Power Finance Corporation of India has come out with Tax free , Secured, Non-Convertible Debentures. The Interest on these debentures are completely tax free and Investment in these bonds are also exempt from Wealth Tax. The Salient features of this issue are as below :- Click here to send your enquiries/suggestions , if any. Public Issue […]
Issue of Tax Free Bonds by Power Finance Corporation Read More »
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
Last Date for Updation of PAN Details in DIN extended again !! Read More »
The following are the Various Statutory Obligations for the month of December 2011. Payment of Advance Tax The last date for Payment of Advance Tax (3rd Instalment in case of Companies & 2nd Instalment in case of Non Companies) for the A.Y.2012-13 is 15th December 2011. Click here to make Advance Tax Payment online. Click
Statutory Obligations for the month of December 2011 Read More »
The Government of India has announced increase in rate of interest being offered on Post office Savings schemes. The Salient features are as follows :- 1) Post office Savings Account Interest rate has been increased from 3.5% to 4% p.a 2) Post Office monthly Income Scheme Interest rate has been increased to 8.2% p.a. 3)
Increase in Rate of Interest on Post office Savings Schemes Read More »
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
Validity period of Cheques/Pay orders/Bankers Cheque changed Read More »
The following are the Various Statutory Obligations for the month of November 2011. Payment of Service Tax The last date for Payment of Service tax for the month of October is 5th of November 2011. (Applicable only for assessees OTHER THAN Individual, Proprietorship & Partnership firm) In case of e-payment, the due date is 6th of
Statutory Obligations for the month of November 2011 Read More »
The Ministry of Corporate affairs vide its General Circular No. 66/2011 dtd 4th October 2011 has extended the last date for updation of the PAN (Permanent Account Number) particulars in respect of DINs (Director Identification Numbers) obtained earlier and in which PAN Data has not been updated. As per the Earlier notification , the Last date
Date for Updation of PAN in DIN forms extended… Read More »
The following are the Various Statutory Obligations for the month of October 2011. Payment of Service Tax The last date for Payment of Service tax pertaining to the Quarter 2 (July 2011 to Sep 2011) is 5th of October 2011. In case of e-payment, the due date is 6th of October 2011. In case of
Statutory Obligations for the month of October 2011 Read More »
The service Tax Department has made the E filing of Half yearly Returns of Service Tax mandatory w.e.f 1st October 2011. The relevant Notification is reproduced below :- Click here to send an enquiry to us [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA
E filing of Service Tax returns made mandatory Read More »
As per SEBI Circular No CIR/ IMD /DF / 14 /2011 dtd August 9, 2011, the Foreign Investors who meet the KYC (Know Your Customer) requirement may invest in Equity and Debt Schemes of Mutual Funds (MF) in India. This is subject to a overall ceiling of US $10 billion for Equity Schemes. Click here to
Foreign Investors can invest in Mutual Funds in India now !!! Read More »
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
Budget 2011 – Tax Proposals Read More »
The Government of India has signed a Protocol with the Government of Switzerland in August 2010 for the purpose of amending the Tax Treaty between the Swiss Confederation and the Republic of India. The protocol has been signed with the intent to enable the Government of India to access the accounts maintained in the Swiss
Unearthing Indian Black Money in Switzerland Read More »
Hi , We are Posting useful articles in this Blog relating to Income-tax,Corporate Law , VAT,Service Tax,etc.., Visit our Blog regularly to have an update on the above
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