Mar 31, 2013

What to do if one can't pay the home loan emi

Have his home is the biggest dream of the common man. Buying a property now days in not a child play. But financial institutes always read...

Mar 30, 2013

Income tax benefits for children

All income tax rules are not known by everyone as same as Mr. Gupta. When he submitted the proof of his investment in his office, he was s...

Mar 29, 2013

Income tax circular on application of profit split method

Income tax department issued a circular on application of profit split method for calculation of profits. Income tax department has issued ...

Income tax circular on identify development centres engaged in R&D

Income tax department issued a circular on conditions relevant to identify development centers engaged in contract R&D service with ins...

Mar 28, 2013

Revision of interest rates on PPF and SCSS scheme

Reserve bank of India has revised rate of interest on Public provident fund scheme and Senior citizens saving scheme 2004. The new rate of ...

Mar 22, 2013

Bank clearing operation on 29,30 and 31 March

Reserve bank of India has issued a note no 1674 about clearing operation on 29, 30 and 31 March 2013. Full note is as under. Clearing op...

Mar 21, 2013

All about cibil report- Check before apply for a loan

The government as well as banks is very strict now days for allowing a loan. Earlier people do some fraud in one bank and apply to another. ...

Income tax refund set off against tax payable

SECTION 245 OF THE INCOME-TAX ACT, 1961 - SET OFF OF REFUNDS AGAINST TAX REMAINING PAYABLE - DIRECTIONS OF HON'BLE DELHI HIGH COURT IN...

Mar 20, 2013

How to keep cash at bank for better interest

Keeping cash in hand is the necessity of every Indian as in case of any emergency or routine expenses. But the ratio of keeping cash in ha...

Mar 19, 2013

RBI cuts the bank rate and repo rate by 25 basis points

Reserve bank of India cuts the bank rate and  repo rate by 25 basis points. Rbi announced the mid term monetary policy on 19 March 2013 and...

Cricket IPL 2013 Schedule

Indian premier league (IPL) is starting again. This is the 6 th version of IPL in 2013. There are some changes too in this format as 1 team...

Mar 18, 2013

How to get interest on gold jewellery

We Indians are very fond of gold and jewellery as not only for investment but people wears a lot of gold jewellery. We have the highest qu...

Old cheques validity is extended to 31 July 2013

Reserve bank of India has extended the CTS-2010 migration of cheque book to 31 July 2013. Earlier it was extended to 31 March 2013. RBI has...

Mar 17, 2013

Income tax forms form 15G and 15H with auto fill facility

It is high time to give form 15G and 15H of income tax to the deductor of TDS on  your deposit. Form 15G and 15H are the declaration to th...

Finance Ministry clarification on tax residency certificate

Finance Ministry of India has given clarification on tax residency certificate. A press release has been issued dated 1 March 2013. Full pr...

Mar 16, 2013

New rule in pension scheme

There is a new rule for the new pension scheme subscribers. Now one can withdraw the lump sum money from the account while leaving the sec...

Income tax office will remain open on 30 and 31 March

The Financial Year 2012-13 closes on 31-3-2013. In view of holidays on 27th and 29th of March and thereafter, on 30th and 31st March, being ...

Mar 14, 2013

1% TDS on property over 50 lakh rule and issue

Finance bill 2013 has proposed that 1% withholding tax will be deducted on purchase of any immovable property (except agriculture land) wo...

Mar 13, 2013

How to save tax with change your pay structure

The budget of 2013 did not bring any good news for the tax payers. Everybody was hoping for increasing the threshold limit to pay income t...