Others News

TDS at the Rate of 1 Percent Applied on the Value of Transfer of Immovable Property Exceeding Rs.50 Lakh

28 February 2013 at 13:28

The Finance Bill 2013-14 proposes levy of TDS at the rate of 1 percent on the value of the transfer of immovable property where the consideration exceeds Rs.50 lakh. However, agricultural land will be exempt. Presenting the Union Budget in the Lok S

Posted in Others | 6462 Views

Additional Deduction of Interest upto Rs.1 Lakh on Home Loan for First Home Buyer

28 February 2013 at 13:27

The Finance Bill 2013-14 proposes additional tax benefit to the first – home buyer who takes a loan for an amount not exceeding Rs.25 lakh. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram proposed

Posted in Others | 3 comments | 7608 Views

Relief for Taxpayers in the Bracket of Rs.2 Lakh to 5 Lakh Tax Credit of Rs.2000 to Every Person with Total Income upto 5 Lakh

28 February 2013 at 13:26

The Finance Bill 2013-14 proposes a relief of Rs.2000 to every person who has a total income upto Rs.5 lakh in a financial year. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram said that 1.80 crore taxpa

Posted in Others | 1 comments | 6981 Views

Surcharge of 10 Per Cent on Persons with Taxable Income Exceeding Rs.1 Crore

28 February 2013 at 13:25

The Finance Bill 2013-14 proposes a surcharge of 10 per cent on persons whose taxable income exceed Rs. 1 crore per year. This will apply to individuals, HUFs, firms and entities with similar tax status. Presenting the Union Budget in the Lok Sa

Posted in Others | 5382 Views

ICAI e-Journal (March 2013)

28 February 2013 at 10:17

ICAI e-Journal (March 2013)

Posted in Others | 7116 Views

ICAI-President's Message - March 2013

28 February 2013 at 10:17

It is my privilege as the 61st President of ICAI to formally welcome our accounting stakeholders that include our members, students and employees of the Institute.

Posted in Others | 4143 Views

Gross Tax Revenue in April-December 2012 Grows by 15% Over Corresponding of Previous Fiscal

27 February 2013 at 13:46

The Economic Survey 2012-13 presented by the Union Finance Minister, Shri P. Chidambaram in the Lok Sabha today states that the Gross Tax Revenue in April-December, 2012 has grown year-on-year by 15% to reach Rs. 6,83,345 crore. This was higher th

Posted in Others | 1 comments | 3108 Views

Summary of Economic Survey

27 February 2013 at 13:45

More than 6 Per Cent Growth Forecast for Next Fiscal Considerable Enhancement for Social Sector Spending India on Verge of Creating Quality Jobs to Seize ‘Demographic Dividend’ Indian economy is likely to grow between 6.1% to 6.7%

Posted in Others | 4602 Views

Highlights of Railway Budget 2013-14

26 February 2013 at 15:48

26 new passenger services, 8 DEMU services and 5 MEMU services to be introduced Frequency of 24 trains to be increased 72 additional services to be introduced

Posted in Others | 3 comments | 7980 Views

RBI releases Guidelines for Licensing of New Banks in the Private Sector

23 February 2013 at 13:54

The Reserve Bank of India today released on its website, the Guidelines for “Licensing of New Banks in the Private Sector”. Key features of the guidelines are: (i) Eligible Promoters: Entities / groups in the private sector, entities

Posted in Others | 10944 Views