The Financial Year 2011-12 closes on 31-3-2012 falling on Saturday. All the Income Tax Offices through out India shall remain open on this day and the receipts counters shall also work during normal office hours. This direction is issued for administrative convenience by the Central Board of Direct Taxes in exercise of powers conferred under […]
Income-tax offices to remain open on 31/03/2012 Read More »
As per the Finance bill 2012, the rate of Service Tax has been increased from 10% to 12%. The effective rate of Service Tax to be charged has been increased from 10.3% to 12.36%. This will be effective from 1st April 2012.
Effective date for Increase in Rate of Service Tax Read More »
The last date for Payment of Service tax pertaining to the month of March 2012 and for Quarter ending March 2012 is 31st of March 2012. In case of payment by Challan GAR 7, click here to download the Challan In case of e-payment of Service Tax, Click here to make the payment online.
Last date for Service tax for March 2012. 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 »
SPECIAL DEPOSIT SCHEME FOR NON-GOVERNMENT PROVIDENT, SUPERANNUATION AND GRATUITY FUNDS – NOTIFIED RATE OF INTEREST ON SUCH DEPOSITS NOTIFICATION NO.5(4)-B(PD)/2011, DATED 13-3-2012 It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No. F.
Non-Govt PF, Superannuation and Gratuity fund – Revision in Rate of Interest Read More »
Credit card usage is in India is in increasing trend over the years. The plastic money offers vide range of facilities and comfort apart from avoiding the risk of carrying money in hand. Credit cards if used wisely can aid you manage your finances effectively. But on the other hand, the usage of credit cards
CREDIT CARDS – A TRAP CALLED MINIMUM DUE PAYMENT Read More »
DIRECT TAX PROPOSALS v Changes in Tax Slabs : The existing differentiation of Male and Female assessees has been removed. The tax rates for all Individual assessees below 60 years of age for the year 2012-13 is as follows :- Income Level Rate of Tax Upto Rs. Rs. 2,00,000/- Nil Rs. 2,00,001 to Rs. 5,00,000/-
BUDGET 2012 – IMPORTANT TAX PROPOSALS Read More »
Income-tax is a very famous and well known direct tax inIndia. But many Income-tax assessees are unaware of the fact that they are also liable to pay wealth-tax and file Wealth-tax returns every year along with their Income-tax returns. In this article , let us try to analyse the various provisions with regard to Wealth-tax
Wealth-tax – Are you Complying with the Provisions ? 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 »
The last date for filing the DIN 4 for updation of PAN details in respect of DIN holders has been extended again till 30th April 2012. The Department of Company Affairs vide its circular No 4/2012 dtd 9th March 2012 has extended this time limit. The relevant circular is reproduced below :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2012/03/General_Circular_No_04_2012.pdf”]
Last date for updation of PAN details in DIN extended again. Read More »
The Government of Tamilnadu vide its notification dtd 09th March 2012, has reduced the rate of tax on sale of ready to eat unbranded foods and mineral water served in or catered indoors or outdoors by hotels , restaurants, sweet-stalls, clubs , caterers and any other eating houses , to 2% of the taxable turnover.
TNVAT on unbranded food & Mineral water reduced to 2% Read More »
How to make Income-tax payments online ? Tax payments offline (through challan) involves filling up of respective tax challan, visit to the bank and some times require another visit on subsequent day for collection of tax challans. This involves lot of time and effort and also involves the risk
How to make Income-tax payments online ? Read More »
Rural Electrification Corporation REC has come out with issue of Tax Free Secured Redeemable Non-Convertible Bonds in the nature of Debentures. These bonds are totally tax free and with a Tenor of 10 years & 15 years. The Highlights of this issue are reproduced below. Click here to send your queries. [gview file=”http://bssridhar.com/blog/wp-content/uploads/2012/03/rec-mar-2012.pdf”]
Issue of REC Tax free bonds open. Read More »
The following are the various statutory compliances for the month of March 2012 Payment of Service Tax (Feb 2012 Due) The last date for Payment of Service tax pertaining to the month of Febraury 2012 is 5th of March 2012. In case of e-payment, the due date is 6th of March 2012. In case of
Statutory Compliances for the month of March 2012 Read More »
Due to many number of requests from our readers, we are herewith providing the download links for the various tools provided by us in our post dated 21st Feb 2012. [wpdm_file id=3 title=”true” desc=”true” template=”bluebox drop-shadow lifted” ] [wpdm_file id=2 title=”true” desc=”true” template=”bluebox drop-shadow lifted” ] [wpdm_file id=4 title=”true” desc=”true” template=”bluebox drop-shadow lifted” ] Hope
EMI / Interest Rate Tools Download Links. Read More »
