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 Income-tax Department vide its Notification No 58/2011 [F.NO 133/48/2011-SO(TPL)]/S.O.2468(E) DTD 29-10-2011, has notified New PAN Card Applications Form 49A & 49AA. Form 49A is applicable for Indian Citizens/Indian Companies/Entities Incorporated in India/Unincorporated Entities formed in India. Click here to download new Form 49A Form 49AA is applicable for Indian Citizens not being a Citizen
New PAN Application notified 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 »
RBI/2011-12/233 DBOD.Dir.BC. 42/13.03.00/2011-12 October 25, 2011 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Deregulation of Savings Bank Deposit Interest Rate – Guidelines 1. Please refer to our Directive DBOD.Dir.BC.89/13.03.00/2010-11 dated May 3, 2011. 2. As indicated in the Second Quarter Review of Monetary Policy announced on October 25, 2011, it has been decided to deregulate the
New RBI guidelines on Deregulation of Savings Bank Account Interest Rates Read More »
The Last date for filing the Service Tax Half yearly returns for the Half year ended 30/09/2011 (1st April 2011 to 30th Sep 2011) has been extended from 25th October 2011 to 26th December 2011. The relevant notification is reproduced below. F. No. 137/99/2011 – Service Tax Government of India Ministry of Finance Department of
Last date for Service Tax returns extended Read More »
The Last date for Submission of Annual Returns & Balance sheet in respect of Companies who have not filed the same has been extended till 15h of December 2011. Those companies who are in default of filing their Annual Returns and Balance Sheet/Profit & Loss Account for the previous years can make use of this
Last date for Company law Settlement Scheme 2011 extended 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 due date for submission of ITR-V for A.Y. 2010-11 has been extended upto 31.10.2011 or 120 days from the date of upload whichever is later. Source :- www.incometaxindiaefiling.gov.in To give an opportunity for the assessees who have filed their returns online (E filing) and are yet to receive an acknowledgement after sending the signed
Time limit for Submission of ITR-V for A.Y.2010-11 extended Read More »
Travel by train, passport fee, capitation fees to education institutions and non-compete fees given by companies may come under tax net as the government considers a ‘negative list’ model to tax services, which will boost its tax revenues significantly. Most countries follow the negative list model-where a list of exempted services is specified and every
Train travel, passport fee, capitation fee may come under service tax net 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 »
The Income-tax Department has issued Circular N0 05/2011 dtd 16th August 2011 containing the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2011-2012 and explains certain related provisions of the Income-tax Act. This circular will be a handy reference for Employers deducting tax from their
Tax Deduction on Salaries – Clarification Circular 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 »
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