Posted Date : 22-May-2012 , 02:46:20 pm | Posted By CA Vikas Maheshwari

Leave Travel Allowance affects every salaried employee. Here we give you a quick low-down on what to expect. 1. You can get LTA only if you have applied for leave from your company and have actually travelled. However, international travel is not valid. You must have travelled within the cou...

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Category : Income Tax | Comments : 0 | Hits : 635

Posted Date : 22-May-2012 , 02:44:36 pm | Posted By CA Vikas Maheshwari

A bonus share is a free share of stock given to current shareholders in a company, based upon the number of shares that the shareholder already owns. While the issue of bonus shares increases the total number of shares issued and owned, it does not increase the value of the company. Although the ...

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Category : Corporate Law | Comments : 0 | Hits : 447

Posted Date : 22-May-2012 , 02:03:10 pm | Posted By Gaurav Aggarwal

A man was walking down the beach at sunset. As, he walked along, he saw another man in the distance. He noticed this man kept leaning down, picking up something and throwing it out into the water, again and again.   As, he approached even closer, he noticed that the man was...

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Category : General | Comments : 1 | Hits : 469

Posted Date : 22-May-2012 , 12:46:01 pm | Posted By Anshul Jain

Structured Financial Products is a combination of BOND + DERIVATIVES, Bond part is for Capital Protection and the Derivatives part is for Higher Income and Growth. In Structured Financial Products is specially designed for the Investors choice and taste. It can be used as a par...

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Category : Finance | Comments : 0 | Hits : 430

Posted Date : 21-May-2012 , 03:50:02 pm | Posted By Kshitij Nijhawan

- An attempt seems to have been made to render the bail provisions less onerous by providing that all offences would be bailable. However, despite the declaration by the FM in his speech that "In response to concerns expressed by Members that the proposal regarding grant of bail only after h...

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Category : Service Tax | Comments : 0 | Hits : 548

Posted Date : 13-May-2012 , 11:57:12 am | Posted By Surendra Kumar Dash

Sales Tax i.e. the Central Sales Tax (CST) is an indirect tax as it is recovered from the buyers/consumers as a part of the consideration for the sale of goods. However, for the purpose of CST, the actual payment of the Sales Tax is made by every dealer on the goods sold by him...

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Category : VAT | Comments : 0 | Hits : 1228

Posted Date : 12-May-2012 , 02:01:00 pm | Posted By Surendra Kumar Dash

Sales tax is levied on the sale of a commodity which is produced or imported and sold for the first time. If the product is sold subsequently without being processed further, it is exempt from sales tax.   Sales tax can be levied either by the Central or St...

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Category : VAT | Comments : 0 | Hits : 3874

Posted Date : 11-May-2012 , 10:54:41 pm | Posted By Rishabh Upadhyay

  Sometimes the hair at the back of the head refuses to lie flat. It stands up. Is there a word for this? (M.Shashikanth, Hyderabad) You are thinking of the main character in Hank Ketcham's cartoon strip Dennis the Menace, aren't you? The tuft of hair at the back of Denni...

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Category : General | Comments : 0 | Hits : 1179

Posted Date : 10-May-2012 , 05:29:06 pm | Posted By Rishabh Upadhyay

GAAR- General Anti Avoidance Rules   Finance Minister Pranab Mukherjee's clarification on General Anti-Avoidance Rules (GAAR) fired up the markets on Monday, when global indices were deep in the red. A look at why GAAR has caused panic among investors: ...

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Category : Income Tax | Comments : 0 | Hits : 1211

Posted Date : 09-May-2012 , 05:33:12 pm | Posted By Akanksha Handa

'Agar koi tumhari salary na increase kare, tumhe promotion na de, tum kam karte raho.... sirf kam hi nehi zada kam karo...... promotion ki ummed na karo....... Dekhna, Uski aatma ek din jaroor jaagegi. Aur vo tumhe salary hike aur promotion zaroor dega&#...

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Category : General | Comments : 0 | Hits : 409

Posted Date : 08-May-2012 , 11:29:45 am | Posted By SUMIT KUMAR MEHARIA

  Speech of the Finance Minister whilst moving the amendments to the  Finance Bill 2012 : The following is the speech delivered by Shri. Pranab Mukerjee, Finance Minister, while moving the amendments to the Finance Bill 2012 on 7th May 2012. Madam Speaker, I presented ...

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Category : Income Tax | Comments : 0 | Hits : 549

Posted Date : 07-May-2012 , 05:23:40 pm | Posted By VIKAS SHARMA

  ØExemption from Registration:   As per Rue 9 of Central Excise Rules, every person who 1. Produces,  2. Manufactures,  3. carries on trade, 4. Holds private store-room or warehouse or  5. Otherwise uses      Excisable goods shall get reg...

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Category : Excise | Comments : 0 | Hits : 13301

Posted Date : 07-May-2012 , 04:50:11 pm | Posted By Madhu Kiran

  PREPARE FOR THE BATTLE – MAY 2012   Hi Friends there is only a couple of days for the exam. I Hope all are preparing well for the exam. I want to share some important tips for those who are writing their May PCC, IPCC & Final Examinations, So let me take th...

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Category : Students Zone | Comments : 0 | Hits : 462

Posted Date : 04-May-2012 , 12:54:13 pm | Posted By Vikash Kumar Jha

Salary, Net Salary, Gross Salary, Cost to Company are they same or different. For most people it is plain confusion especially when one gets a new job. The excitement of getting first job is punctured on getting the first pay. It is usually less than what the fresher employee e...

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Category : Income Tax | Comments : 0 | Hits : 1035

Posted Date : 04-May-2012 , 10:48:04 am | Posted By CA Vikas Maheshwari

Under the existing provisions of the Income-tax Act, Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT) are levied on companies and limited liability partnerships (LLPs) respectively. However, no such tax is levied on the other form of business organisations such as partnership firms, so...

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Category : Income Tax | Comments : 0 | Hits : 2127

Posted Date : 03-May-2012 , 04:42:58 pm | Posted By Surendra Kumar Dash

BALANCE SHEET OF LIFE   §  “Our Birth is our Opening Balance, §  Our Death is our closing Balance, §  Our Prejudicial views are liabilities, §  Our Creative ideas are our asset”. §  Heart is our current ass...

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Category : General | Comments : 1 | Hits : 978

Posted Date : 01-May-2012 , 06:05:10 pm | Posted By Niraj Bisht

Source : www.rbi.org.in                                          &nb...

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Category : Banking | Comments : 0 | Hits : 561

Posted Date : 01-May-2012 , 03:45:59 pm | Posted By Gaurav Mittal

            After giving facility to students to arrange a certified copy of answer books on a reasonable amount. Direct effects of this facility on Valuation result.             Now ...

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Category : Students Zone | Comments : 0 | Hits : 407

Posted Date : 01-May-2012 , 03:29:57 pm | Posted By Vikash Kumar Jha

  What mistakes do the companies make while introducing change? While introducing the change it is obvious character of that time which leads towards some mistakes such as Under-communication leaves those responsible for executing the new changes with a lack of clarity of the...

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Category : General | Comments : 0 | Hits : 322

Posted Date : 01-May-2012 , 12:55:49 pm | Posted By Akanksha Handa

A thought provoking note and a reality of life….. Long time ago, there was an Emperor who told his horseman that if he could ride on his horse and cover as much land area as he likes, then the Emperor would give him the area of land he has covered. Sure enough, the horseman quickly...

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Category : Income Tax | Comments : 0 | Hits : 590