| petrol up R5 a litre Posted: 14 May 2011 07:33 PM PDT 
In what will substantially increase commuting costs, state-owned oil companies on Saturday increased petrol prices by R5 per litre. Effective Saturday midnight, the hike in petrol prices is the steepest so far. The last revision was made in January, when the price was increased by R2.50 per litre. Petrol in Delhi will now cost R63.37 per litre compared to the previous R58.37 per... ...... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Check presumptive scheme 44AD, It may be beneficial to you !! Posted: 14 May 2011 07:31 PM PDT 
For resident taxpayers, there are only two sections providing for presumptive determination of income from business. They are Section 44AD meant for computing income at 8 per cent of the turnover and Section 44AE meant for persons engaged in the business of plying, hiring or leasing goods carriages. The Budget presented in July 2009 replaced Section 44AD to cover a wider... ...... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Exemption on EPF interest rate increased to 9.5% Posted: 14 May 2011 07:17 PM PDT 
EMPLOYEES' PROVIDENT FUND : 9.5% NOTIFIED AS RATE OF INTEREST UNDER RULE 6(B) OF PART A OF FOURTH SCHEDULE Rule 6(b) of Part A of Fourth Schedule to Income-tax Act, 1961 - Recognised Provident Fund - 9.5 per cent rate notified under rule 6(b) of part A of IVth Schedule - Supersession of Notification No. S.O. 2091(E), dated 26-8-2010 NOTIFICATION NO. 24/2011 [F.NO. 142/14/2010-SO... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| China proposes duties on Nathula Trades Posted: 14 May 2011 02:06 PM PDT 
GANGTOK, May 14 – The Indian traders have declined to participate in the trade since Thursday after Chinese authorities has stated its position to impose tax on Indian goods. The Chinese authorities at Nathula border gate did not clear their goods on May 4.It is alleged by Indian traders that Chinese authorities have refused to [...] China proposes duties on Nathula Trades is a post from:... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Colombia & India sign DTAA agreement ! Posted: 14 May 2011 12:50 PM PDT 
Chairman of CBDT and ambassador of Colombia , Mr Juan Alfredo Pinto signed an agreement Friday to prevent tax evasion, money laundering and other tax-related offenses.The Double Taxation Avoidance Agreement (DTAA) is aimed at facilitating bilateral economic cooperation and will help to deal with income tax evasion.Under the agreement, dividends, interest and royalties in the [...] Colombia &... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Can Insurance Agent or Chartered Accountant take benefit of Section 44AD? Posted: 13 May 2011 10:03 PM PDT 
The title of this blog post could easily be "How to differentiate between business and profession ?" . However, a different title is applied to suit Mr Anoop Bhatia , a readers of this blog who asks "Sec 44AD has been substituted wef A.Y. 2011-12 to include within its scope all such businesses (except) the [...] Can Insurance Agent or Chartered Accountant take benefit of Section 44AD? is a post... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
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