Sep 29, 2011

INDIA AND NEPAL REMITTANCE SYSTEM

RBI has issued a circular about india and nepal financial remittance system among the citizens. RBI also gives guidelines to increase the tr...

INCOME TAX IS PLANNING TO ADD 8 NEW TRANSACTIONS IN AIR RADAR

Indian government is feeling high pressure of black money of opposition as well as public. So income tax department added eight new informat...

Sep 28, 2011

INCOME TAX FILING OF E-RETURN BY LEGAL HEIR(LH)

This is regarding cases where the assessee has expired but a return has to be filed by LH using his DSC. Following process is suggested in a...

Sep 22, 2011

INSURANCE COMPANIES CAN'T DENY CLAIM FOR DELAY IN INTIMATION: IRDA

Insurance companies cannot deny the claim of the insurance policy holder on the fact that the policy holder delay in filling the claim as we...

Sep 20, 2011

RBI RAISE THE LIMIT OF GIFT TRANSFER BY NRI

Reserve Bank of India has raised the limit of gift transferred by non resisent of India to the resident of India. This is the good news for ...

Sep 19, 2011

SERVICE TAX NEGATIVE LIST

Recently service tax department has exempt paper industry from the service tax. So this is the seventh category of services which is exempt ...

Sep 16, 2011

E-FILING OF CENTRAL EXCISE RETURN IS MANDATORY FROM 01-10-2011

E-filing of central excise return is going to be mandatory from 01-October 2011. Central excise department issued a circular regarding this....

RBI HAS INCREASED REPO RAE BY 25 BASIS POINT

Reserve Bank of India has increased the repo rate by 25 basis point to 8.25%. RBI has announced mid quarter monetary policy on 16 September ...

Sep 13, 2011

Voluntary Payment of Custom Duty Before Final Assessment

Custom department has issued a clarification cum circular no 40 dated 09-09-2011. In this circular custom department gives clarification abo...

Sep 9, 2011

DUE DATE FOR FILLING ITR-V IS EXTENDED TO 31-10-2011

Income tax department has extended the last date of e-filing of income tax return ITR-V to 31-10-2011 or the 120 days from the date of uploa...

Sep 7, 2011

PREPAYMENT PENALTY IS NO MORE ON FLOATING HOME LOAN AND AUTO LOAN

Banks, like the old time seth, always try to give pain financially to the customers.The pain is big when some body want to borrow the money ...

Sep 5, 2011

Custom Has Introduced Self Assessment in Import And Export

Custom department has introduced self assessment of the value of goods in import and export. Custom department has issued a notification re...

Sep 4, 2011

EARLY FILING OF INCOME TAX MORE PAIN LESS GAIN

Filing of income tax return before the time or in another words as soon as financial year ends is very good in assesse point of view, but ea...