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 Reserve Bank of India vide its Notification No DBOD. No. Dir. BC.107/13.03.00/2011-12 dtd 5th June 2012 has issued a new directive to all banks with regard to charge of foreclosure/prepayment penalties in respect of Home loans taken on floating rate method. As per the above notification, the banks will not be permitted to charge foreclosure charges/pre-payment
Fore-closure charges ,Pre-payment penalties on Home loans abolished Read More »
The Finance Act 2012 had proposed major changes in the Service Tax (including the negative list approach) provisions. As the Finance Act has received the assent of the President of India, the new provisions have come into effect. Accordingly, the Government of India has notified the dates from which these new provisions will be made
New Service Tax provisions to be applicable from 1st July 2012 Read More »
