Modi Government targets to dispose off 1.33 lakhs tax appeals, focus on high value ones

News & FAQs | By Editor | Jun 24, 2016

The tax department has set an ambitious target to dispose of as many as 1.33 lakh appeals lying before the commissioners-IT (CIT-A), almo...

LLP v/s Private Limited Company – Simplified

Corporate Law & Intellectual Property Rights | By Soumik Kumar Sen | Jun 23, 2016

Most of the early start-ups remain confused on whether to opt for Limited Liability Partnership or for a Private Limited Company. Both se...

Do you know your PAN Card can be blocked if you fail to pay taxes

In order to cripple and check the activities of wilful tax defaulters, the Income Tax department has decided to “block” Perma...

Is Tax Audit mandatory for your business?

As per the latest press release made on June, 20th 2016, Section 44AB of the Income-tax Act (‘the Act’) makes it obligatory for every per...

Now you can withdraw PPF just after 5 years of its maturity

News & FAQs | By Editor | Jun 23, 2016

Now you can withdraw PPF just after 5 years of its maturity.The Deposit Scheme Public Provident Fund (PPF) can prematurely be closed afte...

Claim LTA, HRA benefits- New Form 12BB released

If you are an employee of a company, at the beginning of every financial year (or) while joining the company you have to submit ‘Income T...

Narendra Modi government okays Rs 10,000 crore corpus; to generate 18 lakh jobs

News & FAQs | By ALOK PATNIA | Jun 23, 2016

Narendra Modi government okays Rs 10,000 crore corpus; to generate 18 lakh jobs. The government today approved Rs 10,000 crore ‘Fun...

Get ready for green tax as draft forest policy is out

News & FAQs | By ALOK PATNIA | Jun 23, 2016

Get ready for green tax as draft forest policy is out. The environment ministry has come out with a draft National Forest Policy (NFP), p...

Shop & Establishment Act, EPF Act and 2 other labor laws proposed to be amended

News & FAQs | By ALOK PATNIA | Jun 23, 2016

The labour ministry has lined up amendments to at least four key laws for the Cabinet’s approval in a renewed push to labour reform...

PSBs to resume SME lending post-balance sheet clean-up: Raghuram Rajan

News & FAQs | By ALOK PATNIA | Jun 23, 2016

Reserve Bank Governor Raghuram Rajan today hoped that once the clean-up of public sector banks is over, they will start focusing on small...

Did you know what the MVAT Amnesty scheme holds for you?

GST & Other Indirect Taxes | By ALOK PATNIA | Jun 22, 2016

VAT Amnesty Scheme – a benefit for traders & merchants: Many traders & merchants got affected by riots in India & prope...

FDI policy liberalized – most sectors under 100% FDI

News & FAQs | By ALOK PATNIA | Jun 21, 2016

The Union Govt seems to be in a liberalization spree. The Government of India has further liberalized the existing FDI policy vide its pr...

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