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 »
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 »
