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Earn upto 7.69% tax free: NHAI Tax Free Bond 2016 -Tranche 2

Public Issue of Tax Free Secured Redeemable Non-Convertible Bonds by NATIONAL HIGHWAYS AUTHORITY OF INDIA See term sheet for details NHAI -Tax Free Bonds_Tranche-II_Feb16-Term Sheet Salient Features: Earn upto 7.69% Tax Free=11.74% pre Tax by MMR (For detailed Table see below) Issue is opening on

NABARD’s upcoming issue of tax free Bonds

NABARD Mar 2016 Draft Product Note Download Product Note Here Issue Structure:   Issuer National Bank for Agriculture and Rural Development (NABARD). Type of Instrument Public Issue of tax-free, secured, redeemable, non-convertible Bonds of face value of Rs. 1,000.00 each in the nature of Debentures having

Latest FMP/NFO, NCD issues 29/02/2016

How high value transactions are tracked by Income tax department

Most of us file our return with half knowledge or even if we use services of a professional we don’t want to give them all of the information. With more consolidation with various departments of government it is not easy to hide what you are

Did you also skip your interest income while filing ITR

It is a common problem in assesses that they skip their interest income in ITR due to various reasons. Some of them file their ITR without the help of a professional and some portion of their income remain unaccounted. In a recent press release CBDT

New disclosures under new ITR forms for AY 2016-17 issued on 31st March 2016

On the eve of 31st March 2016 new ITR forms have been launched. Under new forms some additional disclosure are required to be made. Declaration of net worth for assesses earning more than Rs. 50 Lac: Taxpayers earning more than Rs. 50 Lac will have

Check if you can also save tax by investing in new tranche of 54EC bonds issued by NHAI

In case you have booked any long term capital gain in last six months you can save tax by investing in 54EC bonds issued by NHAI recently. Find your eligibility here: Eligibility for exemption by investing in 54EC Bonds: Eligible Assessee Any Assessee (This exemption

CBDT draft rules on foreign tax credit

CBDT has issued draft rules on foreign tax credit. These rules will provide clarity to Indian companies and individual assesses having foreign income. As per these rules assesse having foreign income will be able to claim credit for taxes paid outside India. Earlier they were

Updates that Matter (UTM – No. 37) for Income tax, Excise, Customs, GST, Service tax

We are pleased to update you vide UTM’s (Key Update Alerts). Please find hereunder our “Updates that Matter Service Tax: – Extension of time till 29-04-2016 for filing ST-3 Returns. Due to difficulties faced by assessees in accessing the ACES application on 25th April, 2016,

How to Maintain Safe Distance from Income Tax Department

How to Maintain Safe Distance from Income Tax Department Do you want to keep an Arm’s Length Distance from the Income Tax Department? Obviously the Answer is YES!!! But the question here is HOW??? Here are a list of expenses/ investments, which at any point

Updates that Matter: Income Tax,DVAT, DGFT, Customs,Company’s Law

a) Income Tax – Income-Tax (11th Amendment) Rules, 2016. In the Income-Tax Rules, 1962, after rule 26B, there shall be inserted Rule 26C “Furnishing of evidence of claims by employee for deduction of tax under section 192.” There is Amendment in Rule 30, Rule 31A

Latest updates related to service tax, DVAT,Companies Law, Central Excise and income tax

Service Tax – Seeks to amend Notification No. 25/2012- Service Tax dated 20.06.2012  (b) services by way of renting of immovable property.”. (a) services specified in sub-clauses (i),(ii) and (iii) of clause (a) of section 66D of the Finance Act, 1994; “Explanation:- For the