CAclubindia Articles

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

Union Budget 2012 - Highlights for Salaried Individuals

Posted by CMA Ramesh Krishnan 17 March 2012 20496 Views

Introduction:The Budget for 2012-13 presented by Finance Minister Pranab Mukherjee in the Lok Sabha on 16th March 2012. I would like to list of some key points related to salaried case impl

Key Features of Budget 2012-2013

Posted by Guest 16 March 2012 30685 Views

APPROACH TO THE BUDGET 1. For Indian economy, recovery was interrupted this year due to intensification of debt crises in Euro zone, political turmoil in Middle East, rise in crude oil price and earthquake in Japan. 2. GDP is estimated to grow b

Union Budget 2012-13 Highlights

Posted by Guest 16 March 2012 34261 Views

Budget identifies five objectives relating to growth recovery, private investment, supply bottlenecks, malnutrition and governance matters GDP growth to be 7.6 per cent (+ 0.25 percent) during 2012-13 Amendment t