CAclubindia News
Efforts to Arrive at a Broad Based Consensus on Allowing FDI in Multi-Brand Retail Trade Up to 51%
17 March 2012 at 13:04Government is making efforts to arrive at a broad based consensus in consultation with the State governments in respect of the decision to allow FDI in multi-brand retail trade up to 51%. The Union Finance Minister ShriPranab Mukherjee in his Bu
Budget Aims at Creating Enabling Atmosphere for All Sections
17 March 2012 at 13:05Baggage Allowance Increased in the Budget Presenting the Union Budget 2012-13 in the LokSabha today, the Union Finance Minister ShriPranab Mukherjee has proposed to increase the duty-free baggage allowance for eligible passengers of Indian origi
Advance Pricing Agreement Introduced
17 March 2012 at 10:22With a view to bring down Tax litigation and provide Tax certainty to the foreign investors, the government has introduced the Advance Pricing Agreement (APA) in the Finance Bill 2012. While presenting the Budget 2012-13 in LokSabha today Shri Muk
Curbing the Black Money A Priority Concern for the Government
17 March 2012 at 10:22Curbing the Black Money A Priority Concern for the Government; Number of Proactive Steps To Tackle the Malaise Announced; White Paper to be Laid in Current Session Itself: FM The Budget proposals envision a multi-pronged strategy to prevent the
Rs 60,000 crore tax free bonds to finance infrastructure projects
16 March 2012 at 23:26During the 12th Plan period, infrastructure investment is expected to cross Rs 50 lakh crores, with half it coming from the private sector. For funding the infrastructure projects, Tax Free Bonds of Rs 30,000 crores were announced during 2011-12
50% tax deduction to be available under Rajiv Gandhi Equity Savings Scheme
16 March 2012 at 23:26To encourage flow of savings in financial instruments and improve the depth of domestic capital market a new scheme called Rajiv Gandhi Equity Savings Scheme is being introduced. The scheme would allow for income tax deduction of 50 per cent to ne
Union Budget spells out five pronged strategy to manage growth
16 March 2012 at 23:26The Union Budget 2012-13 presented by the Finance Minister Mr. Pranab Mukherjee identifies five objectives to to be addressed effectively in the ensuing fiscal year. They are growth recovery driven by domestic demand, boost to private investment,
Point of Taxation Rules, 2011-Changes effect from Apr 1, 2012
16 March 2012 at 23:271. The time period for issuance of invoice is being increased to 30 days ordinarily and 45 days for banks and financial institutions (to reconcile with the business practice of issuing monthly statement). These changes are being provided in Rule
Cenvat Credit Rules, 2004 - Simplified scheme for refunds
16 March 2012 at 23:47F. Cenvat Credit Rules, 2004: F.1. Simplified scheme for refunds: 1. A simplified scheme for refunds is being introduced by substituting the entire Rule 5 of CCR, 2004. The new scheme does not require the kind of correlation that is needed at p
PM's interview on the Union Budget - 2012-13
16 March 2012 at 17:51Following is the text of the Prime Minister, Dr. Manmohan Singh’s interview after the Union Budget 2012-13: Question - There was a decline in our GDP growth. It is now 6.9% - that was a wake-up call. Hopefully we’re now awake. What d
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