ppf interest taxable

News

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

Revision of interest rates for Small Savings Schemes


F No 1 0412016 NS II Government of India Ministry of Finance Department of Economic Affairs Budget Division North Block New Delhi Dated December 30 2016 OFFICE MEMORANDUM Subject Revision of interest rates for Small Savings Schemes The undersigned is directed to refer to this Departments OM of even

Reduction in charges for IMPS and UPI transaction by banks


In order to further promote digital and card payments Department of Financial Services Ministry of Finance issues direction in public interest all Public Sector Banks PSBs not to charge fees for transactions settled on Immediate Payment Service IMPS and Unified Payments Interface UPI in excess of ra

Savings bank interest rate may be impacted post demonetisation says FM


FM India remains a bright point in global economy and BRICS in particular despite the slowdown in global economy in 2016 The Union Finance Minister Shri Arun Jaitley said that the current Financial Year 2016 17 is not a conventional year as many major reformative decisions have been taken during the

CBT recommends 8.65% interest on EPF for the year 2016-17


Shri Bandaru Dattatreya chaired the 215th meeting of the Central Board of Trustees EPF CBT recommends 8 65 interest on EPF to its subscribers for the year 2016 17 The Minister of State for Labour and Employment Independent Charge Shri Bandaru Dattatreya chaired the 215thmeeting of the Central Board

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Experts Opinions

Bima bachat taxable


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Payment of servicetax, interest and penalty


Dear Experts I have service tax payment due from the date of registration i e from the month of Oct 2015 till this date Every month it is about 40000 42000 every month It is an restaurant and to be paid 5 8 from Nov 15 and 6 from 01 06 2016 Pl let me know how to calculate interest per qtr on what ra

How do calculate interest on cc account in pnb


Hi Our company has cc account in pnb account We want to check that bank charged interest correct or not So how we can calculate interest on cc account balance on 30 11 16 67313612 our limit is 6 5 crore interest rate 11 85 no transaction from 1 12 16 to 31 12 16 On 31 12 16 debit amount 96600 and cr

Tds interest paid


My TDS interest liability was on both head i e Salary Non Salary but in mistake i made payment on Non salary head can i adjust the payment challan of interest with Salary head

Query about taxable value


hello sir if a small service provider whose turnover for previous year is below 10 lac has exceeded his turnover of rs 10 lac this current year on which amount the service tax is levied is he required to collect service tax on whole amount or the amount which is above 10 lacs thank you

Discussion

Compensation received by co op hsg society taxable or not

Respected Sir I am very thank full to all of you for helping me whenever required This time i have client who is senior citizen and 20 years ago He was lost his 13 years old son due to some fault of School Body and Society Body and He had claim for compensation at that time against both Session Cour

Interest on borrowed capital u/s 24 (loan for house)

Ms A is daughter of Mrs X Mrs X has a house property in her own name Ms A Mrs X has jointly taken a loan from bank for this house Mrs X is not a taxpayer Ms A is a salaried employee a teacher and during the year 2015 16 she has also earned some income u s 194J professional income Now my question is

Interest on delayed society sinking fund & annual fees

I reside in Co Operative Housing Society in Pune The due date decided during AGM to pay the dues by 25 05 2016 Though some members have delayed their payment The Managing Committee charged them Interest at certain percentage for full month though it was paid during month e g Payment received on 7th

Vat interest rate

What is the rate of up vat late interest penalty

Income from sericulture taxable ?

DOES INCOME GENERATED FROM SERICULTURE TAXABLE

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  • How to Memorize All Accounting Standards in a Fun Way

    Memory Technique which helps you to recall all the names of Accounting Standards in a very interesting and easy way
  • Online Information & Database Access or Retrieval Services

    Government has issued series of service tax notifications which have radically changed service tax implications on online information and database access or retrieval services OIDAR service Notification No 46 2016 ST Notification No 47 2016 ST Notification No 48 2016 ST Notification No 49 2016 ST and Circular No 202 12 2016 ST dated 9th Nov 2016 Applicable from 1st Dec 2016 I have attempted to provide an In depth analysis of these notifications Circulars to assist you in Impact analysis of the same At the outset I have following observations after going through the updated legal provisions Earlier Place of Provision was Location of Service Provider means if X Hong Kong provides its these services to Indian customer these services was not taxable in India as Location of Service Provider was Non Taxable Territory i e Hongkong Service Tax law applies on taxable territory But now w e f 1st December 2016 Place of provision of such service has been amended and provided as Location of Service Receiver means now it would be taxable in India Since it would be taxable in India This service has been provided under reverse charge i e service receiver has to pay full service tax on the same so where is the role of Y Indian representative of X if X Hongkong provides these services to an Indian customer If the Indian customer is a company or any other person other than Non Assessee Online Recipient e Government Local Authority Government authority or an Individual not registered with service tax department then that company or other person has to pay service tax on the same But if that Indian customer is Non Assessee Online Recipient i e Government Local Authority Government authority or an Individual not registered with service tax department then X HK is liable to pay service tax in India through its representative in India i e Y India This was one illustration further if X India provide any Online information and database access or retrieval services OIDAR service w e f 1st December 2016 outside India it would be tax free as now POPOS is Location of Service Receiver
  • Disclosure of Interest by directors

    Disclosure of interest
  • Interest calculation on Service Tax

    Interest calculation formula in excel
  • TDS Deduction & TDS Interest Calculator

    Calculator for calculation TDS Late Deduction Interest Late Deposit Interest

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Articles

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


Disclosure of Interest by the directors section 184 of the Companies Act 2013


Section 184 Disclosure of Interest by Director 1 Every director shall at the first meeting of the Board in which he participates as a director and thereafter at the first meeting of the Board in every financial year or whenever there is any change in the disclosures already made then at the first Bo


Transfer Pricing Adjustment - Interest free Credit Period and Notional Interest


Transfer Pricing Adjustment Interest free Credit Period as an International Transaction The treatment of extended credit period to Associated Enterprises AEs as an international transaction and making adjustment of notional interest on the same has always been bone of contention between the assessee


Supply - Taxable Event under Model GST Law - Inclusive and Subjective


With step by step progress towards Goods and Services Tax GST the Country is all set to witness the biggest indirect tax reform of unmatched importance in independent India GST would mark a paradigm shift in the indirect taxation of our Country and the concept of origin based taxation as practiced c


Taxable Person Under GST


Relevance of Taxable Person Taxable person is defined under section 9 of the model CGST SGST Act but before understanding who is a taxable person let us understand what is the relevance of taxable person The most important section of any statute is the charging section In the Model GST Laws section


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