Sunday, June 10, 2012

Finance act , 2012 - assessment year 2013-14 - Income Tax Forum ...


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CA SACHIN GUPTA
IPCC TAX and LAW FACULTY

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I am attaching copy of Finance act ,2012 which was passed by president on 28th May,12 and will be applicable for Assessment year 2013/14.

Attached File : 765842 994196 finance act 2012.doc downloaded 8 times



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Every new edition of the Diagnostic and Statistical Manual of Mental ...




Every new edition of the Diagnostic and Statistical Manual of Mental Disorders stirs up a host of questions and controversies, and the next DSM - the DSM-5, to be published in 2013 - is no exception. The diagnoses related to alcohol and other substance use disorders have had their own share of the controversy, according to Marc A. Schuckit, M.D., editor of the Journal of Studies on Alcohol and Drugs and a member of the Substance Use Disorder Work Group for the DSM-5. An editorial from Schuckit in the July issue of JSAD, as well as letters from three experts, highlights the debate...

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Saturday, June 9, 2012

PST: Toronto fires Winter amid 8-game skid

Well, so much for the three-year plan.

Dutchman Aron Winter is out as manager at Toronto ? and the piecemeal revolving door of management, philosophies, tactical approaches, personnel plans, etc., just keeps a?swingin? for TFC.

We?ll have more on this later, on what it means to a club that has never made the playoffs, even in a league where the post-season structure remains fairly forgiving.

I always endorsed Winter?s long-term approach; he said all along, from his introduction as head coach before the 2010 season, that he had a three-year plan. But it really was harder and harder to see where this thing was going; TFC just set a league mark for futility to open a season, losing its first nine.

And Winter (or perhaps the collective management conglomerate) never seemed to get a grip on what kind of men would and wouldn?t work along the back line in MLS. Bold tactical approaches and 4-3-3s are fine and all ? but any system requires defenders who can, you know, defend.

And the midfield was a habitual, unstructured mess, one that never seemed to improve.

Whatever the reason, losing nine in a row in a season where hope had floated along Lake Ontario that playoff soccer was within reach, that just wasn?t good enough.

In a league of such parity, teams damn near have to try to lose nine games in a row. I?m not suggesting anything untoward here; just saying that?s how bad things were around BMO Field.

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Ji leads by 1 after 3 rounds at LPGA Championship

PITTSFORD, N.Y. (AP) ? Karrie Webb is in territory she used to take for granted ? in contention for a win at a major on the LPGA Tour. She relishes the feeling like never before.

"I still get really excited for the majors and the importance they have on everyone's career," Webb said Saturday after a 4-under 68 moved her within one shot of the lead after the third round of the LPGA Championship. "I probably want it more than I ever have in my career."

Webb, who counts seven majors among her 37 career wins, hasn't won one since beating Lorena Ochoa in a one-hole, sudden-death playoff in 2006 for her second Kraft Nabisco Championship title. Here, she's chasing Eun-Hee Ji heading to Sunday's final round.

Webb had four bogeys en route to a 2-over 74 on the opening round. The Australian has come back into contention with two straight rounds under par, though Friday's 71 was punctuated by five birdies and four bogeys. She had five more birdies on Saturday and only one bogey ? at the first hole ? to match Ji for the lowest round over the first three days.

"I think my patience level has really been quite good ? for me," said Webb, whose best finish in 10 tournaments this year was a tie for fourth at the Mobile Bay LPGA Classic in late April. "On Thursday, I started feeling sorry for myself. The fact that I overcame that early trouble really reinforced that. The stakes will be a lot higher (Sunday), but I've done a good job so far."

Webb rallied with birdies on three of her final five holes, capping the rush with a 15-foot birdie putt from the fringe at No. 17.

"I want to have a chance to win," Webb said. "It feels great to have a chance tomorrow."

Ji, coming off her first top-10 in more than two years, was solid again off the tee on the unforgiving Locust Hill Country Club course, hitting 11 of 14 fairways and reaching 11 of 14 greens in regulation. That gave her an impressive total of 39 GIRs in 54 holes.

"I always trying hard," said Ji, who captured the 2009 U.S. Women's Open with a birdie putt on the final hole. "My confidence is going lower last year. I'm a little bit nervous, but I'm trying to be hopeful and just playing my game."

Giulia Sergas, who shared the first-round lead but had a 76 on Friday in the wind-swept second round, moved back near the top with four birdies on the front nine and also finished with a 69. Sergas was tied at 2 under with Stacy Lewis, Suzann Pettersen and Inbee Park. Lewis, a two-time winner in her last three events, had a 70, Pettersen shot a 71, and Park had a 72.

Paula Creamer was at or near the top most of the day, but faltered at the end and finished with a 73. She was in a seven-way tie at 1 under.

Defending champion Yani Tseng had her best round of the three days, finishing with at 74 after a 76 and a 75.

There were 24 players within four shots of the lead at the start of play. When the day ended, there were 13, including 2010 champion Cristie Kerr, within four shots of the top heading to the final round.

Jennifer Johnson was one of them after a 71. She hit her first six fairways and sank a pair of birdies on the front nine, eagled the par-5 17th hole to reach 3 under, then gave it back with a double bogey at the closing hole.

Still, Johnson was among five Americans ? Sydnee Michaels was the other ? in the hunt for the second major of the year.

Over the first two days, only 28 players broke par and only six scored below 70. Webb added her name to the latter list as the course played easier than it had the first two days.

The start of play on Saturday was delayed 2 1/2 hours by rain, adding tension to the moment, but the predicted storms held off. That allowed the players, who went in threesomes off both the first and 10th tees, to finish without another delay.

Ji, who won here at the Wegmans LPGA in 2008, was in a six-way tie two shots off the lead to start the day. She made four birdies and a bogey on the front nine and made the turn tied for the lead at 3 under. She took sole possession of the top spot with a birdie at the par-5 11th hole.

Creamer hit 10 of 14 fairways and reached 16 of 18 greens in regulation, but aside from a strong birdie to start the round, her putter deserted her all too often. She tied Ji at 4 under with a birdie at No. 12, but bogeyed the next hole and two of her final three to fall back.

Creamer's long birdie putt attempt at the par-5 eighth hole broke nicely toward the cup but didn't have enough behind it, leaving her shaking her head in frustration at a missed opportunity. She also missed another short birdie at No. 10 despite perfect pace on the ball as it came to a stop an inch or two to the left of the cup and slid another just past the hole at the par-5 11th hole.

"I've been working so hard with my golf swing, when things go wrong I kind of overanalyze," Creamer said. "I made a great birdie putt on 12, and from there I didn't hit any good putts. I tried to stay positive, but. I was bummed. It's pretty disappointing. I kind of got in my way with my putter."

Lewis missed a short birdie putt at No. 10 and did so again at the 12th hole, her 5-footer curling left of the hole as she, too, shook her head in dismay. A bogey at 13 dropped her back to 1 under, but a birdie at 17 put her in a position she relishes.

"It's a lot easier coming from behind," said Lewis, the top-ranked American. "It's so hard to keep your focus. I almost like being at the back and kind of coming up and surprising someone."

Se Ri Pak, still not fully recovered from a left shoulder injury suffered in April, had been the picture of consistency the first two rounds, shooting 70 and 71, and began the day with a one-shot lead.

The magic was gone, though, on this day, and it was evident after her first swing.

Pak drove the right rough at the opening hole and was unable to get up and down, making bogey to fall out of the lead. She followed that by making three more bogeys before the turn and added another at No. 10 to fall to 2 over, six shots behind Ji. Pak finished with a 76 and was five shots back.

Just how difficult were the conditions at Locust Hill over the first two rounds? For Tseng, they were insurmountable.

In winning the LPGA Championship by 10 shots a year ago, Tseng set a tournament record for most birdies with 26 and came back to defend her title leading the tour in birdie average (4.64). She managed only five over the first 42 holes to go with a whopping 14 bogeys as the narrow course proved the toughest of challenges with its extra-thick rough and swirling winds.

Divots: Jodi Ewart aced the 15th hole Saturday. It's the fifth time a hole-in-one has been made at the par 3 ? Suzann Pettersen was the last to do it in 2004 ? and the 15th ace in LPGA tournaments held at Locust Hill.

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The strangest baby shower cakes ever (pics!) | BabyCenter

I love baby showers just as much as the next gal. A fun afternoon with the ladies opening presents, hanging out with good friends and family, a lot of laughter, yummy finger foods, fun games (I like the one where you have to figure out which candy bar is smooshed in between a diaper). Then there is the oohing and aahhing while the mommy-to-be opens her gifts. The excitement at the thought of a new baby and?.totally inappropriate and downright creepy baby shower cakes.

I mean, I thought I?d seen some strange stuff in my day (hey, I?m an artist?it comes with the job), but really, these baby shower cakes take the proverbial cake. Pun absolutely intended. They are like a car wreck?you want to look away but you just can?t.

Scroll through a few of these gems from Cake Wrecks and you?ll sound just like me, ?My eyes, my eyes!? You can?t unsee these bad boys either. You?ve been warned.

Proceed.

Which one will be on the menu at your next baby shower? I can?t lie, I?m partial to the blue baby with the chewy-looking umbilical cord.

Follow @pearmama on Twitter and Pinterest and read more from Denise at Pearmama.com.

Image source: Cake Wrecks

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Friday, June 8, 2012

Uplink hacking into iPad and Android

Introversion's delightful computer hacking sim Uplink is coming to those most cyberpunk of platforms, tablets. An iPad version was released yesterday, while an Android edition is "coming soon." Get your cyberglove on, decker.

Uplink turns you into a leet haxor for hire, sneaking into systems with malicious intent, stealing, sabotaging, and framing while you try to cover your tracks. Good fun, and now a fantastic way to make people sitting next to you on the public subterranean rail transport feel very nervous.

The iPad edition is available now from the iTunes App Store for $4.99.

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Spain has successful bond sale after tough week

A homeless person sleeps in the doorway of a bank in Madrid Thursday June 7, 2012. Spanish Prime Minister Mariano Rajoy pleaded with European leaders "to support those that are in difficulty" and push toward greater fiscal unity - a step that might allow its troubled banks to get direct financial help. The call comes although Spain insists it doesn't need outside aid. (AP Photo/Paul White)

A homeless person sleeps in the doorway of a bank in Madrid Thursday June 7, 2012. Spanish Prime Minister Mariano Rajoy pleaded with European leaders "to support those that are in difficulty" and push toward greater fiscal unity - a step that might allow its troubled banks to get direct financial help. The call comes although Spain insists it doesn't need outside aid. (AP Photo/Paul White)

(AP) ? Spain raised ?2.1 billion ($2.62 billion) Thursday from the bond markets ? but investors demanded a higher interest rate out of concern that the country's troubled banks were weighing heavily on government finances.

The successful sale of medium and long-term debt came just days after Spain made its most explicit signal that it needs help from Europe for its struggling banks while Finance Minister Cristobal Montoro warned that the high interest rates demanded by investors on Spanish debt in recent weeks indicated "the door to the markets is not open for Spain."

Spain's banks are saddled with billions in soured property investments following the bursting of the country's real estate bubble. At the end of May, the most stricken lender, Bankia S.A., said it needed ?19 billion in government aid to shore up its finances against losses on its toxic home loans. But Spain only has ?5 billion left in a ?19 billion fund that it established in 2009 to help banks and has not mapped out a plan for raising the extra funds.

Estimates have put the cost of a complete bailout for the Spanish banking sector between ?40 billion and ?100 billion.

Spain would like to get European aid for its banks but is reluctant to ask for it because under current rules the aid would have to be given to the government. That would allow Brussels to dictate policies to Madrid, something the Spanish government is keen to avoid. It would also further hit investor confidence, sending interest rates on its bonds even higher.

The interest rate on Spanish debt has soared in recent weeks to as high as 6.7 percent on fears over the country's creditworthiness. A rate of 7 percent is considered by market-watchers as unsustainable over the long term ? and the point at which Greece, Ireland and Portugal had asked for a bailout.

"There is talk on the start of different solutions, but there's still nothing concrete," said Antonio Barroso, an analyst with the Eurasia Group political risk consulting group. "And I think that's why markets are still a little bit hesitant."

The country has become the focus of Europe's debt crisis because bailing out the eurozone's fourth-largest economy would likely stretch the region's finances to breaking point.

However, there have been reports that European Union officials have been exploring ways to inject funds into the country's fragile banking sector without imposing strict conditions. The Financial Times said Wednesday that such a move could make the Spanish government less reluctant to accept international assistance.

Officials in Brussels are reported to have been looking at the conditions of the European Union's existing bailout fund, the European Financial Stability Facility. At a summit meeting in Brussels last July, EU leaders approved a measure allowing the bailout funds to lend money to recapitalize banks in countries that are not already receiving bailouts ? such as Spain.

The money would have to be funneled through the government. But because the money is meant to help troubled financial institutions rather than the government, the conditions attached to the bailout loan would not have to be as over-arching as those attached to government bailouts, such as in Greece and Ireland.

Instead, according to the guidelines adopted in July, they could be "more focused."

However, the country in question would be ultimately responsible for repaying the loan, and would have to show that its economic policies are sound enough to allow it do to that.

Economy Minister Luis de Guindos said Wednesday that a decision on recapitalizing the sector would be made after two international auditing firms contracted to pinpoint the extent of the troubled banks' problems issue their reports at the end of the month. An IMF report on the banks will be completed next Monday.

The Spanish government has said that the amount of money needed to prop up the sector is not excessively high and would be easily manageable under a system of greater Europe banking unity.

Wednesday's bond sale saw strong demand for the country's 10-year bonds ? about 3.3 times the amount on offer. The Treasury also sold bonds maturing in 2014 and 2016.

The Treasury paid an average interest rate of 6 percent to sell ? 611 million in key 10-year bonds, up from 5.7 percent in the last such auction April 19. The rate is still lower than the 6.1 percent being demanded on the secondary market, where issued bonds are traded openly and the rate is seen as an indicator of investor wariness.

However, some analysts said that the maximum amount sought by the Treasury in the auction ? ?2 billion ? was so small it made the sale almost symbolic.

"At such a low figure, it was highly unlikely that the targeted amount would not be reached, "said Javier Flores, an analyst in Spain with Asinver investment group.

____

Alan Clendenning and Daniel Woolls in Madrid and Don Melvin in Brussels contributed to this report

Associated Press

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