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Setting aside the ‘bad insurance policy’ is a good investment policy

July 23, 2016 23844 Views 0 comment Print

Did your last insurance policy assure you only insecurity after you bought it? Do you feel that the insurance policy which you have just taken does not serve your purpose? Or, is it that the policy does not give all that your advisor promised you it would, while selling the policy? If this is so, then you need not despair, help is at hand

5 Things to take care while choosing the right financial planner

July 23, 2016 21338 Views 0 comment Print

What is the first image that comes to your mind when you think of a financial advisor? A stressed person completely occupied with his phone and PC, buying and selling orders, and trying to make as much money as possible for his present as well as potential clients.

Goods and Services Tax (GST): An Overview

July 23, 2016 31346 Views 0 comment Print

Goods and Services Tax (GST): An Overview I. Introduction 1. Introduction of GST would be a significant step in the field of indirect tax reforms in India. By amalgamating a large number of Central and State taxes into a single tax and allowing set-off of prior-stage taxes, it would mitigate the ill effects of cascading […]

Tax Deducted at Source Calculations, Savings and Procedures

July 23, 2016 29053 Views 6 comments Print

TDS is tax deducted at source. This is a method through which the government makes sure you pay the tax while receiving he income rather than paying it latter. There are various situations where TDS is applicable to the income you receive. TDS eases the burden on the person who receives the income as he […]

CBDT introduces Paperless PAN & TAN application process

July 23, 2016 25309 Views 0 comment Print

For fast tracking the allotment of PAN and TAN to company applicants, Digital Signature Certificate(DSC) based application procedure has been introduced on the portals of PAN service providers M/s NSDL eGov and M/s UTIITSL. Under the new process PAN and TAN will be allotted within one day after completion of valid on-line application.

5 Things to Know before purchasing a house or flat from Builder

July 23, 2016 27555 Views 1 comment Print

Are you planning to buy your dream house? Have you made the final choice for your ideal home and just left with signing of the house agreement? Is your home loan approved? Are you also done with all the other major formalities?

‪Key Terms in Draft GST Law for E-Commerce Platforms

July 23, 2016 25279 Views 0 comment Print

In this articles I have analysed Key Terms in Draft GST Law for E-Commerce Platforms engaged in providing or facilitation of services, which includes what is meant by branded services, aggregator and brand.

Removal from the list of Inspection and Certification Agencies

July 22, 2016 20881 Views 0 comment Print

M/s. Trans Border Safety Control Inspection Services LLC, USA was notified as Pre Shipment Inspection Agency vide Public Notice No. 34(RE: 2013)/2009-14 dated 29.10.2013. A Show Cause Notice (SCN) No. 01/53/171/214/AM16/PSIA-101/IC dated 3/6/2016 was issued to them for mis-declaration in the Pre-Shipment Inspection Certificate issued by them.

SOP to handle 14 Lakh AIR transactions without valid PAN

July 22, 2016 22282 Views 0 comment Print

Kindly refer to the above subject. Directorate of Systems has processed non-PAN AIR transactions which resulted in identification of around 7 lakh high risk transaction clusters having around 14 lakh non-PAN AIR transactions. These transactions have been assigned priority rating P1 to P3 (P1 being the highest priority) and each non-PAN AIR transaction has been assigned a unique Transaction Sequence Number (TSN) for monitoring purposes.

Permission to pay service tax through non electronic modes

July 22, 2016 22984 Views 0 comment Print

Rule 6(2) of the Service Tax Rules, 1994 stipulate that while every assessee shall pay service tax electronically through internet banking, the jurisdictional Deputy/Assistant Commissioner, may, for reasons to be recorded in writing, allow the assessee to deposit service tax by any other mode.

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