May 27, 2013

No TDS on brokerage paid by agent to sub-broker for dealing on securities

Sub-brokerage paid by an agent to sub-agents for services rendered in connection with securities/mutual funds is outside the purview of se...

May 22, 2013

Provision for free transport to employees is not a service

Provision of free transport facility provided to employees for business purposes cannot be regarded as 'service' because work done...

May 20, 2013

Things to consider before taking a home loan

Many of us dreams for buying a home today. Properties prices are neutral or down as well as the rate of interest on home loan. But there a...

May 17, 2013

Prepayment charges can be set off against any other income

Taxpayers get a big relief with a decision of Mumbai bench of the income tax Appellate Tribunal. This decision is about the prepayment pen...

May 16, 2013

Mandatory e-filing of return for income above 5 lakh AY 2013-14

Income tax department issued a notification no. 34/2013 about e-filing of income tax return is mandatory for the person whose income is abo...

Service tax voluntary compliance encouragement scheme VCES 2013

Service tax department started new scheme which is Voluntary Compliance Encouragement scheme( VCES). This scheme is for those service provi...

May 15, 2013

EPF interest rate 8.5 percent approved for 2012-13

Finance Ministry of India has approved rate interest of 8.5% for 2012-13 for EPFO subscribers which are up by .25 percent, which was 8.25 ...

ITR-4S SUGAM form in excel for AY 2013-14 free download

Income tax department has issued income tax return form ITR for the assessment year 2013-14. Earlier these forms are available in pdf form...

e-filing of audit report mandatory u/s 44AB AY 2013-14

Where an assessee is required to furnish a report of audit under section 44AB, 92E or 115JB of the income tax act, he shall furnish the aud...

May 14, 2013

ITR-1 SAHAJ form for assessment year 2013-14 in excel

Income tax department issued income tax return forms (ITR) for the assessment year 2013-14. Earlier these ITR-1. ITR-2. ITR-3, ITR-4, ITR...

RBI told banks to stop writing on currency notes

Reserve Bank of India has issued a note on clean note policy and urge the banks not to write anything on currency notes. This is an another...

Custom classifies Tablet computer

Custom department made classification on the machinery imported under the name of tablet computer. Custom department issued a circular no. ...

May 13, 2013

5 things one must know about PPF account

There are some points which everybody should know about public provident fund(PPF). 1-    If somebody has the ppf account which is forg...

May 12, 2013

No cheque return charges if customer is not at fault

Reserve bank of India gives a important point stating that if there is no fault of the customer, bank can't levy charges of cheque retu...

May 10, 2013

Revised rates for acceptance of e-TDS, Form 24G and AIR

Tin.nsdl has revised rates for acceptance of e-TDS/TCS, Form 24G statements and AIR at TIN facilitation centres TIN-FCs . These rates are e...

Custom classifies blood filters disposable sterilized dialyzer and microbarrier

Custom department classifies blood filters disposable sterilized dialyzer and microbarrier. These filters are used in filtering blood in dia...

May 8, 2013

New income tax forms ITR1, ITR2, ITR3, ITR4, Sugam for AY 2013-14

Income tax department has issued new income tax forms for the assessment year 2013-14. These income tax forms are used for filing income t...

New RPU 3.4 and FVU 3.71 TDS return software free download

Tin.nsdl has launched latest rpu and fvu e-tds softwares. RPU version 3.4 and FVU version 3.71 are latest e-tds software. RPU and FVU use t...

May 7, 2013

Download latest file validation utility FVU 3.71 e-tds software

Tin.nsdl has launched latest file validation utility software version 3.71 for preparing e-tds/tcs quarterly statements. This is the lates...

Download Latest return preparation utility RPU 3.4 for e-tds statements

Tin.nsdl has launched latest return preparation utility version 3.4 for e-tds/tcs statements. This rpu 3.4 is the latest version of TDS so...

Custom imposes anti dumping duty on Phenol

Custom department has imposed anti-dumping duty on phenol. Anti-dumping duty is the tool with which the importers of specified goods need t...