Jun 30, 2011

ATM WILL CHARGE MORE FROM TODAY

Using ATM of other bank will charge more from today, 1 july 2011 as the banks will charge minimum of 20 rupees per non financial transaction...

Jun 29, 2011

HOW TO BE SAFE FROM INCOME TAX SCRUTINY

Everybody has the fear of income tax scrutiny. The main reason is that the income tax return comes into the scrutiny by random search. So an...

RBI TAKES SOME STEPS TO RATION OVERSEAS DIRECT INVESTMENT EASY

Reserve Bank of India takes some steps to rationalize overseas direct investment. RBI issued a circular no 73 dated 29-06-2011 about the ove...

Jun 28, 2011

FOREIGNERS CAN ALSO INVEST IN DOMESTIC MUTUAL FUNDS NOW

In a step to increase liquidity and the money in domestic mutual fund market as well as in the share market, finance ministry takes the step...

Jun 27, 2011

FORM 16A IS MANDATORY FOR CORPORATES AND BANKS TO DOWNLOAD FROM TIN WEBSITE

Now one can download form 16a from tin.nsdl website. Even for corporates and for banks, its mandatory to download form 16a from tin website ...

Jun 26, 2011

PUBLIC PROVIDENT FUND CLARIFICATION ABOUT PAYMENT OF INTEREST IN HUF ACCOUNTS

Public provident fund in regard of Reserve Bank of India has made a clarification about payment of interest in HUF account. PPF HUF account ...

INDIA SIGN DTAA WITH SINGAPORE

India has signed DTAA Double taxation avoidance agreement with Singapore. Double tax aviod agreement is the deal between two countries by wh...

Jun 25, 2011

INCOME TAX NEW LAW FOR TRANSFERRING MONEY ABROAD

Income tax department has issued some new guidelines for transferring money outside india. The new law is constituted for stopping the black...

Jun 24, 2011

HOW TO DOWNLOAD FORM 16A FVU FREE

As you know the creation of Form 16a is free as well as it's mandatory for the banks as well as company for create the Form 16a from the...

Jun 23, 2011

INCOME TAX NOTIFICATION ABOUT NO RETURN BELOW 5 LAKH INCOME

As you know income tax department has notified that salaried person whose income below 5 lakhs need not to file income tax. Form 16 will be ...

HOW TO GET CUSTOM HOUSE AGENT LICENSE

Custom department has given a circular about custom house agent license. How to get the license and all about the formalities. Custom Depart...

Jun 22, 2011

EXCISE CLARIFICATION ON BRANDED READYMADE GARMENTS

Central excise department has issued clarification on the excise duty on readymade branded garments. In this annual budget finance minister ...

Jun 21, 2011

ADVANCE TAX CALCULATOR FOR FINANCIAL YEAR 2011-12

As you know the finance minister has changed somehow the income tax slabs for the financial year 2011-12 and the assessment year 2012-12. ...

Jun 20, 2011

SECTION 9 OF INCOME TAX ACT

Section 9 of income tax act relates to income deemed to arise or eared in India . Some income has confusion either this income arises or acc...

Jun 19, 2011

RUPAY CARD IS STARTING IN INDIA FROM TODAY 20-06-2011

Rupay card, the  Indian  invention to give competition to multinationals visa and mastercard, is  launching  in  India  on Monday, 20-6-2011...

LONG AND SHORT TERM CAPITAL GAINS

Basically, capital gains tax is applicable on sale of capital assets such as property, gold, shares, mutual fund (MF) units, bonds and deben...

Jun 18, 2011

ADVANCE TAX FIGURE JUMPS 77% FOR QUARTER 1

Advance tax figure rose to 77% for the quarter 1 of 2011 compare to the figure of quarter 1 of 2010. Advance tax figure for thye quarter 1 o...

Banks May Have Two Insurance Partners

Banks may have two insurance partners in the segment of life,non life or health insurance. To increase the number of insurance, government i...

SEBI ASKS PROMOTERS OF THE LISTED COMPANIES TO DEMATERIALISE SHARES

Stock and exchange board of India asks the promoters of the listed firms to convert their holding of the shares in demat form. Promoters of ...

Jun 17, 2011

INCOME TAX CHALLAN 280,281,282,283 EXCEL SOFTWARE DOWNLOAD

I have got some very good format excel based tax challan no. 280,281,282 and 283 which is very vital for filing the income tax as well as ...

Jun 16, 2011

HOW TO REGISTER THE TAN NUMBER

Registration of TAN number is going neccessary day by day. One can't see the details of tax deposited without TAN registration. Even now...

RBI INCREASES THE REPO RATE BY 25 BASIS POINTS

Reserve Bank of India has increased the repo rate by 25 basis points. RBI presenting the mid quarter monetary policy review on 16-06-2011 an...

Jun 15, 2011

BANGKOK DUBAI AND SINGAPORE RETURN TICKETS AT Rs. 10000

Good news for the person who wants to go abroad but have limited budget. Low cost airlines Indigo Airlines will start its international dest...

Jun 14, 2011

New RPU 2.5 for TDS/TCS Statement

Tin.nsdl has launched the latest new version of return preparation utility 2.5. This is the latest RPU 2.5 for preparation and correction o...

How To Set up E-TDS RPU 2.5 GUIDE

As you know tin.nsdl has launched a new RPU version 2.5 for preparation of e-tds/tcs statements regular and correction. But it's confusi...

Jun 13, 2011

Political Parties will be Assessed Under Charity Law by Income Tax

FACED with the challenge of curbing black money in electoral process, the Income Tax (I-T) department has now proposed assessment of the inc...

Destination Banks Will Also Get Commission on NEFT and RTGS

Reserve Bank of India has decided that the bank which receives RTGS and NEFT will also get compensated. In this regard RBI has issued a circ...

How To Open NRO Account With Banks

Reserve Bank of India has issued guidelines of opening NRO account to banks. In this guidelines RBI tells the banks about the documents as w...

Jun 12, 2011

New Tax Code to Bring Back Black Money

Indian Government is planning to implement a new tax code to bring back black money to India. There are so much protest about black money, s...

Jun 11, 2011

Export of River Sand to Maldives

Director General of foreign Trade department has issued a notification no. 55 dated 07-06-2011 about export of river sand to maldives. Full ...

Jun 10, 2011

Smart Card Manufacturing Exempts From Excise

Excise Department has exempted smart card manufacturing from central excise. Excise department has issued a circular regarding this exemptio...

Jun 8, 2011

Now Beer Bottle in Plastic to Save Environment

We often use plastic(PET) bottle of coke,pepsi or mineral water. Now beer would also come in PET bottle to save the environment. In first gl...

Jun 7, 2011

Income Tax Net Collection for April and May

Income tax department issued data for net collection of income tax of the first two months of the current financial year 2011-12. The direct...

Jun 3, 2011

HOW TO COMPLAINT OF LISTED COMPANIES TO SEBI

SEBI has started new system for tackle the investor complaints of listed companies. SEBI named it SCORES. Stock and Exchange Board of India ...

RBI ASKS PRIVATE SECTOR AND FOREIGN BANKS TO APPOINT INTERNAL VIGILANCE

After appointing internal vigilance to tackle and solve problems of fraud in banks, into the public sector banks. RBI on 2-6-2011 issue guid...

Financing of Self Help Group by Urban Co-Operative Banks

RBI under a circular no 556 dated 02-06-2011 allowed co-operative banks to finance self help group and joint liability group. Reserve Bank o...

Jun 2, 2011

SEBI Introduces Liquidity Enhancement Scheme for Equity Derivatives

Stock and Exchange Board of India has introduces liquidity enhancement scheme for illiquid equity derivatives. SEBI with a circular no. 5 da...

Credit Suisse AG and Sberbank Included in Second Schedule by RBI

Reserve Bank of India has included two new banks in the second schedule of RBI. The two new names are as under. 1- Credit Suisse A.G. 2- S...

India Sign DTAA with Mozambique

India has signed DTAA Double taxation avoidance agreement with Mozambique. Double tax aviod agreement is the deal between two countries by w...

Jun 1, 2011

Overseas Direct Investment Becomes More Easy

Due to increase trend of investment abroad, Reserve Bank of India makes some steps to make investment abroad more rationalize and liberalize...