The cost audit report and compliance report dates have been extended to 31st January 2013 , as per the GENERAL CIRCULAR NO. 43/2012, DATED 26-12-2012 issued by Ministry of Corporate affairs . The said circulars is as under In continuation of MCA’s General Circular Nos. 8/2012, dated May 10, 2012 [as amended on June 29, 2012] and 18/2012, dated July 26, 2012, it has been [...]
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 [...]
VDIS 2011 A reality ??
September 15, 2011 by Leave a Comment
It was this site that reported Is VDIS coming back this budget 2011-12? Media reports that the government is seriously considering the option of a voluntary disclosure scheme” for bringing back unaccounted money kept in banks abroad.VDIS was launched by the finance ministry domestically in 1997 and it helped the government increase revenue collections dramatically. [...]
Senior Citizen Savings Scheme: No Age Bar for Retired Defence Personnel
June 16, 2011 by Leave a Comment
A retiring employee becomes eligible for Senior Citizen Savings Scheme after attaining age of 55 years. However , exception is made in case of Defence Personnel (other than Civilian Defence Employees ) who can join at any age after retiring from defence jobs. It was brought to notice of CBDT that many banks are not [...]
Tax Relief to Govt Servants & employees under New Pension Scheme
March 1, 2011 by Leave a Comment
Now new government staff and even other employer are providing pension through contribution to New Pension Scheme . Government employees will be happy to note that Finance Bill 2011-12 has one amendment which will give them big tax relief. The relief is that now the contribution by central government or any employer to new pension [...]
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