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Archive: 16 September 2010

Posts in 16 September 2010

Advance tax collection grows by 14 per cent in second quarter

September 16, 2010 264 Views 0 comment Print

Banking and financial services companies the led corporate pack as advance tax payments for July –September grew by about 14 per cent, tax department sources said. Mortgage finance major HDFC paid about Rs. 400 crore as advance tax for the quarter, w

EPF the best risk-free tax savings option – Interest Rate increased to 9.50 PC

September 16, 2010 261 Views 0 comment Print

Central Board of Trustees (CBT) on Wednesday recommended a one percentage point hike in the interest rate on employee’s provident fund (EPF) to 9.5 per cent. This would make EPF the most lucrative risk-free tax savings option.The announcement came af

Draft circular on arrear recovery manual for Central Excise, Customs and Service Tax

September 16, 2010 1796 Views 0 comment Print

Notification No. 70/2010 Feedback/Comments may be sent to Chief Commissioner (TAR) within two weeks at adc_tar@yahoo.com. Hard copy of the same may follow. PREFACE The arrears of revenue have been piling up over the years due to which it has been felt necessary to compile a ‘Hand Book’ of all legal provisions , including instructions, […]

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