Finance : Almost three years ago, I finished engineering and got a well-paying job. I was really proud to have become a taxpayer. But choosi...
Income Tax : The statutory provisions for the income in the nature of ‘Interest received on compensation or on enhanced compensation’ were ...
Income Tax : Download Interest Calculator U/s 234A, 234B, 234C of the Income Tax Act, 1961 - Date for Advance tax is nearing and all the Assess...
Income Tax : In general the perception is that income of Co–operative Societies is not chargeable to tax and therefore many societies do not ...
Income Tax : In this discussion, we would take up Section 36(1)(iii) of the Income Tax Act, 1961 and analyse the provision therein from all fa...
Finance : At present, premature closure of a Public Provident Fund (PPF) account is permitted on specified grounds on completion of five fin...
Income Tax : Government has decided to effect a reduction of 0.1 percentage points in interest rates across the board in all Small Savings Sch...
Finance : Central Government has notified revised Interest Rate for the perios from 01.04.2016 to 30.03.2016 on Small Savings Schemes like P...
Finance : Interest Rates of Small Saving Schemes to be recalibrated w.e.f. 1.4.2016 on a Quarterly Basis to align the small saving interest ...
Fema / RBI : To provide greater flexibility to banks in mobilizing non-resident deposits and in view of prevailing market conditions, the Reser...
Income Tax : Kerala High Court rules on denial of tax exemption to Kerala State Co-Operative Employee Pension Board due to delayed filing, dire...
Income Tax : The issue under consideration is whether the Interest paid on security deposit obtained from the members of society is allowed as ...
Income Tax : The issue under consideration is whether the delayed payment of interest on delayed refund becomes part of the principal amount wi...
Income Tax : The issue under consideration is whether the interest expense can be disallowed u/s 57(iii) on the ground that rate of interest pa...
Income Tax : Shri Kailash Chand Soni Vs ACIT (ITAT Jaipur) The issue under consideration is whether the addition on account of disallowance of ...
Finance : Rate of interest on various National (Small) Savings Schemes for the second quarter of financial year 2021-22 starting from 1st Ju...
Finance : The rate of interest on various Small Savings Schemes for the second quarter of financial year 2021-22 starting from 1st July, 202...
Finance : Rate of interest on various Small Savings Schemes (National Savings Schemes) for the fourth quarter of financial year 2020-21 (sta...
Finance : Rate of interest w.e.f 1st January, 2021 and ending on 31st March, 2021 on Small Savings Scheme i.e. Post Office Savings Account, ...
Finance : The rates of interest on various Small Savings Schemes for the third quarter of financial year 2020-21 starting from 1st October, ...
Everyone is aware that Form 15G and form 15H are used for avoiding the TDS deduction while computing the interest earned during the financial year. In this article we are discussing important points to remember while submitting the Form 15G and Form
At present, premature closure of a Public Provident Fund (PPF) account is permitted on specified grounds on completion of five financial years from the date of opening of account. Opening of accounts in the name of a minor is permitted under all the small savings scheme except the Senior Citizens’ Savings Scheme.
The people always have a confusion regarding salary account and savings account, actually what is the exact difference between salary account and savings account. In real both this account has same features. Let us go in deep with topic
Rates of interest on various small savings schemes for the second quarter of financial year 2017-18 starting 1st July, 2017, and ending on 30th September, 2017, on the basis of the interest compounding / payment built-in in the schemes, shall be as under:
Government has decided to effect a reduction of 0.1 percentage points in interest rates across the board in all Small Savings Schemes except the Post Office Savings Account, which has been left untouched.
On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Accordingly. the rates of interest on various small savings schemes for the third quarter of financial year 2016-17 starting on 1st October, 2016 and ending on 31st December, 2016
Central Government has notified revised Interest Rate for the perios from 01.04.2016 to 30.03.2016 on Small Savings Schemes like PPF, Senior Citizen Savings Scheme, Sukanya Samridhi Scheme and NSC etc. Rates on all schemes been reduced significantly in comparison to existing rate.
Interest Rates of Small Saving Schemes to be recalibrated w.e.f. 1.4.2016 on a Quarterly Basis to align the small saving interest rates with the market rates of the relevant Government securities
HC held that the principles of compensatory measure may apply where the legislature is silent about entitlement of interest on refund of the tax amount, which is already paid by the Assessee. Thus, by considering interest by way of a compensatory measure
To provide greater flexibility to banks in mobilizing non-resident deposits and in view of prevailing market conditions, the Reserve Bank of India (RBI) deregulated interest rates on Non-Resident (External) Rupee (NRE) Deposits and Savings deposits under Ordinary Non-Resident (NRO) Accounts with effect from 16 December 2011.
