SWEDEN Agreement for avoidance of double taxation and prevention of fiscal evasion with Sweden* Whereas the annexed Convention between the Government of the Kingdom of Sweden and the Government of the Republic of India for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income and on capital...
Senior Citizen Interest Rate 9.3 % from 1st April
May 11, 2012 by Leave a Comment
Senior citizen savings scheme has got an amendment in rate of interest ! It has been notified vide NOTIFICATION NO.GSR 321(E), DATED 25-4-2012 that all deposits in senior citizen savings scheme 2004 shall be 9.3 %. Read the notification SENIOR CITIZENS SAVINGS SCHEME (AMENDMENT) RULES, 2012 – AMENDMENT IN RULE 7 NOTIFICATION NO.GSR 321(E), DATED [...]
List of Goods Exempt from VAT in West Bengal
April 20, 2012 by 1 Comment
The sale of goods which does not require any Value added tax or VAT within the state of West Bengal is provided under Schedule A of the West Bengal Value Added Tax Act 2003 . There are 42 major types of goods classified which are exempt from VAT in West Bengal. The list pf VAT exempt goods [...]
Change of VAT Rate in West Bengal from 01/04/2012
April 15, 2012 by Leave a Comment
West Bengal government has , following the budget presentation , brought in certain changes in existing rates of VAT on different items. For example , in case of balloon , the VAT has been withdrawn , whereas in other case rates have been changed .Following changes have come into effect from 01/04/2012 in the rate of tax applicable on sale of the items noted below [...]
Senior Citizen : No Advance Tax if No Business Income
March 19, 2012 by 4 Comments
Finance Bill 2012-13 has really good news for senior citizen. First the age anomaly was corrected by reducing the age from 65 years to 60 years for section 80D , 80DDB and section 197A and then an amendment in section 207 of the Income Tax Act now provides that if the senior citizen has no [...]
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