Sep 23, 2016

FAQs on Overview of Goods ans Service Tax GST

Q 1. What is Goods and Service Tax (GST)?  Ans. It is a destination based tax on consumption of goods and services. It is proposed to be...

Income Tax Department Raids Roadside Eateries to make IDS Sucessful

The CBDT had notified Income Declaration Scheme ('IDS') with effect from June 1, 2016. The last date to file declaration under IDS...

Sep 22, 2016

Paperless Account Opening Introduced by Kotak Mahindra Bank

Kotak Mahindra Bank has launched ‘Kotak Now’ – a paperless digital account opening process on mobile. ‘Kotak Now’ is an end-to-end digital...

Sep 21, 2016

CBDT will Issue Certificates of Appreciation to Taxpayers for their Contribution

The Government acknowledges the contribution of individual tax payers in paying taxes within  the prescribed time and prompt filing of Inc...

CBDT Clarification on Unconfirmed Reports on Income Declaration Scheme 2016

Certain sections of the press have been speculating on the taxpayer response to the currently on-going Income Disclosure Scheme 2016 over ...

Sep 20, 2016

Banks no Longer can Issue Megnatic Strip based Debit Cards

Reserve bank of India denied to give extension to banks for coverting megnatic strip based debit cards to chip based debit cards. So banks...

FAQs on Direct Tax Dispute Resolution Scheme 2016

The Direct Tax Dispute Resolution Scheme, 2016 (hereinafter referred to as ‘the Scheme’) incorporated as Chapter X of the Finance Act, 201...

Sep 19, 2016

Latest e-TDS FVU version 5.2 and 2.148 Applicable from 17-09-2016

Tin.nsdl has launched latest file validation utility version 5.2 and fvu.exe version 2.148 for preparaing e-tds return software. These FVU...

Latest RPU version 1.7 for e-TDS/TCS Regular and Correction Statements

Tin.nsdl presents new return preparation utility RPU version 1.7 in java platform which is usable online or offline mode. This RPU version...

Sep 17, 2016

Excel 7th Pay Scale Commission Calculator

Recently Seventh pay commission submitted their report to Finance Minister on Thursday, 19 November 2015. The seventh pay commission will ...