Mar 31, 2014

How RTI can help to choose where to invest

  The Right to Information ( RTI) Act was implemented in India nine years ago. The Bill was introduced in 2004’ s winter session of Parlia...

Mar 30, 2014

PF trusts need to file e-return: EPFO

Retirement living fund body EPFO has managed to get mandatory for non-public provident fund trusts to file their returns online every mont...

IT amendments can't be ignored with DTAA treaty

The scope and effect of the legislation cannot be curtailed by the DTAA, if after it comes into force an Act of Parliament is passed which...

Mar 29, 2014

IT department issue an important notice to non-filers of IT return

Income tax department issued an important notice for non-filers of income tax return through website incometaxindisefiling.gov.in. Full no...

Inflation bond investment limit doubled to Rs. 10 Lakh

The   Reserve Bank of India (RBI) features said the investment limit from the inflation indexed bonds for people has been doubled to Rs 10...

Mar 28, 2014

CBDT will simplify e-filing norms

E-filing of Tax returns will end up being further simplified by the Central Board of Direct Taxes (CBDT) which said it can be encouraged b...

Mar 27, 2014

Book closure date for financial year 2013-14 is April 15 2014

Government of India decided that the book closure date for financial year 2013-14 is April 15 2014. Reserve bank of India issued a note da...

CBDT new guidelines for approval of agriculture project u/s 35CCC

In exercise of the powers conferred by section 295 read with section 35CCC of the Income-tax Act, 1961 (43 of 1961), the Central Board of ...

Mar 26, 2014

Special counters at banks will remain open till 8pm on 29 and 31 March 2014

Reserve bank of India guides banks to arrange a special counter for taxpayers and remain open it till 8Pm on 29 and 31 March 2014.   W...

Income tax office remain open on 29, 30 and 31 March 2014

Income tax offices will remain open on 29, 30 and 31 March 2014 for the financial year 2013-14 closing on 31 March 2014. Income tax depart...

India UK DTAA new interplay

 Where special provision 'sends subject back to general provision', it is the general provision that applies • The well-settle...

Mar 4, 2014

Do and Don't list for pre 2005 notes

 DOs 1. Banks should sensitize the members of public that the pre-2005 notes would continue to be legal tender. Banks should endeavour ...