Community & General News
Gold Monetisation Scheme liberalized to make it more attractive
02 April 2016 at 11:26Gold Monetisation Scheme Liberalized to make it more attractive for potential depositors. Government had launched the Gold Monetisation Scheme (GMS) on 5th November, 2015. Thereafter a number of modifications have been made in the scheme to facilita
Banking hours open till midnight on 31st March
31 March 2016 at 10:57In view of closing of the current financial year and to facilitate the tax-payers in payment of taxes, the Reserve Bank of India has issued instructions vide notification RBI/2015-16/342 dated March 17, 2016 directing all agency banks to keep the cou
MCA notifies CARO 2016
31 March 2016 at 10:57MCA notifies CARO 2016PFA the attachment for details
Central Govt. cuts PPF interest rate to 8.10% from 8.7%
20 March 2016 at 11:56Interest Rates on various Small Savings Schemes for the 1st Quarter of 2016-17 notified;. Additional Interest Rate spreads which the Government allows on Small Savings Schemes like PPF, Senior Citizen Savings Scheme, Sukanya Samridhi Scheme and NSC e
Real estate bill becomes a reality
16 March 2016 at 11:15Lok Sabha clears Real Estate Bill as passed by Rajya Sabha Shri Venkaiah Naidu clarifies various issues of the Bill Real Estate Bill is Prime Minister’s Gift to the Nation, says Shri NaiduThe Bill shall have a bearing on the ongoing projects an
No change in the existing tax treatment of PPF after budget
01 March 2016 at 17:17Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS) There seems to be some amount of lack of understanding about the changes made in the General Budget 2016-17 in the tax treatment
Budget Highlights Indirect taxes
01 March 2016 at 11:48Amendments made effective immediately� The Clean Energy cess is to be renamed as Clean Environment cess. The effective rate of Clean Energy cess proposed to be increased from Rs.200 per tonne to Rs.400 per tonne .� Infrastructure cess is to
Significant changes in International Taxation after Budget
01 March 2016 at 11:48Significant Budget Highlights 2016-17- International Taxation 1. Increase in Surcharge Surcharge is increased from 12% to 15% in case of non-resident individuals
ICAI reacts to Budget 2016
01 March 2016 at 10:23ICAI Reaction: Union Budget 2016-17 Small Taxpayers Reducing income-tax burden by Rs.3,000 for small tax payers by increasing rebate under section 87A; Increasing deduction for rent payment under section 80GG to Rs. 60,000/-; Introducing
Tax Proposals aims at Boosting Economic Growth and Employment Generation
29 February 2016 at 15:26The Union Finance Minister Shri Arun Jaitley announcing the tax proposals in the Union Budget today said boosting employment generation through economic growth is a main objective behind these proposals.
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