Posted Date : 26-May-2012 , 10:47:10 am | Posted By Nikhil Mohan Jhanwar

A Negative List in Service Tax Levy- Impact on Construction Industry     Introduction   It was 18 years ago when the levy of service tax was introduced with a meagre three services which has now grown manifold to 119 services. The scope of services has widened d...

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Category : Service Tax | Comments : 0 | Hits : 907

Posted Date : 24-May-2012 , 06:01:41 pm | Posted By Rishabh Upadhyay

  It takes guts to back the truth. And Bollywood has shown time and again that when it comes to championing a cause, it is no chicken. Definitely, the platform has never been as large as with actor-director-producer Aamir Khan's new TV show — Satyameva Jayate, but the ‘ca...

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Category : General | Comments : 0 | Hits : 394

Posted Date : 23-May-2012 , 10:01:31 pm | Posted By SHIKHA SONI

  1. Stand up for Meetings   Conduct all short-term decision-making meetings standing up. Studies show that standing conversations are significantly shorter than sitting ones and the person who conducts a standing meeting is perceived as having higher status than those who s...

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Category : General | Comments : 0 | Hits : 502

Posted Date : 23-May-2012 , 01:12:17 pm | Posted By CA Vikas Maheshwari

Section 203 of the Income-tax Act 1961 (“the Act”) read with the Rule 31 of the Income-tax Rules 1962 (“the IT Rules”) requires the deductor to issue certificate of tax deduction at source (TDS) to the deductee. The relevant form for such TDS certificate...

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Category : Income Tax | Comments : 0 | Hits : 1951

Posted Date : 23-May-2012 , 01:08:59 pm | Posted By CA Vikas Maheshwari

What is National Savings Certificate? National Savings Certificate is an Investment alternative developed by Government of India with an intention to induce persons to a saving habit and to develop National Savings. National Savings Certificate is issued through Post Offices; they are the nod...

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Category : Income Tax | Comments : 0 | Hits : 1496

Posted Date : 22-May-2012 , 10:13:41 pm | Posted By Niraj Bisht

  Source :www.rbi.org.in                                   Uploaded on RBI website : April 11, 2012 Friends, ...

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Category : Banking | Comments : 0 | Hits : 753

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 : 697

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 : 503

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 : 497

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 : 447

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 : 573

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 : 1300

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 : 3945

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 : 1213

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 : 1233

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 : 437

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 : 574

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 : 13325

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 : 477

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 : 1069