Nov 27, 2014

Modified DBTL scheme for LPG Gas cylinders

 The DBTL scheme was earlier launched on 1st June 2013 and finally covered 291 districts. It required the consumer to mandatorily have an ...

RBI make more easy to take loans for low cost home

Reserve bank of India make more easy to take home loans for low cost home as allowed banks to extend loans against long term infrastructur...

Nov 24, 2014

RBI put some conditions only with banks charge minimum balance charges

Reserve bank of India put some conditions on banks with only banks can charge minimum balance penalty on non maintenance of minimum balanc...

Banks will charge more for using ATM from December

Banks will charge more for ATM withdrawal or checking your balance at ATMs from 1 December 2014. The free limit is limited to 5 in own ban...

Nov 21, 2014

TDS statement filed for Q1 but not filed Q2 FY 2014-15-TRACES

As per the records of the Centralized Processing Cell (TDS), you have filed TDS Statements for Q1, FY 2014-15, however, no TDS Statements ...

Nov 20, 2014

Now you can deposit and withdraw money from same ATM machine

AXIS Bank announced launch of smart terminal which can be used both to deposit and withdrawal of money like ATM. This smart terminal is se...

Reasons why you should not invest in Kisan Vikas Patra KVP

Finance Minister Mr. Arun Jaitley re launched Kisan Vikas Patra after the discontinue it earlier. Kisan Vikas Patra gives annualized retur...

Nov 19, 2014

Features of latest relaunch of Kisan Vikas Patra

Government of India has relaunched Kisan  Vikas Patra which is the small saving scheme which was discontinued earlier hoping to lure inves...

Custom duty drawback rates for all industries effective from 22 November 2014

Custom department revised all industries custom drawback duty rates. These rates are effective from 22 November 2014. Custom department is...

Central excise clarification about availment of CENVAT credit after 6 monts

Central excise department issued a clarification regarding availment of CENVAT credit after 6 months with a circular no. 990/14/2014 dated...

Nov 18, 2014

5 Reasons why credit card in better than cash

Credit cards concept is still mystery for Indians and many of us hate credit cards. People think it can lead to a trouble with cyber fraud...

Income tax clarification on making an application to Commission

The Income tax department issued a clarification on circular no. 3 dated 12-03-2008 about making an application to Commission. Income tax ...

Nov 17, 2014

Consumers need to buy LPG gas cylinders at market price from 1 January 2015

All consumers will have to buy cooking gas at market rates from New Year's Day as the government has issued firm instructions that the...

Bank FDR limit u/s 80C has increased to 150000

CBDT has increased the bank fixed deposit limit from 1 Lakh ruppes to 1.5 Lakh rupees for the exemption u/s 80C. This is called Bank term...

Mismatch of BIN reported in TDS statements for govt employees

Centralized Processing Cell (TDS) has observed substantial cases of mismatch in Book Identification Number (BIN) in Quarterly TDS Statemen...

Nov 7, 2014

RBI advised banks to send SMS to payer when cheque received for clearing

The Reserve bank of India issued some advise to banks for cheque related fraud cases and preventive measures. Full preventive measures are...

Nov 1, 2014

9 Crores can lift out of poverty with a nominal tax on super rich

As many as nine crore people would be out from the state of abject poverty in next 5 years if India could stop inequality from rising and ...