| Applying for Home loan ? ,Note These Facts Posted: 25 May 2011 07:29 PM PDT 
Sameer Tiwari, a Pune based mechanical engineer, thought he had made a "prudent decision" by opting for a fixed rate EMI when he took his home loan five years ago from a reputed national bank. Three years after the date of disbursement, Sameer received a letter, which said it was time for renewal of his loan and that the interest on his fixed home loan had been increased by 0.5 per cent. Though... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Eight Simple Ways to Plan your Taxes(salaried Employees) Posted: 24 May 2011 08:45 PM PDT 
You have got only a few more months to complete this financial year. Very soon you will get a call from your company to submit the proofs for tax saving investments. So why don't you spend some time on organising your tax plan? 1)Proper Allocation of Annual compensation Restructuring your salary with some additional components can reduce your tax liability. This restructuring doesn't require... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| No Return up to 5 Lakh Salary :Finance Minister Posted: 24 May 2011 08:31 PM PDT 
Finance Minister Inaugurates the 27th Annual Conference of Chief Commissioners and Directors General of Income Tax;Asks Department to prepare itself for Transition from the Income Tax Act 1961 to the Direct Tax Code Bill Regime; Calls it Officers to Strive Hard to Achieve Tax Collection Target of Rs.5.33 Lakh Crores for 2011-12 The Union Finance Minister Shri Pranab Mukherjee said that... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| How To Download 16A in PDF Format from Tin-NSDL Posted: 23 May 2011 09:55 AM PDT 
As Informed to you that from 01.04.2011, TDS certificate Form 16A is mandatory to be downloaded from TIN-NSDL website by all company and bank deductors. So every body is interested in How to download Form 16A from TIn-nsdl website. Step wise detail is given hereunder. Register your TAN at tin-nsdl website(detailed procedure is given here) Login at "Tan Login " in Tin -nsdl website After Login... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| E filing excel software free ITR-1,ITR-2,ITR-3,ITR-4,ITR-5,ITR-6 Ay 2011-12 Posted: 22 May 2011 09:16 AM PDT 
Free Return preparation software is Now available for ITR-1,ITR-2,ITR-3,ITR-4,ITR-5,ITR-6 by Income tax department. These RPU are excel based and free for download and Unlimited use. As these software are provided by Income tax department ,so it authentic software . From these e filing software you can generate Income Tax return for financial year 10-11( Assessment year... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Retail investors may get unused staff quota in IPOs Posted: 21 May 2011 07:58 PM PDT 
Market regulator Securities and Exchange Board of India (SEBI) is considering allowing companies to allocate the unused quota in public offers exclusively to retail investors. The move is expected to further increase retail participation in government offers where the employee quota is usually undersubscribed while retail is oversold because of good pricing. "A proposal is under... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Just pay 2667 Pm Tax -Business sale up to 60 Lakh-Section 44AD(profit 8% of sale) Posted: 21 May 2011 12:03 AM PDT 
The existing provisions of the Income-tax Act provide for taxation of income on presumptive basis in the case of following businessconstruction business,(Section 44AD) income from goods carriages (Section 44AE) and business of retail trade.(Section 44AF) Section 44AD prescribes a method of presumptive taxation for assessee engaged in the business of civil construction... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Retail investor can apply IPO at Discounted prices-SEBI Posted: 19 May 2011 07:32 PM PDT 
In another move to make the IPO process more convenient and simple for retail investors, the Securities and Exchange Board of India (SEBI) through a May 16 circular said that it has decided to allow investors to apply for discounted prices. This means that if a company comes out with its public issue and offers it to retail investors a discount, then retail investors can apply for it at the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| PROVISIONING ON NPAS and RESTRUCTURED ADVANCES REVISED Posted: 19 May 2011 09:02 AM PDT 
RATES OF PROVISIONING FOR NPAS AND RESTRUCTURED ADVANCES REVISED Enhancement of Rates of Provisioning for Non-Performing Assets and Restructured Advances CIRCULAR NO. DBOD.NO.BP.BC. 94 /21.04.048/2011-12, DATED 18-5-2011 Please refer to paragraph 110 of the Monetary Policy Statement for the year 2011-12 (extract enclosed) wherein it was proposed to enhance the provisioning requirements... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| OPTION TO HOLD UNITS IN DEMAT FORM Posted: 19 May 2011 08:55 AM PDT 
INSTRUCTIONS REGARDING OPTION TO HOLD UNITS IN DEMAT FORMOption to hold units in demat formCIRCULAR NO. IMD/DF/9/2011, DATED 19-5-2011 1. In terms of SEBI Circular CIR/IMD/DF/10/2010, dated August 18, 2010, on transferability of Mutual Fund units, all AMCs were advised to clarify by way of an addendum that units of all Mutual Fund schemes held in demat form shall be fully transferable. It has... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Speak Asia A Ponzi ? Govt, police starts Probe Posted: 18 May 2011 07:45 PM PDT 
The Centre and the Mumbai police have begun investigations to see if Singapore-based Speak Asia Online Limited, a multi-level marketing company, is guilty of cheating or fraud in a scheme inviting people to pay an upfront membership fee and offering revenues in return for filling online con sumer survey forms.What if a company asked you to fill in online survey forms, one per week, and earn... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Get Richer by avoiding this Money Mistake Posted: 19 May 2011 07:39 PM PDT 
Mental Accounting is one such money mistake even smart people are committing. Understanding this mistake and avoiding this could make us richer. Behavioral Finance experts say that mental accounting works this way: Let us say you have bought a Rs.200 ticket to a movie. When you show up at the entrance of the theatre and realize you have lost your ticket, do you buy another... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| CONVERT FIGURES IN TO WORD EXCEL ADD IN INDIAN RUPEE Posted: 17 May 2011 08:02 PM PDT 
What we needed was to show a number in the Indian Rupee format as well as display the amount in words. Let me explain. Say we have a figure 12345678. If I just use the currency format it will be displayed as Rs 12,345,678.00. But in India we prefer to use the format Rs. 1,23,45,678.00. That is we use hundreds, thousands, lakhs and crores rather than millions and billions. As far as I know... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Download Form 16A from tin nsdl mandatory for companies ,Banks Posted: 17 May 2011 11:11 AM PDT 
CBDT has issued Circular 03/2011 on May 13, 2011 detailing new procedure of Issuance of TDS Certificates in Form No. 16A downloaded from TIN Website and option to authenticate the same by way of digital signature. FY 2010-11FY 2011-12 Download Form 16A from TIN Web SiteOptionalMandatory for Companies and Banks. Optional for others Digitally Sign Form 16AOptional but only if downloaded... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| The Speak Asia money trail (A fraud or a Legal company) Posted: 16 May 2011 06:45 PM PDT 
Moneylife investigation reveals that the mysterious trail of Speak Asia runs through several India companies and the money is being remitted to purchase 'survey software' from a company linked to the shadowy promoters Some new, worrying details about Speak Asia, the flashy survey company that has ensnared millions of gullible Indians over the past few months, are now available from a Moneylife... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Watch out for these tax filing errors! Posted: 15 May 2011 06:58 PM PDT 
Ignorance is never bliss, when it comes to calculating how much you need to shell out by way of taxes! When errors crop up due to lack of awareness you could end up evading tax unknowingly! That could turn out to be a costly mistake somewhere down the road! So be wise, get your tax facts right! Here is a quick sample checklist for you! 1. Agricultural income and property Avinash owns some land... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| USE "MICR" CODE TO GET EARLY REFUND Posted: 15 May 2011 06:33 PM PDT 
From 01.04.2011 Assessment year 2011-12 has started and assessee may file their income tax return for Fy 2010-11.Notification of the Income tax return forms for the Assessment year 2010-11. I have come to know from sources that dept. will sent refund order through UPC instead of registered post earlier,and you can forecast yourself how many refund order will be lost in transit,and how much... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| petrol up R5 a litre,50% is taxes of total price !!!!!! Posted: 14 May 2011 09:21 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 09:07 PM PDT 
Long awaited notification now released. Govt has notified exemption on interest rate on EPF to 9.5 % . Earlier EPFO has declared 9.5 % interest rate for Fy 2010-11,but in income tax act rate notified was Just 8.5 % so as per act 1% additional interest was taxable in hands of Employees but after this notification Interest earned from EPF is full exempted. This change has been effected from... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Home fix: buy or rent? Posted: 13 May 2011 09:06 PM PDT 
Apartment prices up and interest rates are going up. The big question for people trying for a dream home with rising equated monthly installments (EMIs) these days is: should one buy a flat or does it make more sense to live on rent and wait for better days to make a purchase? The average apartment price across the country has risen by 20% over the past year, say market experts. This means your... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| CBEC's CLARIFICATION ON PROSECUTION PROVISION IN FINANCE ACT, 1994 Posted: 13 May 2011 06:07 PM PDT 
Clarification regarding prosecution provision in Finance Act, 1994 CIRCULAR NO. 140/9/2011-SERVICE TAX, DATED 12-5-2011 With the enactment of Finance Act, 2011 (No.8 of 2011), section 89 which provides for prosecution of specified offences involving service tax, becomes a part of Chapter V of Finance Act, 1994. 2. Prosecution provision was introduced this year, in Chapter V of Finance... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| SBI interest rates 01-04-11 for computing perquisite valuation Posted: 13 May 2011 11:18 AM PDT 
State Bank of India: Interest Rates on 1st April, 2011 For the purpose of computing perquisite valuation Interest rates as on 1st April, 2011 on various loans in Personal Segment advances are as under – – 1. Home Loans Loan amountUpto Rs.30 lacsAbove Rs. 30 lacs to Rs. 75 lacAbove Rs.75 lac to Rs.5 Cr.Above 5 cr. Interest rate during... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Tariff Value of Edible Oils, Brass Scrap and Poppy Seeds Notified Posted: 13 May 2011 10:38 AM PDT 
Central Board of Excise and Customs (CBEC), Department of Revenue has issued a Notification No.34/2011-Customs (N.T.) dated May 13, 2011 and thereby notifying tariff values of edible oils, brass scrap (all grades) and Poppy seeds as shown in the table below. "T A B L E" S.No.Chapter heading/ sub-heading/tariff itemDescription of goodsTariff value US $ (Per... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Green-channel banking at more branches of SBI Posted: 13 May 2011 10:04 AM PDT 
In Green channel Banking customers need not fill up any pay-in slip or cheque for depositing or withdrawing money from their account. Instead they could access the services of ATMs.Since there is no paperwork in this initiative, it is called green-channel banking. State Bank of India (SBI) will introduce "green-channel banking" at more of its branches to promote paperless work and to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
Save and Share!
Save Reddit Bookmark
Related Posts :