Apr 30, 2013

Amendments in Finance bill 2013 passed in lok sabha

Finance bill 2013-14 has passed in Lok Sabha on Tuesday 30 April 2013 and there are some amendments in the rules of taxation. The new amendm...

Full amendment rules of finance bill 2013

Finance bill 2013-14 has passed in Lok Sabha on Tuesday 30 April 2013 and there are some amendments in the rules of taxation. The new amend...

Tax collection at source TCS on gold coins less than 10 gm

Finance bill 2013-14 has passed in Lok Sabha on Tuesday 30 April 2013 and there are some amendments in the rules of taxation.   TCS will be...

Custom extended time for reusing 4% CVD in DEPB

Custom department has extended time limit for reusing 4% CVD(SAD) amount in DEPB. Now one can reuse the CVD amount upto 30 September 2013. ...

Apr 28, 2013

LPG gas subsidy will come in bank account from Oct 1

Government wish to implement the much desired wish to implement direct cash subsidy from October 1, 2013 with giving subsidy direct to the...

Apr 25, 2013

One can avail both sec 54 and 54f deduction on investing one house

Section 54 and section 54F are independent provisions and assessee can claim exemption under both sections for investment in same house ...

NSDL new RPU 3.3 and FVU 3.7 released

Tin.nsdl has relased new tds/tcs software return preparation utility RPU 3.3 and file validation utility FVU 3.7 for preparing tds/tcs stat...

Apr 24, 2013

Latest file validation utility FVU version 3.7 for quarterly e-tds/tcs statements

Tin.nsdl has launched latest version of file validation utility FVU version 3.7 for preparing quarterly e-tds/tcs statements. Tin.nsdl has...

New Return preparation utility RPU version 3.3 for e-tds/tcs statement

Tin.nsdl has launched latest version of return preparation utility RPU version 3.3 for preparing e-tds/tcs statement. This RPU 3.3 is the l...

Apr 23, 2013

Online withdraw or transfer account in employees provident fund

Employees provident fund organization has given a big relief to the over 50 million provident fund account holder giving the online option t...

Apr 22, 2013

Form 16 part A must be downloaded with TRACES website after 1 April 2012

Income tax department has changed the rules of issuing form 16 and 16A. Department also changed the format of form 16 and 16a. There is a n...

Arm's length price for assessment year 2013-14

Income tax department issued a notification no. 30/2013 dated 15 April 2013 about determination of arm's length price for the assessmen...

Apr 17, 2013

RBI will introduce plastic notes soon

Reserve bank of India is planning for the plastic notes, a well ambitious work to do in India. In starting this is only on trial basis wit...

Apr 16, 2013

Service tax liability on erection of pandal or shamiana

Service tax department make clarification on service tax liability on erection of pandal or shamiana. Service tax department finds that ere...

Apr 15, 2013

Second layer of security on debit and credit cards from July 1

There are many fraud transactions with the credit cards. So for stopping the frauds, Reserve bank of India has taken a step to bring credi...

Custom impose anti dumping duty on plain gypsum plaster board

Custom department has imposed anti dumping duty on plain gypsum plaster board. Custom department has issued a notification no. 6/2013 dated...