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Tax Savings Bond u/s. 80CCF from IDFC issue is open now

General, Income-tax /

Infrastructure Development Finance Company Limited (IDFC)  has come out with issue of Tax Savings Bonds, the Investment in which will qualify for additional deduction of Rs. 20000/- u/s. 80 CCF of the Income-tax Act,1961. The salient features of this issue are reproduced below :- Click here to send your enquiry [gview file=”http://bssridhar.com/blog/wp-content/uploads/2012/01/IDFC2012.pdf”]

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Tax Savings Bond u/s. 80CCF from L & T Infra issue is open now

General, Income-tax /

L & T Infrastructure Finance Company Limited has come out with issue of Tax Savings Bonds, the Investment in which will qualify for additional deduction of Rs. 20000/- u/s. 80 CCF of the Income-tax Act,1961. The salient features of this issue are reproduced below :- Click here to send your enquiries [gview file=”http://bssridhar.com/blog/wp-content/uploads/2012/01/LANDT2012.pdf”]

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Last Date for Updation of PAN Details in DIN extended again !!

Company Law, General /

The Ministry of Corporate Affairs vide its General Circular No. 70/2011 dtd 15.12.2011 has extended the last date for updation of PAN Details in respect of Director Identification Numbers (DIN) from 15.12.2011 to 29.02.2012. Those DIN holders who have not updated their DINs with the PAN Numbers can make use of this opportunity. The relevant

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Validity period of Cheques/Pay orders/Bankers Cheque changed

General, RBI Guidelines /

As per the recent RBI Notification No RBI/2011-12/251 DBOD.AML BC.No.47/14.01.001/2011-12 dtd. 4th Nov 2011, the RBI has instructed the member banks that , from 01.04.2012 onwards , the Cheques bearing dates more than 3 months will not be paid by the banks. This is being done to curb the practice of circulating the same like cash for

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Budget 2011 – Tax Proposals

General, Income-tax /

CHANGES IN RATES OF INCOME TAX In case of Resident Individual (Below 60 years of age) & HUF              Income Level                                              Tax Rate (%) Upto Rs. 1,80,000/-                                                  Nil Rs. 1,80.001/- to Rs. 5,00,000/-                        10% Rs. 5,00,001/- to Rs. 8,00,000/-                         20% Above Rs. 8,00,000/-                                                30% In case of

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