Author: SREENU .T
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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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Reverse Mortgage-?
Reverse mortgage means a mortgage on which the borrower need not have to repay the loan amount (principal and interest) taken against a residential house property of a senior citizen. Reverse mortgage was introduced to address the financial needs of senior citizens owning residential house property. It enables them to receive a regular income on…
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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…
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What to do when you receiving fictitious money offerings from abroad
You may have received e-mails about lottery winning, money circulation schemes, other fictitious offers of cheap funds, etc. most of the e-mails are related with lottery winning of a huge amount or an expensive car and if you reply to such e-mail you may be requested to send a certain per cent of winning amount…
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Complain to Local Police/Cyber Crime Authorities against Fictitious Offers
Complain to Local Police/Cyber Crime Authorities against Fictitious Offers of Money from Abroad The Reserve Bank of India advised members of public to immediately register a complaint with the local police/cyber crime authorities when they receive fictitious offers of money from abroad or if they are victims of such offers. The Reserve Bank has, on…
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Infra reeling with 20% shortage of skilled manpower-ASSOCHAM
In a study conducted by “The Associated Chambers of Commerce and Industry of India” (ASSOCHAM) finds that our infrastructure industry is facing a significant 20 per cent dearth of project managers leading to project delays and cost overruns. Study titled ‘Road Sector Role in Futuristic Development of India, revealed that “India is currently facing an…
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Govt set up Tax Administration Reform Commission (TARC)
TAARC functions to review the existing mechanism and recommend appropriate organizational structure for tax governance with special reference to deployment of workforce commensurate with functional requirements, capacity building,vigilance administration, responsibility and accountability of human resources, key performance indicators, assessment, grading and promotion systems,
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Portability of NPS Lite/Swavalamban to NPS-ALL Citizen Model
Portability of NPS Lite/Swavalamban Accounts to NPS-ALL Citizen Model (UOS) and other sectors Pension Fund Regulatory and Development Authority (PFRDA) which is responsible for maintaining retirement funds, has approved shifting/porting of NPS/Lite/Swavalamban Permanent Retirement Accounts (PRAN) to NPS- All Citizen model and other sectors through an Inter platform shift process Approval has been given in…
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Hurry!!Last date for filing ST-3, 31st August
By an order (Order No: 03/2013) Central Board of Excise & Customs(CBEC) has extended due date for submission of ST-3 to 31st August, 2013(which was 25th April,2013) for the period from 1st October, 2012 to 31st March, 2013. The circumstances which gives rise to this extention of time is due to the non avialbility of…