Apr 30, 2017

How Pertrol Pumps Do Cheat in Front of Your Eyes

A series of raids by Uttar Pradesh Special Task Force (STF) in Lucknow yesterday have revealed how petrol pumps are cheating consumers.  ...

Banks Can't Deny to Accept Faded or Written Notes-RBI

The RBI has said banks cannot refuse to accept faded notes or those with scribbles. The central bank said such banknotes had to be treated...

Apr 29, 2017

CBDT Signed 2 More Unilateral Advance Pricing Agreement

The Central Board of Direct Taxes (CBDT) entered into two Unilateral Advance Pricing Agreements (APAs) on 27th April, 2017, with Indian ta...

Apr 28, 2017

Doctor Certificate is Must for EPF Withdrawl for Medical Treatment

In exercise of the powers conferred by section 5 read with sub-section (1) of section 7 of Employees’ Provident Funds and Miscellaneous ...

Apr 27, 2017

All About Composition Scheme in GST

The Biggest Indirect tax reform of Independent India is on its way to implementation. Key steps of Constitution amendment and formation of...

Apr 26, 2017

Lease Rent in Industrial Park with Amenities to be Treated as Business Income

CBDT has issued circular no. 16/2017 dated 25 April 2017 about Lease rent from letting out buildings/developed space along with other amen...

Due Date of Filing Service Tax Return is Extended to 30 April 2017

CBEC has issued an order no. 1/2017 dated 25 April 2017 about extension of due date of filing service tax return. Full order is as under. ...

Apr 24, 2017

5 Points You Must Know Before Taking a Personal Loan

Taking a personal loan nowadays is just a click away. It can come handy during the times of need – be it a medical emergency, child educat...

Apr 23, 2017

ITR-7 Income Tax Form for FY 2017-18

CBDT has issued ITR-7 form for the financial year 2017-18. Earlier the department issued income tax return form ITR1(Sahaj), ITR2, ITR 3, ...

Apr 22, 2017

Rate of Interest on Employee Provident Fund is 8.65% for 2016-17

Labour Minister Bandaru Dattatreya today said that the Finance Ministry has approved 8.65 per cent interest rate on EPF for 2016-17. T...

CBDT further Extended Last Date of Filing Declaration Under PMGKY Upto 10 May

The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 (PMGKY) had commenced on 17th December, 2016 and was open ...

Apr 21, 2017

Amenities and Perquisites Paid to Employee in GST

The final draft of GST laws has been tabled in the Lok Sabha for discussion on 28.03.2017. It is quite certain that the revolutionary taxa...

Last Date of Deposit Under PMGKY is Extended to 30 April

In exercise of the powers conferred by clause (c) of section 199B of the Finance Act, 2016 (28 of 2016) (hereinafter referred to as the Ac...

Apr 18, 2017

CBDT Clarification on Income Tax Laibility of NRI Holding NRE Account with Indian Bank

CBDT issued circular no. 13/2017 dated 11 April 2017 regarding clarification on liability to income-tax in India for a non-resident seafar...

Apr 15, 2017

Changes in ITR Forms AY 2017-18 Which May Impact You

At the onset of the new financial year, the Central Board of Direct tax has notified the income tax forms applicable for Financial Year 20...