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Category Archives for "Ministry of Finance"

Inflation Indexed Bonds-What,When,How?

Inflation Indexed Bonds Inflation Indexed Bonds are issued to hedge against Inflation. Inflation Indexed Bonds are issued in place of Capital Indexed Bonds issued during 1997, which provides inflation protection only to the principal amount ant not to interest payment. On the other hand Inflation Indexed Bonds provide inflation protection to both principal and interest […]

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Will AADHAR linked subsidy benefit banks?

Direct Benefit Transfer of LPG (DBTL) scheme, which is AADHAR linked LPG subsidy given disbursed through banks. Under the (DBTL) an LPG consumer will get his/her cylinder at full market price and the differential between subsidized price and full market price i.e. the subsidy will be transferred to his/her bank account. Under this scheme, all LPG consumers will start receiving their LPG cylinders at full market price and will get their subsidy directly in their bank accounts up to a capped limit(9 cylinders in a year)of LPG cylinder. All Aadhaar linked LPG consumers will get an advance of Rs 435 in their bank account as soon as they book their first subsidized cylinder.
How it benefits banks?

Disbursing subsidy directly through bank accounts will increase the credit amount of customers which will in turn result in a boost in deposit quantity

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Due date for filing ST-3 extented to 10th September

 ST-3(Return under section 70 of the Finance Act, 1994) By an order (Order No: 04/2013) Central Board of Excise & Customs(CBEC) has extended due date for submission of ST-3 to 10th September, 2013 (which was 31st August, 2013) for the period from 1st October, 2012 to 31st March, 2013. The circumstances which gives rise to […]

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Get registered to become Investment Advisor

Persons wishing to act as investment advisors has to compulsorily registered with the market regulator Securities and Exchange Board of India (SEBI). The SEBI (Investment Advisers) Regulations, 2013 (“IA Regulations”) were notified on January 21,2013 and have come into effect from April 21, 2013. . All the persons acting as an investment adviser before the […]

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Find out service which attracts service tax liability

The following nine activities have been specified as declared service (which attracts service tax liability) (section 66E): renting of immovable property construction of a complex. temporary transfer or permitting the use or enjoyment of any intellectual property right development, design, programming, customization, adaptation, up gradation, enhancement, implementation of information technology software agreeing to the obligation […]

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Tax Slab in India 2013-14-Individual

Tax slab Rates of individual for the Fy 2013-2014.In case of Individual (including women) whose age is not more than sixty years.,resident individual who is of the age of sixty years or more but not more than the age of eighty years during the previous year and In case of individual who is of the age of eighty years or more at any time during the previous year.

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