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Interest Rate on PPF increased to 8.60 percent w.e.f. 01.12.2011

[TO BE PUBLISHED IN THE GAZETTE OF INDIA: EXTRAORDINARY, PART II-SEC. 3 (i)] MINISTRY OF FINANCE New Delhi, the 25th November, 2011 (Department of Economic Affairs) NOTIFICATION S.O. (E).– In…

Read More Interest Rate on PPF increased to 8.60 percent w.e.f. 01.12.2011Continue

TDS

Companies, Banks now required to issue Form 16A TDS Certificates Online Only

Any TDS deducted on or after April 2011 by a deductor, which is a company or a banking company or any bank or banking Institution or a cooperative society doing…

Read More Companies, Banks now required to issue Form 16A TDS Certificates Online OnlyContinue

Software

XBRL free software

Many companies  is charging  from Sixty to thirty thousand for one year for Xbrl Software.  Now you can download  its free.  ‘Apex Xbrl Maker Free Edition’ and it is developed by…

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Income Tax

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…

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Income Tax

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…

Read More Benefit of Indexation based on Payments made and the date of Allotment of Under Construction Builder FlatContinue

ICAI News

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…

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Service Tax

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…

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TDS

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…

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ICAI News

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…

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Ahuja & Ahuja Chartered Accountants in India

We are a full service Chartered Accountancy Firm serving clients located in India and Abroad. We are located in Delhi / NCR region of Delhi, Noida & Gurugram

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