Jan 31, 2013

Type of taxes which Americans pay

Taxation History: -  Taxes was firstly introduced in Ancient Egypt as the records we have showed that the pharaoh would collect taxes from...

Jan 29, 2013

Excel auto fill PAN application form 49A

Income tax department made some amendments in the new pan application form 49A and 49AA. The new PAN application must be filled with these...

RBI reduced CRR by 25 basis points

Reserve bank of India has reduced cash reserve ration CRR by 25 basis points in third quarterly review of monetary policy 2012-13. RBI/2...

Jan 28, 2013

How to download form 16/16A from tdscpc.gov.in

What is a TDS Certificate? TDS certificate is to be issued by each deductor who is deducting tax and furnished to the person from whose ...

Interest on saving account will be credited on monthly basis

Reserve bank of India will ask for the banks to give interest to saving account holder on monthly basis. Now the interest amount is credite...

Jan 26, 2013

TDS section 194H doesn't require principal-agent relationship

TDS under section 194H attracted so long as payment is in the nature of brokerage or commission; Section 194H does not require that relati...

Jan 24, 2013

Banks will soon offer home loan for 30 years

Reserve bank of India has suggested banks to offer the customers home loan for the repayment option for 30 years. This move is to save the...

Jan 22, 2013

No STD and free roaming in India from 1 March

Government is planning to make India roaming free from March 1 2013. If this happened as per promised, the telecom companies need to lower...

Direct tax benefits on export of computer software

Income tax department issued a circular no. 1 dated 17 January 2013 about direct tax benefits on export of computer softwares and issue rel...

Centralised processing of TDS scheme 2013

Income tax department issued a notification about centralised processing of statements of tax deduction at source scheme 2013. In this noti...

Jan 20, 2013

PPF NSC and Small Saving Scheme Cap Increase for Small Investor-Panel Report

A committee set up for looking small scale investor fund presents it's report to the finance minister. The report recommends to increas...

Jan 12, 2013

Excel based salary calculator , TDS on salary, Form, 12 BA and form 16 utility

TDS is deducted on the salary if the salary is more than the exemption limit. The employer deducts TDS on salary from the employee salary an...

Jan 11, 2013

Now portability is LPG Gas cylinders

After seeing the portability in mobile, Government of India announced a scheme which offers portability in LPG gas cylinders. LPG GAS ...

Jan 10, 2013

Time limit extended for filing ITR-V for AY 2010-11, AY 2011-12 and AY 2012-13

Income tax department has extended time limit for filing ITR-V form for the analysis year 2010-11, analysis year 2011-12 and the analysis y...

Ganesh housing corporation ltd. approved for industrial park u/s 80IA

Income tax department has issued a notification no. 1/2013 dated 8 January 2013 about approval for industrial park under section 80 IA of i...

Jan 8, 2013

Loan EMI and amortisation calander

This is the world of EMI(Equal monthly installments). Almost everyone need to pay the EMI for the loan taken for anything. The market is al...