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Reg. Mandatory Deposits of EPF contribution through Internet Banking

August 16, 2016 1772 Views 0 comment Print

Central Government had notified on 5th May, 2015 the amendments in Para 38(1) and 48 of EPF Scheme, 1952 maaking it mandatory for employers to payment the statutory contributions through Internet Banking only.

How Are We a Good Saver But a Bad Investor?

August 16, 2016 4811 Views 0 comment Print

Every one of us is a doctor in our view, just as we all are financial planners. We rely on self-medication when we are physically down or act as a medical assistant when our family members are hit by minor medical emergencies.

Date of allotment or date of possession- To Compute Capital Gain?

August 16, 2016 108791 Views 5 comments Print

The only issue that is to be decided is whether the date of allotment of the flat or the date of possession of the flat by the assessee should be considered as the date for computing the holding period of 36 months.

Due Date of 30.09.2016: Enhancement From Practical Point of View

August 16, 2016 16340 Views 3 comments Print

These days, in the era of e-filing of Income Tax Returns, there remains heavy pressure on e-filing portal around 30 September. It is being seen in last two years, the date of 30th September for filing of returns has been enhanced due to practical problems faced by assessees.

Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016

August 16, 2016 2546 Views 0 comment Print

Default means-(i) non-payment of any debt or any other amount payable by the borrower to any secured creditor consequent upon which the account of such borrower is classified as non-performing asset in the books of account of the secured creditor; or

A step by step guide to create your Roadmap to Financial Freedom

August 13, 2016 3079 Views 1 comment Print

The days of financial freedom, devoid of any worries, can be achieved through a little bit of discipline and by following a planned path based on a good financial strategy. Let us all strive to savor the taste of a blissful independence

A Checklist for NRIs Investing in Indian Property

August 13, 2016 4897 Views 0 comment Print

NRIs have always been keen on investing their money in India. Buying a property in one’s home country will always have its own advantages. Occasions like wedding, anniversary or a misfortune may want them to visit their homeland to keep the Indian connection alive.

Liability to Excise/Service Tax on sale of Scrap – A discussion Paper

August 13, 2016 23695 Views 0 comment Print

Not all manufacturers are fully equipped to manufacture and supply a particular product. Therefore,theysend the semi-processed material or their raw materials to a job worker for carrying out the intermediate job work process.

Equalisation Levy is not so equal

August 13, 2016 7729 Views 0 comment Print

There is a possibility of countermeasures being adopted by foreign countries against the unilateral levy by India. For example, if US Treasury is of the opinion that these actions potentially undermine U.S. rights under the tax treaty, and lead to discriminatory treatment

GST Model law: Journey starts with a Dream towards Reality

August 13, 2016 4726 Views 1 comment Print

The GST law is still evolving and the dialogue continues between the Centre and the States on related issues. A number of procedural, legal and administrative issues relating to GST are under active discussions in various Committees / Sub-committees constituted by the EC and in various Groups constituted by the CBEC.

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