03/General_Circular_No_04_2012.pdf”]
Last date for updation of PAN details in DIN extended again. Read More »
The Government of Tamilnadu vide its notification dtd 09th March 2012, has reduced the rate of tax on sale of ready to eat unbranded foods and mineral water served in or catered indoors or outdoors by hotels , restaurants, sweet-stalls, clubs , caterers and any other eating houses , to 2% of the taxable turnover.
TNVAT on unbranded food & Mineral water reduced to 2% Read More »
How to make Income-tax payments online ? Tax payments offline (through challan) involves filling up of respective tax challan, visit to the bank and some times require another visit on subsequent day for collection of tax challans. This involves lot of time and effort and also involves the risk
How to make Income-tax payments online ? Read More »
Rural Electrification Corporation REC has come out with issue of Tax Free Secured Redeemable Non-Convertible Bonds in the nature of Debentures. These bonds are totally tax free and with a Tenor of 10 years & 15 years. The Highlights of this issue are reproduced below. Click here to send your queries. [gview file=”http://bssridhar.com/blog/wp-content/uploads/2012/03/rec-mar-2012.pdf”]
Issue of REC Tax free bonds open. Read More »
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