Jul 28, 2011

FORM 16A E TUTORIAL FOR DOWNLOAD ON TIN WEBSITE

Income tax department has issued complete procedure and e tutorila to download form 16A from tin.nsdl website. This tutorial is the complete...

START DOING BUSINESS IN INDIA IN LESS THAN 1 DAY

India will soon join an elite group of countries where starting a business will take less than a day. The Ministry of Corporate Affairs (MCA...

Jul 26, 2011

RBI HAS INCREASED REPO RATE BY 50 BASIS POINTS

Reserve bank of India has increased repo rate by 50 basis points to 8 percent from 7.5 percent with immediate effect. RBI  has also made cha...

MONETARY POLICY REVIEW FOR FIRST QUARTER OF 2011-12

Reserve Bank of India on 26-07-2011 presented annual monetary policy. In this policy RBI has increased repo rate by 50 basis points to 8 per...

Jul 25, 2011

DISHONOUR OR RETURN CHEQUE SHOULD ACCOMPANY WITH MANUAL SIGN IN CHEQUE MEMO

Reserve Bank of India issued a circular about the return cheque slip should be manually signed. Earlier it was the practice of banks that it...

Jul 22, 2011

INCOME TAX NEW RULE FOR UNNAMED BENAMI PROPERTY

As the government faces heat over corruption and black money, it is planning to bring a law to prevent the misuse of benami transactions, a ...

RUPEE HEDGING FOR NON RESIDENT

Purpose To hedge the currency risk arising out of genuine trade transactions involving exports from and imports to India,  invoiced in India...

Jul 20, 2011

CASHLESS INSURANCE IS BACK IN INDIA EXCEPT APPOLO

BARRINGthe Apollo group, cashless health cover services have been restored in all other corporate hospitals, after their managements agreed ...

CVD REFUNF OF 4% EXTENDED TO 15 SEPTEMBER

Custom department has circulars about refund of 4% cvd duty is extended to 15th of september. Custom department has issued a circular no 30 ...

EXTENSION OF FACILITY OF EXPORT WEARHOUSE AT TAJIRA

Excise department has extended the extension of export wear housing at tajira in alwar district of rajasthan state. Excise department issued...

Jul 16, 2011

PRESIDENT SPEECH ON INCOME TAX 150 YEAR

President Mrs. Pratiba Devi Patil give speech on completion of 150 years of income tax department. Full speech of Mrs. President is as under...

Jul 15, 2011

CUSTOM EXEMPT SOME GOODS FROM CUSTOM DUTY

Custom department exempts some goods from custom duty. Custom department notifies with a circular no. 60 dated 15-07-2011 about this exempti...

Jul 13, 2011

CREDIT CARDS WITH 1.99% INTEREST AND NO LIMIT

HDFC Bank, the second largest private bank in India, has launched Infinia Card, the competitor of American Express and Apex card. The main f...

Jul 12, 2011

MASTER CIRCULAR ABOUT COLLECTION OF DIRECT TAX BY BANKS

RBI issued a master circular about collection of direct taxes by banks. RBI tells different types of tax collected by banks which are as fol...

Jul 11, 2011

INCOME TAX DEPARTMENT IS FOCUSING ON TRANSACTIONS OF IMMOVABLE PROPERTIES

Income tax department is seriously focusing on the transactions of high value properties dealing. Sale and purchase of immovable properties ...

ANTI DUMPING DUTY CAN BE COLLECTED UPTO 5 YEARS FROM THE DATE OF IMPOSITION

Custom department give the clarification about anti dumping duty. Custom department said that anti dumping duty can be collected up to 5 yea...

Jul 10, 2011

FORM 16 IMPORTANCE AND GUIDE FOR FILING INCOME TAX RETURN

July is the month when the taxpayer needs to discharge obligation of filing annual income tax return. In case of the salary holder the way i...

Jul 8, 2011

CHECK TAX CREDIT IN 26AS BEFORE FILING THE IT RETURN

Taxpayers are advised to verify the tax credits available in 26AS statement before filing the Income Tax Return. It will facilitate faster p...

INCOME TAX COLLECTIONS FIGURE FOR THE FIRST QUARTER 2011

Income tax collections for the 1 quarter of 2011, that is april-june is increased by 23.91 % to 104136 crore rupees. These figure are of gro...

Jul 7, 2011

NEW MARUTI SWIFT WILL HIT THE ROAD NEXT MONTH

Maruti Suzuki, the largest car seller in India, has modified Swift model of Maruti Suzuki. The new model will hit the road in the next month...

Jul 6, 2011

ALL ABOUT SYSTEMATIC INVESTMENT PLAN

System investment plan is the way of investment in which the investor invest the money regularly which may be daily,weekly,monthly or quarte...

Jul 5, 2011

EXCISE CLARIFICATION ON EXCISE DUTY ON TEXTILE

Excise department has issued a clarification about excise duty on textile. There was a confusion about rate of excise duty on textile as the...

Jul 4, 2011

RBI TELLS POWER TO CEASE THE FORGED NOTES

Reserve Bank of India issued a master circular about the power to cease the forged notes. RBI issued a circular no. 78 dated 01-07-2011 abou...

DEPB Scheme will last for 3 more months

Duty entitlement pass book scheme will last for three more months upto 30-9-2011, the custom department issued a notification regarding this...

IMPORT OF HAZARDOUS WASTE

Custom department issued a notification about the import of hazardous waste. Custom department issued all the details regarding hazardous wa...

Jul 3, 2011

CREDIT CARDS IN INDIA

Reserve Bank of India issued master circular about credit card operation in india. It includes the eligibility to have a credit card,card li...

ALL ABOUT INTEREST RATES ON RUPEES DEPOSIT IN BANKS

Reserve Bank of India has issued a master circular about the interest rates on all types of deposit by the banks. In this circular RBI has c...