Category: Ministry of Finance
-
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…
-
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…
-
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…
-
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,
-
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…
-
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…
-
Authorized banks for e-payment procedure
e-Payment facilitates payment of direct taxes online by taxpayers. To avail of this facility the taxpayer is required to have a net-banking account with any of these Authorized Banks.
-
Due date for payment of service tax
Individuals/partnership firms Due date- 5th of the month immediately following the respective quarter in which service is provided. If payment is made through internet banking, due date– 6th of the month immediately following the respective quarter in which service is provided. However, for the quarter ending 31st March, the due date of payment of service…
-
What are the consequences for not paying Service Tax?
Penalty for late filing of Service Tax Service tax are to be paid before due date in order to free from penalty, if, service tax is filed after the due date a penalty up to Rs 10,000 may be charged[sec. 77(2)] According to section 7C of Service Tax Rules, 1994 late fee is payable as…
-
NRI’s looking to buy property-while rupee falls-ASSOCHAM survey
The Rupee’s sharp dip against the US dollar has made temptations for non-resident Indian (NRI) to buy property with realtors expecting an increase of 35% in business enquiries from the expatriates this year, reveals the “Associated Chamber of Commerce and Industry of India” (ASSOCHAM) recent findings.Releasing the ASSOCHAM paper on “Falling Rupee sparks property boom…