Jan 31, 2010

COMPANIES CONCERN HOW TO PROTECT PRIVATE DATA ONLINE

This Thursday (January 28) was observed as the Data Privacy Day by the United States, Canada and 27 countries of the European Union that ac...

Jan 30, 2010

RESERVE BANK HIKES CASH RESERVE RATIO (CRR)

In a move to contain rising inflation, the Reserve Bank of India (RBI) hiked the Cash Reserve Ratio (CRR) — the portion of deposits that com...

FIXED DEPOSIT VALUE CALCULATOR

FIXED DEPOSITS: As the name suggests it's an investment in which one has get the fixed amount of interest on its deposit.It's t...

Jan 29, 2010

ADJUSTMENTS OF ADVANCE TAX IN RESPECT OF FRINGE BENEFITS FOR ASSESSMENT YEAR 2010-11

CIRCULAR NO. 2/2010. Dated 29/01/2010 F. N0.385/05/2010-IT (B) Government of India Ministry of Finance Department of Revenue Central Board o...

Jan 28, 2010

Notification S.O. No. 66(E) OF INCOME TAX

Notification S.O. No. 66(E) Notification of the Government of India, Ministry of Finance, Department of Revenue (Central Board Of Direct Ta...

AMENDMENTS IN SECTION 80G OF INCOME TAX ACT

  Notification S.O. No. 67(E). In exercise of the powers conferred by Explanation 4 to section 80G of the Income-tax Act, 1961(43 of 1961),...

DEPRECIATION CALCULATOR

Depreciation is a non cash expense. It reduces the market value of different types of assets. building,furniture,fan,car,scooter,telev...

Jan 27, 2010

INCOME TAX DEPARTMENT PLACED ROBUST METHOD FOR ISSUING REFUND

Refund Fraud scamsters Identified. Swift action by the Income tax Department to put in place a robust method of issuing refunds No.402/92/...

CRR,REPO RATE AND REVERSE REPO RATE LIKELY TO INCREASE IN COMING MONETARY POLICY

Ahead of the   Reserve Bank ’s quarterly   monetary policy , RBI  is likely to signal   interest rate   hikes to suck out liquidity from the...

Jan 25, 2010

NEW PROVISION OF TDS WILL BE APPLICABLE FROM 1ST APRIL 2010

CBDT has notified that the new provision relating to tax deduction at source (TDS) under the Income Tax Act 1961 will become applicable with...

TDS LIMIT FOR TAX DEDUCTION

When the income tax exemption limit for senior citizens is enhanced to Rs. 2.40 lakh, the TDS limit is still kept very low at Rs. 5,000 for ...

Jan 23, 2010

INCOME TAX DEPARTMENT GIVING HIGH LOOK TO TDS COLLECTION

The Income Tax department is giving special attention to tax deducted at source (TDS) as it aims to turn in the highest ever collection from...

GRATUITY CEILING LIMIT WILL BE 10 LAKHS FOR PRIVATE SECTOR

The Government   on Friday said there was “near unanimity” among all stakeholders to raise the ceiling of payment on gratuity for   private ...

Jan 22, 2010

INDIA NEED A GOOD NOMINATION SYSTEM

Every person has absolute right over his property during his lifetime other than those tied up as joint family property or a trust property ...

INFLATION RATE MAY REACH TO 9% BY MARCH END

NEW DELHI : Even as food inflation eased marginally to 16.81 per cent for the week ended January 9 from 17.28 per cent in the previous week,...

Jan 21, 2010

THERE WILL BE NO UNIFORM HOME LOAN RATE CUT- BANKS

Driven by angry mortgage borrowers, RBI has once again nudged top banks to charge lower home loan rates to old customers instead of just   U...

Jan 20, 2010

THERE WILL BE FEWER CASES IN SCRUTINY OF INCOME TAX

Good news for all of you. If you’re worried about what questions your   income tax   officer will ask about your returns, you can relax a...

Jan 19, 2010

CHANGES IN DELHI VAT RATES w.e.f 13-01-2010

Delhi government changes the VAT rates from 13-01-2010 and cabinet nodded for this rile. now the VAT rates changed 4% to 5% on all the item...

Jan 18, 2010

CERTAIN ACTIVITIES NOT AMOUNTING TO MANUFACTURE-SERVICE TAX CIRCULAR

SERVICE TAX CIRCULAR Reference has been received from field formations stating that though certain activities including connectorising, tes...

INDIA AND FINLAND SIGNED REVISED DOUBLE TAXATION AVOIDANCE AGREEMENT(DTAA)

Revised Agreement and Protocol signed between the Republic of India and the Republic of Finland for the Avoidance of Double Taxation and the...