Sep 24, 2009

NEW FVU(FILE VALIDATION UTILITY) 2.128 FOR e TDS/TCS RETURN

Few days earlier some changes has been done in data of e TDS return .Now to validate new data changes Tin-Nsdl has released its new FVU(File...

Sep 23, 2009

MUTUAL FUND AGENTS MUST DISCLOSE DATA: SEBI

The Securities and Exchange Board of India (Sebi) is trying to ensure that mutual fund (MF) investors get the best deal from distributors. T...

Sep 20, 2009

SPECIAL ECONOMIC ZONE (SEZ) 2005 ACT

Introduction: Amidst WTO & GATS, Special Economic Zones have attained a centre stage. The Central Government has enacted the SEZ Act w...

CENTRALIZED SYSTEM FOR PROCESSING EXCISE & SERVICE TAX RETURN BY END OF THIS YEAR

The new centralised system for processing excise and service tax which would the save tax payer’s time and money would be rolled out across...

RUPEE DOLLAR CORELATION & FINANCIAL CRISES

About ‘Exchange Rate’ of a currency: The exchange rate of the currency of a country in relation to the currency of another country depen...

Sep 18, 2009

GOVERNMENT LAUNCHED INTEEST SUBVENTION SCHEME ON HOME LOAN

The Government today launched an interest subvention scheme of 1% on all individual housing loans upto Rs.10 lakh for units costing upto R...

E-STAMP DUTY-CAN REGISTER COMPANY ANYWHERE ON NET

Registrars of Companies have to ensure that proper stamp duty is paid on the instruments registered with their office. As of now, physical ...

Sep 16, 2009

SHARE BROKERS ARE ELIGIBLE TO CLAIM BAD DEBTS AS EXPENSES

CASE LAW DETAILS Decided by: Delhi High Court , In The case of: Commissioner Of Income Tax Vs. Db (India) Securities Ltd., Appeal No ...

Sep 15, 2009

ONLINE APPLICATIONS FOR COPYRIGHT

Shri Kapil Sibal, Union Minister of Human Resource Development launched a new Portal of the Copyright Office which includes a facility of o...

Sep 13, 2009

NEW TRADE POLICY EXPORTS ORIENTED

If there is any sector in India’s economy that has suffered the most in the current global economic downturn it is the export sector. It ...

Sep 12, 2009

HARYANA GOVT ANNOUNCED RATES OF LIQUOR FOR L1

HARYANA EXCISE HAS ANNOUNCED RATES OF LIQUOR FOR L1 TO SEE THE RATE LIST GO TO SEE LIST HERE

Sep 11, 2009

TDS RATES FROM 01-10-2009

TDS RATES FOR ACCOUNTING YEAR 2009-10 ONWARDS TDS RATES APPLICABLE FROM 01.10.2009 Section Code Nature of Payment Threshho...

HOW TO GET RECEIPT OF ITR-5

The Income tax department has added a link at www.incometaxindiaefiling.gov.in by the name “E filing Processing Status” under My Account Men...

INDIAN TAX SAVING MUTUAL FUND

Tax Saving Mutual Funds in India Prior to opting for a tax saving mutual fund , it is important that the investor consider certain imp...

VAT IS 4% IN HARYANA FOR HARDWARE ITEMS

Haryana government has announced the 4% vat on cash sales of hardware items which was 12.5% earlier with effect from 1st SEPTEMBER, 2009. FU...

Sep 10, 2009

COST INFLATION INDEX 2009-10 NOTIFIED

Today (09.09.2009) Cost Inflation index for Financial Year 2009-10 Has been notified.The Index is to be used for the calculation of Long ter...

Sep 9, 2009

INTEREST ON ERRONEOUSLY AVAILED CENVAT CREDITS

There have been two recent developments in regard to interest liability in cases of erroneously availed CENVAT credits on inputs. The quest...