S.80G No deduction if donation in cash exceeds ten thousand rupees Posted: 22 Mar 2012 09:09 PM PDT A new clause has been added to sub-section (5C) of Section 80G vide Finance Bill 2012 where no deduction shall be allowed under this section in respect of donation of any sum exceeding ten thousand rupees, unless such sum is paid by any mode other... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| Statutory Bank Branch Audit year for advances above Rs. 6 Cr, Once in 3 year for below Rs. 6 Cr Posted: 22 Mar 2012 08:38 PM PDT It is learnt from reliable sources that as a result of number of representation and hard efforts by 'ICAI' before various concerned authorities, Reserve Bank of India has agreed to decrease the proposed limit of 20 crores of advances to 6 crores ... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| Impact of Budget on Common Public Posted: 22 Mar 2012 07:21 PM PDT The union budget has increased in Tax exemption limit of Rs.20000 for general category male giving Tax Relief of Rs. 2000 & Rs.10000 for female giving Rs.1000 tax Relief for the individuals having an income upto Rs. 8lacs. Rs. 5000 deduction... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| Monitoring Committee for Vanishing Companies Posted: 22 Mar 2012 12:00 PM PDT The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that The term 'Vanishing Companies' is applied both to the Companies which cease to file their statements of return or where, after raising... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| Mandatory under Companies Act, 1956 for all companies to submit Annual Returns, Balance Sheet etc Posted: 22 Mar 2012 11:58 AM PDT Replying to a written question the Minister said in addition to penal action, the companies, their directors/company secretaries who have defaulted in filing their Balance Sheets and Annual Returns for 2006-07 to 2009-10 are debarred to file any... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| Budget Booklet cum Ready Reckoner for financial year 2012-13 Posted: 22 Mar 2012 09:12 AM PDT Finance Ministers of India from 1947 to 2011, Highlights-Service Tax, Highlights- Income Tax, Section wise Major Changes, Other Useful Information, Exemption from Return Filing to Employees, ITD CPC Bangalore – Processing/Tracking, ITR-V Receipt... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| Amends notification No. 124/2007-Customs, dated 31st December,2007 so as to continue, up to and inclusive of 27th March, 2013, the anti-dumping duty on imports of Flat Base Steel Wheels, originating in, or exported from, China PR Posted: 21 Mar 2012 09:01 PM PDT Notification No. 16/2012-Customs (ADD) Now, therefore, in exercise of the powers conferred by sub-sections (1) and (5) of Section 9A of the said Act and in pursuance of rule 23 of the said rules, the Central Government hereby makes the following... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| Exemption of Assam Comilla Cotton [ITC(HS) Code 5201 00 12] from export restriction on cotton during the current cotton season upto 30.09.2012 Posted: 21 Mar 2012 09:00 PM PDT Notification No. 108 (RE-2010)/2009-14 Export of 5,000 bales of Assam Comilla Cotton will be exempted from any export restrictions during the current cotton season (up to 30.09.2012) subject to registration with DGFT. Registration Certificate for... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| Amendment in SION A-1778 – PUBLIC NOTICE NO -103/2009-2014(RE 2010) Posted: 21 Mar 2012 09:00 PM PDT PUBLIC NOTICE NO:103/2009-2014(RE 2010) - Earlier the export product was Black Toner. The description of the export product has been widened to include Color Toner also, with attendant modification in the number and quantity of inputs. [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| Service Tax (Amendment) Rules, 2012 – Amendment In rules 2, 4A and 6 – Corrigendum to Notification No. 3/2012 – ST, dated 17-3-2012 Posted: 21 Mar 2012 08:43 PM PDT In the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 3/2012-Service Tax, dated the 17th March, 2012 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| ICSI Important Announcement – Last date of Registration / Examination Enrolment Posted: 21 Mar 2012 08:30 PM PDT Last date of submitting the examination forms ( without late fee ) for June 2012 session is Monday, the 26th March 2012 ( 24th March & 25th March 2012 being Saturday & Sunday respectively ). 2. Last date of submitting the admission form...
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