In the budget proposals of 2012 an explanation has been inserted in Section 2(14) i.e. the definition of “Capital Asset” to include “any rights in or in relation to an…
Increase in excise rate by 10% to 12% 5% to 6% 1% to 2%
Service tax rate is increased from 10to 12% ( Increase by 2%) Service tax is applicable on all services except negative list
exemption limit in case of Individual is increased by Rs. 20000/- now basic exemption limit is Rs. 200000/- Tax slab is 20% from Rs. 8 to 10Lacs Deduction on saving…
In case of Senior Citizen relief is provided regarding the payment of advance tax unless the income is form Business activities. No compliance regarding the payment of advance tax unless…
Budget 2012: ECB Allowed for Aviation Sector for Working Capital in view of difficulties faced by aviation industry
11:30 AM Rajiv Gandhi Equity Investment Scheme for deduction upto Rs. 50,000 for assessees with Income upto Rs. 10,00,000 details to be released later
The First Knowledge Challenge Showdown is on 04th Feb, 2012 [block] The Topics for Challenge are: [img w=”580″ h=”400″]https://www.ahujaandahuja.in/wp-content/uploads/2012/01/2012-01-29-16.40.26.jpg[/img] [block] [h2]The Challengers: Issuing the War Cry![/h2]
[img w=”590″ h=”250″]https://www.ahujaandahuja.in/wp-content/uploads/2012/01/challenge.jpg[/img] [info_box]We at Ahuja & Ahuja Chartered Accountants, believe in testing the frontiers of our knowledge, this challenge is an step in this regard.[/info_box] [block] [h2]What is “The…
Free Indian Case Law Search Engine – www.indiankanoon.org
legal misinterpretation by Assessing Officer in framing original assessment cannot be the basis of initiation of Assessment Proceeding u/s 147
no addition can be made on other grounds, if the Assessing Officer doesn’t make any addition on the primary ground on the basis of which proceeding u/s 147 were initiated.