The New Pension Scheme (NPS) is likely to get a makeover if the revised Direct Tax Code is implemented. However, the government is doing its bit to lure investors to take a close look at the NPS. Recently, the government announced the ‘Swavalamban’ scheme through which it would add Rs 1,000 co-contribution every year for the next three years for everyone who joins the New Pension Scheme in this financial year. Any NPS subscriber who invests Rs 1,000-12,000 per annum between April 1, 2010 and March 31, 2011, will get Rs 3,000 free from the government.
Insurance regulator Irda on Monday said Ulip-holders will have to pay up to Rs 6,000 if they want to discontinue a policy within the first four years. The Irda (treatment of discontinued linked insurance policies) regulation, 2010, released by the sectoral watchdog today, said the charges for discontinuation of Ulips will range from Rs 1,000 to Rs 6000, depending on the premium paid by the policyholder.
A new 10.3% service tax has been introduced on all cashless mediclaim transactions from July 1, to be paid by Third Party Administrators (TPA) to hospitals later. What does this mean for consumers? According to lawyer and consumer activist Jehangir Gai, “Consider that a patient with a cover of Rs 1 lakh has been allowed a claim of the full sum.
I. The Ombudsman shall have the powers to –(a) receive complaints from taxpayers on any matters specified in clause 9;(b) consider such complaints and facilitate their satisfaction or settlement by agreement, through conciliation and mediation between the Income Tax Department and the aggrieved parties or by passing an ‘award’ in accordance with the Guidelines;
In exercise of the powers conferred by sub-section (1) of Section 210A of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following amendment in the notification of Government of India, Ministry of Corporate Affairs, published in the Gazette of India , Extraordinary, dated the 21st July, 2009 vide number S.O. 1800(E), dated the 21st July, 2009, namely :–In the said notification for the figures “20-7-2010” wherever they occur, the figures “20-8-2010” shall be substituted.
Students under PCC stream are sent Student’s Journal, free of cost, for a total continuous period of three & half years (42 months) from the date of commencement of articleship. They will continue to receive the Student’s Journal even after joining final course, provided the period of 42 months is not over.
The changes to the original draft of the direct taxes code are going to cost taxpayers, with the government planning to significantly alter the slabs. While the slabs are yet to be reworked, officials indicated the highest one could be in the range of Rs 10-15 lakhs (Rs 1-1.5 million), instead of the Rs 25 lakhs (Rs 2.5 million) proposed when the first draft was released last August.
B Ramalinga Raju, the disgraced founder of the erstwhile Satyam Computer Services , and his family members wrongfully gained Rs 2,743 crore (Rs 27.43 billion), the Central Bureau of Investigation (CBI) said.For the first time, the premier investigating agency, as a part of its media workshop, discussed Satyam fraud as a case study.
There could be several hardware-related reasons for a slow computer. For example, the processor, the brain of your computer, may be too slow to run today’s demanding software. It may drag along if you have several programs running simultaneously. Then, there is RAM – the temporary memory the computer uses to do its calculations.
Necessary action may immediately be taken to withdraw such facility, if any, granted by any field formation under your jurisdiction. It is also requested to advise such assesses to avail the option of rebate under Rule 18 of Central Excise Rules for supply of duty-free fuel to foreign bound aircraft.
