Jul 31, 2012

Due date for filing income tax return is extended to 31 August

Income tax department has extended the due date for filing income tax return for individual and H.U.F. Earlier the due date is 31 July whic...

Relaxation from compulsory e-filing of return for assessment year 2012-13

Income tax department has made some relaxation in the rules of income tax. The relaxation comes with the e-filing of income tax return for ...

Monetary policy of first quarter of 2012-13

Reserve bank of India has issued monetary policy for the first quarter of 2012-13. In this policy, RBI hasn't changed any interest rate ...

Jul 30, 2012

Interest accrued but not due is not taxable in income tax

Facts • The respondent-bank incorporated in and tax resident of Cyprus was, at the relevant time, registered in India with SEBI as an ap...

Jul 29, 2012

Service tax on staff benefits and employment related transactions

Service tax on manpower is not on negative list of the service tax but there is always confusion about some services in which service tax i...

How to make application to public issue of debt securities

1.  Regulation 10 of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008 (the "SEBI Debt Regulations") provides th...