Saturday, March 31, 2012

Crash Course for CA CS and CMA Students

"The past cannot be changed. The future is yet in your power."

Saraswati Institute of Front Runners (SIFR) announces new crash course-morning/evening batches starting from 3rd & 10th April, 2012 onwards for-

1. CA- CPT & PCC/IPCC
2. CS- Foundation & Executive
3. CMA- Foundation & Inter

For registration & other details contact at-

9350102101
9015667204

Or write to us at –

Limited seats available… Registration on first come & first serve basis.. Hurry, get enrolled now!!

Join SIFR & feel the magic of everlasting success!!

Saturday, March 17, 2012

Budget Highlights 2012-13


o   India's GDP estimated to grow at 6.9% in 2011-12
o   See signs of Indian economy turning around
o   Agriculture and services have continued to perform well and manufacturing appears to be at the cusp of a revival
o   Expect headline inflation to moderate in next few months
o   Current account deficit likely to be at 3.6% for FY12
o   Average crude price likely to exceed USD 115 per barrel in 2012
o   Focus on domestic demand driven growth
o   Need to address black money issue
o   Will encourage private investment
o   Government will raise Rs 30,000 cr via divestment in FY13
o   GST will become operational by August 2012
o   Government to move MFI Bill
o   Mandatory to make IPOs of Rs 10 crore plus to introduce it in electronic form
o   Will introduce Rajiv Gandhi Equity Scheme to encourage retail investors
o   Tax exemption on individual share investments below Rs 10 lakh
o   Expect infra investment in the 12th Plan to be Rs 50 lakh crore
o   Tax free infrastructure bonds doubled to Rs 60,000 crore
o   No progress on FDI in aviation
o   Rs 50,000 tax exemption for retail investors
o   Fiscal deficit pegged at Rs 5.13 lakh crore for FY13
o   DTC not effective this year
o   Exemption up to Rs 2 lakh for taxpayers
o   No change in corporate tax rate
o   STT reduced from 0.125% to 0.1%
o   No tax return upto Rs 5 lakh
o   Propose to hike service tax rate from 10% to 12%
o   Government services, education, entertainment, public transport exempted from service tax
o   Senior citizens to be exempt from advance tax payments
o   Income above Rs 10 lakh to be taxed at 30%
o   Exemption limit for direct taxes increased to Rs 2lakh from Rs 1.8 lakh in FY 2012-13 
o   Sec 44 AB : Professionals whose receipts exceeds- Rs. 25 lakhs, business & profession Rs. 1 Crore.

Income Tax Slab for Financial Year 2012-13
Assessment Year 2013-14

Tax
Man
Women
Senior Citizen



Rate
(In Rupees)
(In Rupees)
(In Rupees)


1
0.00%
Upto 2,00,000
Upto 2,00,000
Upto 2,50,000


2
10.00%
2,00,001 to 5,00,000
2,00,001 to 5,00,000
2,50,001 to 5,00,000


3
20.00%
5,00,001 to 10,00,000
5,00,001 to 10,00,000
5,00,001 to 10,00,000


4
30.00%
Above 10,00,000
Above 10,00,000
Above 10,00,000


Note :- 1) Surcharge is Nil and 3% Cess will be charged on Above Tax


2) Age of Senior Citizen is = 60 Years




3) Benefit of Rs. 1.50 Lakh for Interest on Housing Loan will be continued



Sunday, March 11, 2012

Crash Course for CA CPT and CA PCC/IPCC Students


“Right now a moment of time is passing by...We must become that moment.”

Saraswati Institute of Front Runners (SIFR) announces Crash course starting from 19th & 26th March, 2012 for CA CPT & CA PCC/IPCC Students appearing in May 2012 attempt.

For registration & other details, contact at-

9015667204
9350102101

Or write to us at-

Limited seats available….Book your seats asap so as to avoid last minute rush.. …. Hurry… Get Enrolled now!!

Dates for Crash Course for CS (Foundation/Executive) and CMA (Foundation/Inter) students to be announced shortly!

Join SIFR & Feel the magic of everlasting success! 

Wednesday, March 7, 2012

Happy Holi !!


Red 4 prosperity
Green 4 happiness
Blue 4 longevity
Orange 4 progress
Pink 4 friendship
May u be blessed with all Shades of life…
Wish you a very happy and colourful holi!