Dec 31, 2009

Fraudulent E-mails in the name of Income Tax Department

No.402/92/2006-MC (23 of 2009) Government of India / Ministry of Finance Department of Revenue Central Board of Direct Taxes *** New De...

Dec 30, 2009

Perquisite Valuation rules not considered the inflation and old exempt amount limit been kept

  The fringe benefit tax (FBT) was strongly opposed by India Inc, but there is no doubt that it was beneficial to the employees — they did n...

In case of gifted Assets, indexation benefit is available from the year of acquisition of the previous owner

This article summarizes a recent ruling of the Special Bench (SB) of the Mumbai Income Tax Appellate Tribunal (ITAT) [ITA No. 7315/Mum/2007]...

Dec 28, 2009

Earn only in 5 minutes just try

Friends i have found a gr8 website on which just spend 5 minutes daily to view ads and you will get minimum of rupees 20 for it. the payou...

EXCISE DUTY TREATMENT IN GST REGIME

India may move to a dual Goods and Services Tax (GST) regime next year, but the Cenvat (excise duty) related exemptions, especially area-ba...

DATE OF ROLLING OUT GST WILL BE DECIDE ON JAN. 8

The date for rolling out the Goods and Services Tax could be announced on January 8, the Chairman of the Empowered Committee on State Finan...

Dec 27, 2009

IS TDS ON CMMISSION OF TRAVEL AGENTS OF FOREIGN AIRLINES VAILD

The Supreme Court would decide whether foreign airlines are liable to deduct tax at source (TDS) on commissions paid to travel agents for re...

Dec 26, 2009

FREE EDUCATION FOR ALL IN INDIA

The Union Cabinet today approved the introduction of a Bill in Parliament for carrying out certain amendments to the Right of Children to Fr...

Dec 25, 2009

REPORT OF TASK FORCE ON GST

  Further to the First Discussion Paper released by the Empowered Committee of State Finance Ministers on 10 November 2009, the Finance Comm...

RBI CIRCULAR ON MOBILE BANKING

RBI/2009-10/ 273 DPSS.CO.No.1357/ 02.23.02/ 2009-10 December 24, 2009 A reference is invited to the guidelines appended to our   circular ...

Dec 20, 2009

SECOND HOUSE PROPERTY AND INCOME TAX INPLICATION

People constantly snub the tax involvement points before buying any second house property. I write this article for those people who are re...