Nov 29, 2013

Excel calculator to show why loan against property is cheaper than personal loan

Almost everyone may find himself in financial problem someday even if he is a big saver of the money. There is sometimes which one needs t...

Nov 28, 2013

E-payment mandatory for excise or service tax of Rs. 1 lakh or above

Any payment of excise duty or service tax of Rs. 1 lakh or above will now to be paid electronically. This new rule is applicable from 1 Ja...

Nov 27, 2013

Issue raised and clarification on service tax VCES scheme

Service tax department started  Voluntary Compliance Encouragement Scheme (VCES) scheme on 10 May 2013. There are many issue and question ...

Central excise amendment in valuation rules 8, 9 and 10

Central excise department made amendment in rule 8, 9 and 10 in central excise valuation rules. Central excise department issued a circula...

Amendment in central excise valuation rules 2013

Central excise department made amendment in central excise valuation rules which is called central excise valuation rules 2013. These rule...

Nov 26, 2013

All new debit and credit card will have additional biometric validation for transaction

Reserve bank of India advised banks to put additional security feature for all debit and credit card transaction which is biometric valida...

No royalty from sale of software under DTAA agreement

No ‘royalty’ from sale of software, HC ignores amended Sec. 9 as DTAA more beneficial; Samsung’s case distinguished     The Delhi Hi...

Nov 23, 2013

Excise cenvat credit is allowable even if supplier had not paid the duty

Cenvat credit was allowable to assessee even if supplier hadn’t discharged its duty     Requirement of taking "reasonable steps...

Nov 20, 2013

Services permitted in Special Economic Zone SEZ list

Ministry of Commerce approved two more services in the approved services in Special Economic Zone SEZ. Theses services are as under. (...

Nov 19, 2013

Income tax clarification about section 144C

Income tax department issued a circular no. 9/2013 dated 19 November 2013 about clarification in respect of circular no. 5/2010 dated 3 Ju...

Nov 18, 2013

Payment made to one advertising agency to another attracts TDS u/s 194C

Sum paid by one advertising agency to another akin to payment to a sub-contractor; sec. 194C attracted     Payment made by one adve...