Income Tax Department to accept Returns on Saturday & Sunday i.e. 3rd and 4th August too

Income Tax Department to accept Returns on Saturday & Sunday i.e. 3rd and 4th August too Posted: 31 Jul 2013 08:20 PM PDT In view of extension of due date for filing of return of Income from 31st July, 2013 to 5th August, 2013 vide CBDT's order under section 119 of IT Act in F.No 225/117/2013/ITA.II dated 31 .7.2013,

Alternate Minimum Tax (AMT) For Other Than Corporate Assessee – From A.Y. 2013-14 Posted: 31 Jul 2013 07:59 PM PDT Alternate minimum tax means the Amount of tax computed on the adjusted total income.AMT is a way collecting the minimum tax from the tax payers. Assessee shall be liable to pay tax on such income at a rate eighteen and one-half per cent (18.5%).It is not an additional tax levied on the taxpayer.

Pass Percentage & Toppers of of CA Intermediate (IPC), 2013 Posted: 31 Jul 2013 07:44 PM PDT The top three rank holders on all India basis of Chartered Accountants Intermediate (IPC) Examination held in May, 2013 are from Mumbai, Surat, Vuyyuru (Andhra Pradesh) and Vadodara respectively.

Rate of Interest Subvention for exporters Increased from 2% to 3% Posted: 31 Jul 2013 06:15 AM PDT Presently the rate of Interest Subvention for credit obtained by exporters is 2%. There has been persistent demand to both increase the rate of subvention and also to widen the coverage. At present, all exporters who are micro and small enterprises, irrespective of the export sector, are...

SEBI Circular regarding Utilisation period for FII investments in Government Debt Limits Posted: 30 Jul 2013 06:43 PM PDT SEBI has issued a circular CIR/IMD/FIIC/11/2013 dated July 31, 2013 regarding the utilisation period for Government Debt limits. In accordance with the said circular, FIIs/QFIs shall be permitted to utilise the debt limits allocated to them in each monthly auction till the 17th day of the...

DGFT invites Suggestions to prevent unintended benefit under Incremental Export Incentivisation Scheme Posted: 30 Jul 2013 06:39 PM PDT In order to prevent unintended benefit under the scheme in cases where growth in exports is more than 25 % or the total incremental growth is Rs. 10 crore or more, RAs would have to be more careful. Their scrutiny of the claim may require, inter alia,

Recommendations of Damodaran Committee on Customer Service in Banks- Uniformity in Intersol Charges Posted: 30 Jul 2013 11:57 AM PDT With the introduction of Core Banking Solution (CBS), it is expected that customers of RRBs would be treated uniformly at any sales or service delivery point. It is, however, observed that some RRBs are discriminating against their own customers on the basis of one branch being designated as the...