News & FAQs

Why do I need Life Insurance and also the tax impact

News & FAQs | By ALOK PATNIA | Jan 16, 2015

Life insurance is a contract between an insured and an insurer, where the insurer pays the designated beneficiary, a sum of money in exch...

Technical Glitch at the DGFT website leads to delay in obtaining IEC

News & FAQs | By ALOK PATNIA | Jan 15, 2015

Today the need to grow can be seen in all the start-ups. Every entrepreneur wants to expand his/her business in international markets for...

Repo Rate is cut by 25bps – what does it mean for the economy

News & FAQs | By ALOK PATNIA | Jan 15, 2015

Thursday morning came with a surprise from Reserve Bank of India Governor Raghuram Rajan with a cut in Repo Rate by 25 basis points. Rate...

Lower than the Expected Inflation will lead to Rate Cut Cycle???

News & FAQs | By ALOK PATNIA | Jan 14, 2015

Inflation rises to 5 percent in December compared to 4.4 percent in November. Good news is though there is rise but is lower than what wa...

Ease in Custom Procedure with Commercial Invoice cum Packing List

News & FAQs | By ALOK PATNIA | Jan 14, 2015

CBEC has moved towards reducing the paperwork for importer/exporter by issue of Circular No. 01/2015 dated 12th January, 2015. Through th...

High Returns marked in Pension Fund

News & FAQs | By ALOK PATNIA | Jan 14, 2015

The National Pension System (NPS) is a defined- contribution- based pension system launched by Government of India with effect from 1st J...

Income Increases in Disguise- With the Increase in the Basic Exemption Limits

News & FAQs | By ALOK PATNIA | Jan 13, 2015

Smiling faces were seen when Finance Minister Arun Jaitley tabled his maiden Budget in Parliament on 10 July. Indeed, the Budget lived up...

PPF, an easy way to save tax: Limit raised from 1Lakh to 1.5 Lakh

News & FAQs | By ALOK PATNIA | Jan 12, 2015

Last three months of the F.Y 2014-15. It’s high time to plan our taxes and savings. More Savings at minimum cost yet one can be puzzled...

GST and Employment: Agenda of NITI Aayog VC

News & FAQs | By ALOK PATNIA | Jan 10, 2015

NITI Aayog welcomes the first Vice Chairman, Arvind Panagariya and other members appointed by Prime Minister Narendra Modi on Monday. Eco...

Hopes for tax benefits not tax complexities from Tax Accounting Standards

News & FAQs | By ALOK PATNIA | Jan 10, 2015

Over the years there have been several disputes between tax payers and Revenue Authorities on accounting policies adopted by tax payers f...

IT Department Wants to be your Friend, will meet every Wednesday

News & FAQs | By ALOK PATNIA | Jan 9, 2015

A friendly step towards the ‘Good Governance’. Prime Minister Narendra Modi has initiated that the Income Tax department will...

Financial Leakage in Financial Institutions : Rs 15000 Crore Remittance Scam

News & FAQs | By ALOK PATNIA | Jan 9, 2015

The Enforcement Directorate (ED) has unraveled a mega scam of fraudulent foreign remittances worth Rs 15,000 crore, involving a number of...

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