Dec 30, 2011

Service tax department has extended the last date o submitting half yearly return to 6-1-2012

Service tax department has extended the last date of submitting half yearly return of the period april to september 2011 from 26 December 20...

Handling of cargo in custom areas regulation 2009

Custom department has issued a circular no. 54 dated 29 december 2011 about handling of cargo in custom areas regulation 2009. Full circular...

Dec 28, 2011

How TAN account is verified at tin.nsdl

 Tax Information Network (TIN) has always been providing various facilities to deductors. One such facility provided under TIN is authentic...

Dec 27, 2011

RBI has removed the cap in mobile banking in India

Reserve bank of India has removed the maximum limit cap of maximum limit per customer per day for the mobile banking. In India the mobile ba...

Dec 26, 2011

Change in KYC norms by RBI

Reserve bank of India has amend some rules in KYC norms. KYC norms are know your customers which includes verifying the documents with the r...

Dec 25, 2011

Changes in e-furnishing form 15CA

Tin.nsdl has changed some guidelines for e-furnishing form 15CA. There are some changes in the form 15CA with which e-furnishing of the form...

Dec 19, 2011

Procedure of service tax refund to exporters through Indian custom

Service tax department has changed the procedure of taking refund to exporters through Indian custom EDI system(ICES). The department has is...

Dec 18, 2011

Service tax clarification on tax on distributors of films & exhibitors of movie

Service tax department has made a clarification about service tax on distributors and sub-distributors of films and exhibitors of movie. Ser...

Dec 9, 2011

Assessment of Hindu Undivided Family HUF

H.U.F will be assessed if the following two conditions are satisfied which are as under. There is a joint family property producing taxable ...

Dec 8, 2011

What is cost index in case of gifted property

All of us know capital gains tax and cost index more or less. But one need to know in more depth to take the benefits of tax saving in this ...

Dec 7, 2011

ALL ABOUT INCOME FROM HOUSE PROPERTY

When some person files income tax return, he needs to give the details of income in five heads. These five heads are as under. - Income fr...

Dec 5, 2011

Public Provident Fund Increases rate of interest and limit

Public provident fund PPF scheme increases rate of interest as well as the PPF limit amount. Earlier PPF limit was 70000 rupees which is inc...

Dec 4, 2011

FICCI Suggests 30% income tax slab on income above 12 lakhs

FICCI (Federation of India chamber of commerce institute) has suggested the Indian government to raise the income tax limit to 12 lakhs for ...

Dec 2, 2011

SECTION 69D OF INCOME TAX ABOUT HUNDI TRANSACTION

Section 69D of income tax of India is about amount borrowed or repaid on Hundi. From the assessment year 1977-78 and onwards any borrowing o...