Commerce Minister Nirmala Sitharaman will lead a business delegation to Algeria from May 26 to June 1, 2015, a FICCI statement said on Saturday. “India has been given a status of Guest of Honour country for the Algiers International Trade Fair, being held from May
Hello friends, looking for tax saving options apart from basic tax limits. In this article I will tell you the basic tax limits and will discuss some good tax saving options available under various provisions of Income Tax Act, 1961. But Wait, Do you know
Increase in Interest on Late Payment of Service Tax The interest rate on late payment of service tax to be levied on a simple interest basis would now vary depending on the extent of delay in payment of service tax. These new interest rates for
Many people comes to me and say last date of filling income tax return(ITR) is 31st March not 31st july. Are they correct? If, yes why some people says due date of filing of ITR is 31st July? and Why income tax department organise camps
While countries such as Singapore and New Zealand tax virtually everything at a single rate, Indonesia has five positive rates, a zero rate and over 30 categories of exemptions. In China, GST applies only to goods and the provision of repairs, replacement and processing services.
Clarification on applicable section of Companies Act, 2013 for June 2015 CMA EXAM The Institute of Cost Accountants of India had issued a clarification on applicability of sections of Companies Act, 2013 for June 2015 term examination, on 18 May 2015. The circular was issued
New Delhi: B. Muralidharan, Deputy Secretary (Exams) had announced on 21/05/2015 Thursday about shifting of examination zone of CPT exams. The proposed exam date is 14th June 2015. The candidates who opted the zone in the city of Chennai and Hyderabad, some of the
NEW DELHI: Finance Minister Arun Jaitley acknowledged on Friday that the government could miss its deadline to implement a key tax law amid criticism of the pace of economic reforms after a year in office. Mr Jaitley said he was “conscious” that delays in Parliament
The first meeting of the Rajya Sabha Select Committee threw up an unexpected good news for the NDA government when JD(U), which has 11 members in the Rajya Sabha, said it would support the GST bill as Bihar does not stand to lose too much
The chair of the US Federal Reserve, Janet Yellen, said she expects the central bank to begin raising interest rates “at some point this year”. She said delaying the long-awaited move would pose risks to the economy. The US economy is likely to recover from
India Inc today hailed Narendra Modi-led government’s performance in past one year, saying the focus on non-adversarial, corruption-free and predictable policy regime has buoyed investor sentiment. “The government has exceeded our expectations and has achieved more in the first year than any other government has
There is no appetite in most countries to look for what makes sense for the globe. Countries are too focused on what makes sense for themselves.’ Reserve Bank of India Governor Dr Raghuram Rajan has said countries need to adopt polices that add to growth
NEW DELHI: The finance ministry will come out with simplified Income Tax Return (ITR) forms by the next week, replacing the controversial ones that have been put on hold. “We will notify the new simplified ITR forms in a week,” a top government official said.
The Service Tax Rate is being increased from 12.36%(including cess) to 14.00% .The new rate is 14.00 % flat. No Education Cess and Secondary Cess will charge on it.The new service tax rate shall come into effect from a date to be notified by the
Dear Professional Colleagues, I am happy to share with you some significant developments concerning profession and important decisions taken by the Council at its 342nd meeting held on 15th, 16th April 2015 and on 4th and 5th May 2015 after adjournment. Meeting with Shri Arun
SAP India, a subsidiary of SAP SE reaffirmed its assurance to its customers and partners with regard to Goods and Service Tax (GST) reform in the country. SAP will offer a range of localized solutions which have the Indian tax functionalities integrated within the business