Is the IT Department really watching you? In recent times, lot of news coverage is being given to the proceedings by the Income-tax department in respect of their action against tax evaders. Very often we see Newspaper advertisements and TV commercials warning the tax evaders to comply with Income-tax filing and payment requirements. These advertisements/commercials […]
Is the IT Department really watching you ??? Read More »
The due date for submission of ITR-V for A.Y. 2011-12 has been extended upto 31.03.2012 or 120 days from the date of upload whichever is later. If you have e filed your Income-tax return and have failed to send the signed ITR-V to CPC-Bangalore, here is an opportunity for you to submit the ITR-V now.
Due date for Submission of ITR-V for A.Y.2011-12 extended till 31.03.2012 Read More »
CIBIL (Credit Information Bureau India Ltd) Report is a very important report used by almost all the Financial Institutions who intend to know about the Credit worthiness of their prospective Borrowers. This CIBIL report is now available for Companies also. This is available for Proprietorship,Partnership,Private Limited Company & Public Limited Company. You can use this
CIBIL Reports now available for Companies also Read More »
Indian Railway Finance Corporation Ltd Brief Introduction of the company: Ø Financing arm of the Indian Railways, notified as a Public Financial Institution under Section 4A of the Companies Act, 1956. Ø Registered as a NBFC-ND-IFC (Infrastructure Finance Company) with Reserve Bank ofIndia. 100% shareholding held by Government of India. Consistently profit making Public Sector
Issue of Tax free bonds from IRFC. Read More »
In view of the Shortfall in the Revenue, and increase in fiscal deficit, the Central Government has directed the Income-tax Department to launch two month Special Initiative to trail and verify high value transactions by persons not assessed to tax or those who have not furnished their PAN during such deals. This special Drive will
Income-tax Department’s Drive Against Tax evasion from 20.01.2012 Read More »
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”]
Tax Savings Bond u/s. 80CCF from IDFC issue is open now Read More »
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”]
Tax Savings Bond u/s. 80CCF from L & T Infra issue is open now Read More »
The Last date for filing the Half Yearly Service Tax returns in respect of Half year ended 30th September 2011 has been extended again from 06.01.2012 to 20.01.2012. The relevant Circular is reproduced below. Those assessees who have not filed their returns can make use of this opportunity. Cick here to send your enquiry for
Service Tax Half yearly return filing – Last Date extended again Read More »
Link for E payment of Income-tax/TDS/Dividend Tax Click Here Link for E Payment of Service Tax Click Here
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 following are the Various Statutory Obligations for the month of January 2012. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of December 2011 & for Quarter ended 31st December 2011 , is 5th of January 2012. In case of e-payment, the due date is 6th of
Statutory Obligations for the month of January 2012 Read More »
The last date for filing Service Tax return for the 1 half of the financial year 2011-12 has been extended upto 6th January 2012. The relevant Circular is reproduced below :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2011/12/2011_CBEC.pdf”]
Due Date for filing Service Tax returns extended !!! Read More »
The Reserve Bank of India vide its Notification No RBI/2011-12/303 DTD 16.12.2011 has deregulated the Interest rates on Non-Resident (External) , Rupee (NRE) Deposits and Non-Resident (NRO) Accounts. In view of the above, the banks are now free to determine the rate of Interest payable on these deposits. However the rate of interest offered on
Deregulation of Interest rates on NRE & NRO Deposits Read More »
The Ministry of Corporate affairs vide its General Circular No. 71/2011 dtd 15.12.2011 has extended the last date for filing the documents under Company Law settlement Scheme 2011 to 15th January 2012. In the above circular it has been clearly specified that this will be the final opportunity for the Inactive companies to file their Annual
Last Date for Company Law Settlement Scheme 2011 (CLSS 2011) extended again. 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 »
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