CAclubindia Articles

My understanding of BUDGET - 2012

Posted by Durga Rao 19 March 2012 7443 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

New paradigm in Service Tax

Posted by Arun Kumar Singh 19 March 2012 26794 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 53758 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

Budget and provisions related to Trust and society

Posted by Yogesh Agarwal 19 March 2012 13139 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

Few highlights from Budget 2012

Posted by Guest 17 March 2012 14776 Views

1. Alternate Minimum Tax also applicable to persons other than company if the assessee is claiming deduction under Chapter VI under the Head C and under Section 10AA. However if the adjusted total income of any assessee being individual, HUF

Aligning Service Tax provisions with Central Excise

Posted by Pradeep Jain 17 March 2012 15555 Views

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

Views related to Budget 2012

Posted by Guest 17 March 2012 15614 Views

1. Do you think that deferment in Direct Tax Code (DTC) is the right move? The Finance Minister himself asserted that the report of Parliamentary committee has just received so the time is needed to study it and then implement the DTC. I th

Proposed amendments in Budget 2012-13 in Taxation-Part 1

Posted by Amit Bajaj 17 March 2012 44599 Views

RATES OF INCOME-TAX after Budget 2012 presented on 16.03.2012 A. Normal Rates of tax: 1. Where the total income does not exceed Rs. 2,00,000/-. Nil 2. Where the total income exceeds Rs. 2,00,000 but does not exceed Rs. 5,00,000/- 10 per cent of the

Budget Changes - Direct Taxes - Some Important Sections

Posted by VISWESWARA RAO 17 March 2012 23895 Views

Budget 2012-13 HIGHLIGHTS IN DIRET TAX SOME OF IMPORTANT SECTIONS: i. Rates of income-tax For resident Individuals, HUF,AOP, BOI and Including Women assessee (1) Rs. 0/- to Rs. 2,00,000 - Nil Rs. 2,00,001 to Rs. 5,00,000 10% Rs. 5,00,001 to Rs.

A brief explanation of insertions of budget wrt finance bill

Posted by CA Sumat Singhal 17 March 2012 8835 Views

A brief explanation of insertions of budget wrt finance bill Deduction for Donation not allowed for cash donations in excess of ten thousand rupees Prohibition of cash donations in excess of ten thousand rupees Section 80G of the Income-tax Act pro