ppf interest taxable

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Govt announces revised rates of interest on Small Savings leaves PPF untouched


The Union Government has announced revised rates of interest on Small Savings Schemes for the First Quarter of 2017 18 to bring them somewhat closer to market rates Small Savings schemes will continue to be attractive as some of them enjoy income tax benefits and additional interest rate spreads Rev

Inviting expression of interest from CA firms for Indian Railways project


ICAI Accounting Research Foundation ICAI ARF established by the Institute of Chartered Accountants of India in January 1999 as a Section 25 Company under the Companies Act 1956 now a Section 8 Company under the Companies Act 2013 for promoting research in the areas of accounting auditing capital mar

Proposal to provide for grant of interest in case of refund of excess payment of TDS


Finance Minister announces several anti graft and rationalisation measures in the field of Income tax Accountants or merchant bankers furnishing incorrect information to face penalty Income of the Chief Ministers Relief Fund and the Lieutenant Governors Relief Fund to be exempt from tax Concessional

Economic Survey advocates reforms to unleash economic dynamism and social justice


India needs an evolution in the underlying economic vision across the political spectrum and further reforms are not just a matter of overcoming vested interests that obstruct them This was stated in the Economic Survey 2016 17 presented in the Parliament today by the Union Finance Minister Shri Aru

Ministry of Finance denies any collaboration with the tainted UK based Note Printing Company


There have been reports in sections of media stating that the Union Government has compromised the national interest by collaborating with a tainted UK based Note Printing Company The said company had been supplying bank note paper till 2010 Further as per the decision taken in 2013 the company was

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Experts Opinions

withdrawal of ppf amount


how many time an assesse can withdraw ppf amount after maturity

Tds on interest paid by co operative societies


Sir Whether TDS is applicable on interest paid by co operative society Not co operative bank to its members Please give the related notification in this regard

Taxable allowances


I am working in a manufacturing private limited co our company has 2 salesmen we proved conveyance charges to salesmen to visit shops dealer retailers to supply our products my question is conveyance charges is exempted or taxable amount of conveyance charges is 9500 to 10000 per month kindly help m

Tds on interest paid by co operative society


Sir Kindly give reply immediately whether TDS applicable on interest paid by Co operative Society to its members Not Co operative Bank

M vat & cst payment if delayed , rate of interest ?


In Maharashtra if the payment of M Vat or CST is delayed how should be calculated the amount of interest liability on delayed payment of M Vat or CST

Discussion

Time period for giving mbp-1 after a change in interest

Dear all i read somewhere that whenevera change in interest occurs it has to be disclosed within 30days of such change through MBP 1 This means a person should not wait till the next board meeting after the change to give the MBP 1 for the change But the noting for the receipt of the MBP 1 will be d

Bank has reported excess interest in 26as

Hi all For AY 2017 18 Rs 210000 interest 194A has been reported in 26AS under part A1 Details of TDS for 15G 15H Whereas the assessee has a FD of rs 100000 only the interest as per interest certificate Rs 10000 When he approached the bank the bank says that the TAN no doesnt belong to them The asses

Interest calculation for e-filling after due date

Dear All Please provide me details on how to calculate interest for e filling after due date And what will be the interest rate under 234 A B C Income includes Salary House rent interest received in bank account TDS on salary is paid by company But other income tax is not paid When I calculate it s

Housing loan interest rate | how to get a housing loan

100 Loan Sanction Guarantee Apply 04433044488 Instant Approval Nationalized Bank We are Profession All Kind Of Loans Provider For Home Loan Housing Loan Self Construction Loan Flat Purchase Loan Resale Purchase Loan Land Purchase Construction Loan Balance Transfer Loan Exiting Loan TakeOver Loan Top

Sbc interest paid as service tax interest

Hi I had topay Interest on Delayed Payment of Service Tax SBC but while depositing the same both were deposited under head Interest on Service Tax Would I need to correct the same If yes How should I do it What should be the treatment of the same in Service Tax Return

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Articles

Audit of taxable person as per CGST Bill


Like existing provision of law every taxable person shall self assess the tax in the Goods and Service Tax regime also The tax departments dont have direct control over supply of goods or services The departments through audit conduct verification of accounts returns and other records related to pro


Casual Taxable Person And Non-Resident Taxable Person


A A casual taxable person is defined u s 2 20 of the GST Act as follows 20 casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business whether as principal agent or in any other capacity in a Sta


Waiver of interest charged u/s 201(1A)(i) of the Income Tax Act 1961


CBDT has issued guidelines for waiver of interest charged u s 201 1A i vide circular No 11 2017 dated 24 03 2017 According to this circular CBDT empower to Chief Commission of Income Tax and Director General of Income Tax may reduce or for waiver of interest charged u s 201 1A i of the Act in the fo


Some interesting facts about GST


Whether GST is new to India In the year 2000 the Vajpayee government started a discussion on GST by setting up an empowered committee headed by Asim Dasgupta the then Finance Minister of West Bengal In 2003 the Kelkar Task Force on Indirect tax had suggested a comprehensive Goods and Service Tax bas


Falling interest rates and the plight of senior citizens


Before the previous last RBI meet there was an increased expectation of rate cuts by RBI as a measure of providing impetus to the economy after demonstration That RBI maintaining status quo on repo rates at 6 25 is a negative thing for most people but senior citizens in India Citing increased liquid


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Updated on : 4/21/2017 2:51:12 AM


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