Others Articles

Impact of Budget on Common Public

CA Prasenjit 24 March 2012 at 15:16

We, the common people had lots of expectations from the Budget 2012-13 in terms of more income tax exemption, more deductions in income tax & control of inflations. But the actual picture is far away from our expectations. Obviously common man

Deduction under 80 CCF discontinued

Tapas Ruparelia 23 March 2012 at 15:06

‎80 CCF DISCONTINUED:- Investments made in infrastructure will no longer be allowed as deduction from the Total income u/s 80CCF i.e. over and the above the deduction u/s 80C, the additional deduction of Rs. 20000 is discontinued from next fisc

Demand of time

Deepak kumar sharma 23 March 2012 at 15:06

Self dependency is a fruit of true success whether it is at personal level or country level. Mere being a professional is not a sign of true success. It is mere a launch pad of a journey. Money is not the measure of true success but the hard work is

Budget 2012 - Indirect Tax (Excise and Service tax)

Manoj Pala 22 March 2012 at 16:20

Indirect Tax I. Service Tax 1.1 Amendments to be effective from 1 April 2012 1.1.1 Change in Rate of Tax Rate of service tax has been increased to 12.36 percent (including Education Cess and Secondary & Hi

Proposed income tax amendments in Budget 2012-13-Part-2

Amit Bajaj 20 March 2012 at 12:12

Consideration in excess of F.M.V of shares to be treated as income from other source if consideration received is in excess of Face Value of shares: It is proposed to insert a new clause (viib) in the aforesaid sub-section so as to provide that w

Playing 'Economic' Moneyball - The Union Budget 2012-13

Guest 19 March 2012 at 13:44

In 'Moneyball', Billy Beane the General Manager of the Oakland Athletics, a small town baseball team with a tiny budget, faces the challenge of winning games in Major League Baseball beating teams such as the New York Yankees whose budget is

Overview of Amendment in Direct Taxes(Budget 2012-13)

Ravi Agarwal 19 March 2012 at 13:19

Introduction The provisions of the Finance Bill, 2012 relating to direct taxes seek to amend the Income-tax Act, inter alia, in order to provide for- A

King's Speech - Union Budget 2012-13

CS LLB Pulkit Gupta 19 March 2012 at 11:32

"For every benefit you receive a tax is levied" Another year of Budget and another year of expectations. Lemme tell you that being Finance Minster of India is not an easy job. Especially when yo

Rajiv Gandhi Equity Savings Scheme

Indraneel Sen Gupta 19 March 2012 at 11:22

The budget is over and the market is flooded with analyst reviews about the budget. Every budget has provided some tax benefits to the Am Admi(Mango People) linked with the market returns. This time also the Union Finance Minister Shri Pranab Mukher

Budget and provisions related to Trust and society

Yogesh Agarwal 19 March 2012 at 02:16

Dear all the annual budget had finally placed by the Fin Minister. Some drastic, some dramatical, some difficult to appetite amendments are proposed in the budget.I will not discuss the entire finance bill but only the amendment proposed in relation