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Input Service Distributor's choice taken away

Posted by Pradeep Jain 20 March 2012 26310 Views

Changes have been brought in Rule 7 of Cenvat Credit Rules, 2004 vide Notification No. 18/2012-CE (NT) dated 17.03.2012



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

Posted by Guest 19 March 2012 11208 Views

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)

Posted by Ravi Agarwal 19 March 2012 110410 Views

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

Posted by CS LLB Pulkit Gupta 19 March 2012 7271 Views

"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

Posted by Indraneel Sen Gupta 19 March 2012 32417 Views

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

Posted by Yogesh Agarwal 19 March 2012 13116 Views

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



New paradigm in Service Tax

Posted by Arun Kumar Singh 19 March 2012 26756 Views

Rajesh Kumar, AdvocateIn 2012 budget, there has been a paradigm shift in the Service Tax Laws. The shift is affecting all businesses- whether they are in manufacturing, service providing, NGOs, Trading or even Government departments. Even individual



Budget Analysis 2012- Service Tax Proposals

Posted by CA Nikhil Jhanwar 19 March 2012 53723 Views

It comes every year, but excitement and expectations from the Budget across the sectors and masses always remains. Budget 2012-13 (a 7th Budget by Mr. FM Pranab Mukherji) was just like a Glass- half e



My understanding of BUDGET - 2012

Posted by Durga Rao 19 March 2012 7434 Views

I am not an economist, and I am not even an eminent Chartered Accountant, however, from the views of various experts on the subject, I would like to express my understanding on Budget 2012 as follows: Background: We are all concerned at ou



Aligning Service Tax provisions with Central Excise

Posted by Pradeep Jain 17 March 2012 15519 Views

The Budget, 2012 has brought many changes in the Service Tax provisions in an attempt to align the same with provisio




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