The Government of India has decided to issue Inflation Indexed National Savings Securities which is aimed at an alternative instruments to hedge the rate of inflation. This issue is intended for Retail Investors and are linked to the Consumer Price Index (CPI) (Base : 2010=100). The FAQs of Inflation Indexed National Savings Securities are given […]
RBI’s Inflation Indexed National Savings Securities – FAQ’s Read More »
The Income-tax Department has notified the ITR-5 efiling utility for e-filing the Income tax return in respect of Partnership firms. This utility can be used by the following assessees :- – a person being a Firm (Including LLP), – AOP , – BOI, – Artificial Judicial Person referred to in Section 2(31) of Income-tax Act,1961
ITR-5 e-filing utility notified Read More »
The Income tax department has released the e filing utility ITR-4 for filing returns of Individual having income from Proprietorship Business. Click the link below to download the excel efiling utility. [wpdm_file id=29]
ITR-4 e-filing utility notified Read More »
The Income-tax efiling website (www.incometaxefiling.gov.in) has released the utility for filing the returns using ITR-2. This return form is to be used by an Individual or a HUF (Hindu Undivided Family) whose Total Income for Assessment Year 2013-14 includes- 1) Income from Salary/pension. or 2) Income from House property ; or 3) Income from Capital
ITR-2 E-filing utility available for download now. Read More »
The following are the Various Statutory Obligations for the month of May 2013. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of April 2013 is 5th of May 2013. In case of e-payment, the due date is 6th of May 2013. In case of payment by Challan
Statutory Obligations for the month of May 2013 Read More »
The Income-tax Department has started accepting e-filing returns for the year 2011-12 (A.Y.2012-13). ITR-1 which is applicable for assessees having income from salary and income from other sources (only interest income or family pension) can be filed now using the utility provided in the Income tax department website. Click here to download the ITR-1 for
E filing for A.Y.2012-13 (F.Y.2011-12) commenced Read More »
The Reserve Bank of India vide its Monetary Policy statement has announced the reduction of repo rate by 50 basis points. Consequent to this announcement, it is likely that the banks shall reduce the rate of interest on Car,Housing and other loans which are offered under the Floating rate of Interest.
RBI reduces rate by 50 basis points Read More »
Nowadays,large number of NBFC’s have started giving loans against the Gold Jewellery and the size of the Loan Portfolio is in increasing trend day by day. In order to regulate the same and as a prudential measure , the reserve bank of India vide its Notification dtd 21st March 2012 has imposed certain restrictions on
RBI Restriction on Gold Loans given by NBFC Read More »
Every person holding Deposits with Banks/Financial Institutions/Companies must have heard about these forms 15G & 15H. As a depositor, you will be required by the bankers/financial institutions/Companies to submit Form 15G/15H for non deduction of tax at source (TDS). But, how many of us really know, what this Form 15G/15H is and what are the
All about Form 15G & Form 15H 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 »
