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How does Leave Management Help Cut Labor Costs

March 6, 2014 766 Views 0 comment Print

Leave Management/Attendance Management is one of the most vital aspects in workforce management. Leave/Absenteeism may occur in organization due to a wide variety of reasons. Ultimately this is an aspect that directly hits the organizational productivity and indirectly affects the bottom line, therefore the ROI.

Interest Rate on NSC, PPF, MIS & Post Office Time Deposits wef 01.04.2014

March 6, 2014 22000 Views 0 comment Print

Revision of Interest Rates for Small Savings Schemes for the Financial Year 2014-15 Announced Various decisions taken by the Government of India on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), were communicated to all concerned by the Government through its Office Memorandum dated 11th November, 2011.One […]

Rate of exchange of conversion of each of foreign currency WEF 07.03.2014

March 6, 2014 592 Views 0 comment Print

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue)

Import of Gold by ‘eligible passengers’ in terms of Notification No. 12/2012- Cus, Dated: 17.03.2012 -reg

March 6, 2014 6290 Views 0 comment Print

Attention is invited to Notification No 12/2012- Cus dated 17.03.2012 ( Sl No 321) regarding import of gold by ‘eligible passengers’ which provides that the gold in the form of bars and ornaments are allowed to be imported by ‘eligible passengers’ upon payment of 10% customs duty.

ADIT (Investigation) sentenced Five Year Rigorous Imprisonment in Bribery Case

March 5, 2014 1526 Views 0 comment Print

FIVE YEARS RIGOROUS IMPRISONMENT WITH FINE OF RS.50,000/- TO THEN DEPUTY DIRECTOR OF INCOME TAX IN A BRIBERY CASE OF RS.EIGHT LAKHS         The Special Judge, CBI Cases, Saket, New Delhi has sentenced Shri Satish Kumar, then Additional Director (Investigation), Income Tax, Meerut in a bribery case of Rs.Eight Lakhs and sentenced him to undergo five […]

Govt notifies Amended India-Romania Treaty

March 5, 2014 772 Views 0 comment Print

Notification No. 13/2014-Income Tax Whereas, an Agreement between the Republic of India and Romania, for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income was signed at New Delhi on the 8th day of March, 2013 (hereinafter referred to as the said Agreement); 2. And whereas, the date of entry into force of the said agreement is the 16th day of December, 2013, being the date of later of the notifications of completion of the procedures as required by the respective laws for entry into force of the said Agreement, in accordance with paragraph 1 of Article 30 of the said Agreement;

India- enters DTAA with Latvia

March 5, 2014 763 Views 0 comment Print

Notification No.12/2014-Income Tax S.0 (E). – Whereas, an Agreement was entered into between the Government of the Republic of India and the Government of the Republic of Latvia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income which was signed at New Delhi on the 1861 day of September, 2013 (hereinafter referred to as the said Agreement); 2. And whereas, the date of entry into force of the said Agreement is the 28th day of December, 2013, being the date of later of the notifications of the completion of the procedures required by the respective laws for entry into force of the said Agreement. in accordance with paragraph 2 of Article 30 of the said Agreement;

Govt. approves 8.75% interest on EPF deposit for 13-14

March 5, 2014 1370 Views 0 comment Print

Government has approved payment of 8.75 per cent rate of interest on PF deposits in 2013-14 for over five crore subscribers of retirement fund body EPFO. The Finance Ministry has given its concurrence to the Employees’ Provident Fund Organisation’s (EPFO) trustees’ decision to provide 8.75 per cent rate of interest to its members for the […]

ICSI Increases minimum stipend payable to students wef 01.04.2014

March 5, 2014 9824 Views 0 comment Print

ANNOUNCEMENT ON INCREASE IN MINIMUM AMOUNT OF STIPEND PAYABLE TO STUDENTS DURING TRAINING The Council of the Institute at its 220th meeting held on 20.12.2013 has revised and fixed separately the minimum amount of stipend payable to Executive Pass students and Professional Pass students as under:

Regarding Import of Ammonium Nitrate-Compliance of Ammonium Nitrate Rules, 2012

March 5, 2014 534 Views 0 comment Print

Considering the sensitive nature of import/export of Ammonium Nitrate, Board desires that guidelines contained in Ammonium Nitrate Rules, 2012 for import/export of ammonium nitrate be scrupulously followed by the field formations. All Commissioners of Customs concerned should ensure that consignment of Ammonium Nitrate is allowed clearance only in bagged form as specified in the subject Rules and not in loose form.

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