Vinod & Narendra

CBDT Circular Clarifying Issues Relating To Export Of Computer Software

February 1, 2013

F. No. 178/84/2012-ITA.I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 17th January 2013 Circular No. 01/2013 Subject: Issues relating to export of computer software – Direct tax benefits – Clarification reg The Indian Software Industry has been the beneficiary of

Highlights of Companies Bill, 2012

January 29, 2013

Corporate Laws

[By Anish Shah (CS), A. Shah & Associates] On 18th December, 2012 the Companies Bill, 2011 had been passed by the Lok Sabha. However, it was passed with certain modifications as recommended by the Parliamentary Standing Committee on Finance. The Bill seeks to consolidate and amend the law relating to

Tax reforms: stage set for GST deal

January 28, 2013

GST·Gujarat VAT & CST·Service Tax & CBEC

Panel recommends states be allowed to time their entry; formula proposed for CST compensation The recommendation, largely in line with the demand from states, would be subject to a final nod from finance minister P. Chidambaram. Photo: AFP New Delhi: The centre and states are poised to strike a compromise

Extension of time limit for filing ITR-V forms for AY 2010-11, 2011-12 & 2012-13

January 10, 2013

Income Tax

Notification No. 1/2013 [F. No. DIT(S)-III/ITR-V Extension/ 2012-13] UNDER CPR SCHEME 2011, Dated 7-1-2013 In exercise of its powers under clause (ii) of Para 14 read with clause (7) of Para 4 of the ‘Centralized Processing of Returns Scheme, 2011’, issued vide CBDT Notification No. SO 16(E), dated 4-1-2012, the

Govt may not be able to roll out GST before 2014 polls

January 3, 2013

GST·Gujarat VAT & CST·Service Tax & CBEC

Govt may not be able to roll out GST before 2014 polls.

CBDT Circular – How to calculate TDS on Salary for FY 12-13 (AY 13-14)

December 7, 2012

Income Tax

Section 192 of the Income-tax Act, 1961 – Deduction of tax at source – Salary – Income-tax deduction from salaries under section 192 during the financial year 2012-13 Circular no. 8/2012 [F.NO. 275/192/2012-IT(B)], DATED 5-10-2012 Download PDF – CBDT Circular – How to calculate TDS on Salary for FY 12-13.pdf

Service Tax Chart – Reverse Charge Mechanism

December 5, 2012

Service Tax & CBEC

[By Shaleen Shah (Partner), VNCA] The new Service Tax regime based on the “Negative List

Conclusions of the First OECD Global Forum on VAT

November 19, 2012

Gujarat VAT & CST

12/11/2012 – First OECD Global Forum on VAT confirms the need for an international standard on the VAT-treatment of international trade Countries around the world need to agree urgently on a global framework for the application of Value Added Taxes (VAT; also called Goods and Services Taxes, GST) to international

The Unimportance of Practically Everything

October 25, 2012

Miscellanea

[Source: Harvard Business Review (HBR Blog Network); Author: Greg McKeown] Greg McKeown is the CEO of THIS Inc., a leadership and strategy design agency headquartered in Silicon Valley. He was recently named a Young Global Leader by the World Economic Forum. Greg did his graduate work at Stanford. A friend

Key OECD Recommendations

October 18, 2012

Miscellanea

OECD has issued a report outlining the key recommendations that are critical to India’s long-term economic performance and social development. Glimpse of these recommendations are presented herein below: 1) Implement a revised Direct Tax Code which streamlines collection and reduces the overall burden of direct taxes. 2) Strengthen the independence

Earlier Posts

CBDT Circular Clarifying Issues Relating To Export Of Computer Software

Highlights of Companies Bill, 2012

Tax reforms: stage set for GST deal

Extension of time limit for filing ITR-V forms for AY 2010-11, 2011-12 & 2012-13

Govt may not be able to roll out GST before 2014 polls

CBDT Circular – How to calculate TDS on Salary for FY 12-13 (AY 13-14)

Service Tax Chart – Reverse Charge Mechanism

Conclusions of the First OECD Global Forum on VAT

The Unimportance of Practically Everything

Key OECD Recommendations

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