Amendments in Minimum Alternative Tax (MAT)
Section 115JB, which provides for minimum alteration tax, has been prescribed at a rate of 18.5% and this will be affective from 1st April 2012 The computation mechanism has also…
Benefit of Indexation based on Payments made and the date of Allotment of Under Construction Builder Flat
Many of us face the problem of calculation of capital gain on sale of property which was purchased from builder in installments or otherwise and was under construction when the…
Empanelment of CA Firms with CAG for FY 2012-13 from 1st January to 15th February
CAG Empanelment for CA Firms for FY 2012-13 will begin from 1st January, 2012 till 15th February, 2012. The empanelment form has to be filled online on the website of…
Work Contract Services by Sub-Contractor for Infrastructure Project Exempt from Service Tax
Service Tax Department has issued a fresh notification No. 147/16/2011 dated 21st Oct, 2011 in clarification of Circular No. 138/07/2011 – Service Tax dated 06.05.2011 on the subject of taxability…
New RPU v 2.6 from NSDL for preparation of TDS returns
NSDL has launched new Return Preparation Utility (RPU) v 2.6 for preparation of TDS returns. This is the free version for preparation of TDS returns, however, in our experience using…
ICAI now allows conversion of CA Firms to LLPs
Currently, majority of CA firms in India are organised as partnership, where the the liability of the partners is unlimited and they are jointly and severally liable for the debts…