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RBI restriction on cash deposit of more than Rs. 5000 in a Bank Account

December 19, 2016 8041 Views 6 comments Print

Tenders of old notes of Rs. 500 and 1000 in excess of ₹ 5000 into a bank account will be received for credit only once during remaining period till December 30, 2016.

Government decides to reduce existing rate of deemed profit U/s. 44AD

December 19, 2016 7960 Views 1 comment Print

Govt decides to reduce existing rate of deemed profit U/s. 44AD of Income Tax Act in respect of amounts/receipts through banking channel/digital means

Would Demonetisation eradicate Black Money & Corruption?

December 19, 2016 8962 Views 8 comments Print

PM Modi demonetised Rs. 1000/- & Rs. 500/- denomination currency notes with a view to eradicating Black money from our economy, end rampant corruption, contain the use of counterfeit & fake currency and to put a full stop on cash funding by our neighbour countries to the terrorist outfits. It is undisputed that the intention […]

“Garib” Kalyan Yojna, for “Kalyan” of Rich or Poor?

December 18, 2016 6721 Views 1 comment Print

Government has brought up with a scheme to convert 50:50% of the black money into white money which will be applicable from 17th December 2016, what is it? And what is the aim of this scheme?

Govt Restricts deposit of old Rs. 500 and 1000 notes in Bank Account

December 17, 2016 1800 Views 19 comments Print

Old notes can be deposited in an account only once now: No direct credit of amount in excess of Rs. 5000 deposited in account:

GIST of Taxation Laws (Second Amendment) Act, 2016

December 17, 2016 7051 Views 3 comments Print

As per Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016, Taxes will have to be paid first and then scheme can be availed on production of tax receipt, unlike recent Income Disclosure Scheme

All you need to know about migration from VAT to GST

December 16, 2016 29710 Views 15 comments Print

Finally the time came, we all are waiting for.. Yes, GST registration (migration) portal is open from 16 Dec 2016. As we observed that the process is a bit complicated and lengthy if compared with local Sales Tax or VAT registration; Don’t worry, we are here to make it simple for you.

5 financial planning tips that makes achieving your financial goals easy

December 15, 2016 5872 Views 0 comment Print

Introduction: Mr. Kumar, aged 47, a marketing professional, is an ambitious investor. He wanted to save funds for the rainy day and lead a comfortable living. He had read and seen people invest in stock, mutual funds and many other investment vehicles.

ESIC: Employees & Employers Contribution rate reduced to 1% & 3%

December 15, 2016 55342 Views 3 comments Print

ICT Division has taken up the matter for necessary modification in the application to accommodate the calculation of the contribution at the reduced rates in the first time implemented areas. However, due to technical reasons the modification in the software is taking some time.

Practical aspects of GST tax to be imposed in India

December 15, 2016 9280 Views 7 comments Print

आइये समझे कि क्या स्वरुप होगा भारत में लगने वाले जी.एस.टी. का और किस तरह करदाता इसका पालन करेंगे और इसका क्या प्रभाव पडेगा भारतीय उपभोक्ताओं पर, और सरकार की किस तरह की तैयारी है जी.एस.टी. को लेकर . इसके अतिरिक्त इस समय जी.एस.टी. को लेकर नया क्या हो रहा है और अंत में क्या संभावना है कि जी.एस.टी. 1 अप्रैल 2017 से लागू हो पायेगा या नहीं और साथ ही कुछ और भी महत्वपूर्ण प्रश्न जी.एस.टी. को लेकर :-

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