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><channel><title>Indian Chartered Accountants in India&#124;Chartered Accountants in Delhi</title> <atom:link href="http://www.ahujaandahuja.in/feed/" rel="self" type="application/rss+xml" /><link>http://www.ahujaandahuja.in</link> <description>Chartered Accountants Firm in Delh India</description> <lastBuildDate>Fri, 16 Mar 2012 12:19:19 +0000</lastBuildDate> <language>en</language> <sy:updatePeriod>hourly</sy:updatePeriod> <sy:updateFrequency>1</sy:updateFrequency> <generator>http://wordpress.org/?v=3.3.1</generator> <item><title>Budget 2012 Income Tax: Section 68 amended &#8211; Share application etc. treated as unexplained unless corroborated by the payer</title><link>http://www.ahujaandahuja.in/budget-2012-income-tax-section-68-amended/</link> <comments>http://www.ahujaandahuja.in/budget-2012-income-tax-section-68-amended/#comments</comments> <pubDate>Fri, 16 Mar 2012 10:42:26 +0000</pubDate> <dc:creator>Ashish Ahuja</dc:creator> <category><![CDATA[Budget 2012]]></category><guid
isPermaLink="false">http://www.ahujaandahuja.in/?p=1148</guid> <description><![CDATA[Budget 2012 has inserted Provision to Section 68 the effect of which is that any share application, share capital or share premium received in a privately held company shall be treated as unexplained income u/s 68 unless the same is corroborated by the payer of such amount. This was a long standing loophole which has &#8230;]]></description> <wfw:commentRss>http://www.ahujaandahuja.in/budget-2012-income-tax-section-68-amended/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item><title>Budget 2012 Income Tax: New Section 54GB, Exemption from Capital Gain if invested in Equity</title><link>http://www.ahujaandahuja.in/budget-2012-income-tax-section-54gb/</link> <comments>http://www.ahujaandahuja.in/budget-2012-income-tax-section-54gb/#comments</comments> <pubDate>Fri, 16 Mar 2012 10:22:54 +0000</pubDate> <dc:creator>Ashish Ahuja</dc:creator> <category><![CDATA[Budget 2012]]></category><guid
isPermaLink="false">http://www.ahujaandahuja.in/?p=1144</guid> <description><![CDATA[In Budget 2012 new Section 54GB is proposed to be inserted to provide exemption from long term capital gain on sale of residential house by Individual or HUF if the net consideration received is invested in equity shares of eligible company. The details of the section 54GB in plain terms is given as under: Exemption &#8230;]]></description> <wfw:commentRss>http://www.ahujaandahuja.in/budget-2012-income-tax-section-54gb/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item><title>Budget 2012 Income Tax: Sec 40A(2)(b) amended to include related companies</title><link>http://www.ahujaandahuja.in/budget-2012-income-tax-sec-40a2b-amended-to-include-related-companies/</link> <comments>http://www.ahujaandahuja.in/budget-2012-income-tax-sec-40a2b-amended-to-include-related-companies/#comments</comments> <pubDate>Fri, 16 Mar 2012 09:51:28 +0000</pubDate> <dc:creator>Ashish Ahuja</dc:creator> <category><![CDATA[Budget 2012]]></category> <category><![CDATA[40A(2)(b) amendment]]></category> <category><![CDATA[related companies transactions]]></category> <category><![CDATA[reporting of related company transactions]]></category><guid
isPermaLink="false">http://www.ahujaandahuja.in/?p=1140</guid> <description><![CDATA[Amendment proposed in Budget 2012 in definition of related persons u/s 40A(2)(b) to include a company in which the assessee company has a substantial interest. In plain terms where a company has substantial interest in another company, then any transactions between them are required to be reported in tax audit (if applicable) and is subject &#8230;]]></description> <wfw:commentRss>http://www.ahujaandahuja.in/budget-2012-income-tax-sec-40a2b-amended-to-include-related-companies/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item><title>Budget 2012 Income Tax: Exemption and decuction for Life Insurance policies now require Sum Assured atleat 10 times of premium</title><link>http://www.ahujaandahuja.in/budget-2012-income-tax-exemption-and-decuction-for-life-insurance-policies-now-require-sum-assured-atleat-10-times-of-premium/</link> <comments>http://www.ahujaandahuja.in/budget-2012-income-tax-exemption-and-decuction-for-life-insurance-policies-now-require-sum-assured-atleat-10-times-of-premium/#comments</comments> <pubDate>Fri, 16 Mar 2012 09:18:58 +0000</pubDate> <dc:creator>Ashish Ahuja</dc:creator> <category><![CDATA[Budget 2012]]></category><guid
isPermaLink="false">http://www.ahujaandahuja.in/?p=1135</guid> <description><![CDATA[Consequential amendment has been made in section 10(10D) and 80C of Income tax requiring Sum Assured to be at least 10 times of premium to require getting the benefits of the mentioned sections. This is consequential to the guidelines of IRDA requiring the policies to provide at least 10 times Sum Assured.]]></description> <wfw:commentRss>http://www.ahujaandahuja.in/budget-2012-income-tax-exemption-and-decuction-for-life-insurance-policies-now-require-sum-assured-atleat-10-times-of-premium/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item><title>Budget 2012 Income Tax: Retrospective Amendment to Section 2(14) to defeat the Supreme Court Ruling in Vodafone Tax Case</title><link>http://www.ahujaandahuja.in/budget-2012-income-tax-retrospective-amendment-to-section-214-to-defeat-the-supreme-court-ruling-in-vodafone-tax-case/</link> <comments>http://www.ahujaandahuja.in/budget-2012-income-tax-retrospective-amendment-to-section-214-to-defeat-the-supreme-court-ruling-in-vodafone-tax-case/#comments</comments> <pubDate>Fri, 16 Mar 2012 08:49:23 +0000</pubDate> <dc:creator>Ashish Ahuja</dc:creator> <category><![CDATA[Budget 2012]]></category> <category><![CDATA[vodafone case amendment]]></category> <category><![CDATA[vodafone tax case]]></category><guid
isPermaLink="false">http://www.ahujaandahuja.in/?p=1129</guid> <description><![CDATA[In the budget proposals of 2012 an explanation has been inserted in Section 2(14) i.e. the definition of &#8220;Capital Asset&#8221; to include &#8220;any rights in or in relation to an Indian company, including rights of management or control or any other rights whatsoever&#8221; as a capital asset. So any sale of rights in relation to &#8230;]]></description> <wfw:commentRss>http://www.ahujaandahuja.in/budget-2012-income-tax-retrospective-amendment-to-section-214-to-defeat-the-supreme-court-ruling-in-vodafone-tax-case/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item><title>Budget 2012: Excise proposal</title><link>http://www.ahujaandahuja.in/budget-2012-excise-proposal/</link> <comments>http://www.ahujaandahuja.in/budget-2012-excise-proposal/#comments</comments> <pubDate>Fri, 16 Mar 2012 07:06:08 +0000</pubDate> <dc:creator>Ashish Ahuja</dc:creator> <category><![CDATA[Budget 2012]]></category><guid
isPermaLink="false">http://www.ahujaandahuja.in/?p=1125</guid> <description><![CDATA[Increase in excise rate by 10% to 12% 5% to 6% 1% to 2%]]></description> <wfw:commentRss>http://www.ahujaandahuja.in/budget-2012-excise-proposal/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item><title>budget 2012: Service tax Proposal</title><link>http://www.ahujaandahuja.in/budget-2012-service-tax-proposal/</link> <comments>http://www.ahujaandahuja.in/budget-2012-service-tax-proposal/#comments</comments> <pubDate>Fri, 16 Mar 2012 07:04:24 +0000</pubDate> <dc:creator>Ashish Ahuja</dc:creator> <category><![CDATA[Budget 2012]]></category><guid
isPermaLink="false">http://www.ahujaandahuja.in/?p=1122</guid> <description><![CDATA[Service tax rate is increased from 10to 12% ( Increase by 2%) Service tax is applicable on all services except negative list]]></description> <wfw:commentRss>http://www.ahujaandahuja.in/budget-2012-service-tax-proposal/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item><title>Budget 2012: Income tax proposal</title><link>http://www.ahujaandahuja.in/budget-2012-income-tax-proposal/</link> <comments>http://www.ahujaandahuja.in/budget-2012-income-tax-proposal/#comments</comments> <pubDate>Fri, 16 Mar 2012 07:01:27 +0000</pubDate> <dc:creator>Ashish Ahuja</dc:creator> <category><![CDATA[Budget 2012]]></category><guid
isPermaLink="false">http://www.ahujaandahuja.in/?p=1119</guid> <description><![CDATA[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 bank interest till Rs. 10000/- No advance tax for senior citizen unless there is Business Income No change in Corporate tax rates Compulsory reporting of &#8230;]]></description> <wfw:commentRss>http://www.ahujaandahuja.in/budget-2012-income-tax-proposal/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item><title>Budget 2012: No Advance tax compliance for senior citizen except those having Business income</title><link>http://www.ahujaandahuja.in/budget-2012-aadhar-scheme-to-cover-40-crore-more-people/</link> <comments>http://www.ahujaandahuja.in/budget-2012-aadhar-scheme-to-cover-40-crore-more-people/#comments</comments> <pubDate>Fri, 16 Mar 2012 06:39:53 +0000</pubDate> <dc:creator>Ashish Ahuja</dc:creator> <category><![CDATA[Budget 2012]]></category><guid
isPermaLink="false">http://www.ahujaandahuja.in/?p=1113</guid> <description><![CDATA[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 there is business income Tagged With: rajiv gandhi equity investment, Rajiv Gandhi Equity Scheme, rajiv gandhi scheme in budget 12-13, tax audit exemption in f &#8230;]]></description> <wfw:commentRss>http://www.ahujaandahuja.in/budget-2012-aadhar-scheme-to-cover-40-crore-more-people/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item><title>External Commecial Borrowing ECB for Aviation Sector for Working Capital Allowed</title><link>http://www.ahujaandahuja.in/external-commecial-borrowing-ecb-for-aviation-sector-for-working-capital-allowed/</link> <comments>http://www.ahujaandahuja.in/external-commecial-borrowing-ecb-for-aviation-sector-for-working-capital-allowed/#comments</comments> <pubDate>Fri, 16 Mar 2012 06:16:33 +0000</pubDate> <dc:creator>Ashish Ahuja</dc:creator> <category><![CDATA[Budget 2012]]></category><guid
isPermaLink="false">http://www.ahujaandahuja.in/?p=1109</guid> <description><![CDATA[Budget 2012: ECB Allowed for Aviation Sector for Working Capital in view of difficulties faced by aviation industry]]></description> <wfw:commentRss>http://www.ahujaandahuja.in/external-commecial-borrowing-ecb-for-aviation-sector-for-working-capital-allowed/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> </channel> </rss>
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