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Monthly Archives: May 2016

TDS Rate Chart w.e.f. 1st June 2016 for FY (2016-17)

Section Payer Nature of payment/income Type of payee Rate of TDS Comments 192 Employer Salary Employee As per the Slab Rate 192A The Trustees of EPF Scheme or any person authorized under the scheme Accumulated PF Balance Due to Employees Deducted when amount is paid more than Rs. 30,000/- Employee …

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One Mallya, Many Amendments in SEBI (Links Added)

SEBI has barred or restrained wilful defaulter’s  access to or play role in capital markets.” Bar on being regd. as an Intermediary [SEBI (Intermediaries) Regulations] Applicant, it’s Promoter, Director, Principal officer or KMP should not be willful defaulter to get registered as an intermediary. {Reg. 7, Schedule II} http://egazette.nic.in/WriteReadData/2016/169829.pdf Bar …

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ED to do forensic audit of Mallya’s books of accounts

The Enforcement Directorate (ED) will conduct a forensic audit of Vijay Mallya’s and related companies’ accounts, to collect money trail details in connection with the Rs 6,963 crore borrowed by him and his now-defunct Kingfisher Airlines. The ED is formally probing Mallya and Kingfisher Airlinesunder anti-money laundering laws in connection …

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Reasons why one Should quit his Job Immediatly

No body cares about your Inputs Everyone has ideas and everyone loves when their ideas are taken seriously or implemented. The feeling that you have contributed in a special way is incredibly gratifying. But when your boss or company shoots down or even laughs at your ideas, that’s not only …

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Download Form 12BB in Excel (Notification No. 30/2016)

In My Previous post i informed to readers that “CBDT has notified new form no. 12BB for declaration of Investments. Employees are now required to submit evidences/Particulars of Tax Savings to employer in Form No. 12BB.” and i also promised readers that i ll Provide Form 12BB in Excel Format …

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Due date for Filling TDS Returns Changed from 1st June 2016

Yes, You heard it Correct Due date for Filling TDS Statement has been changed w.e.f. 1st June 2016.   Notification No. 30/2016 dt 29 April, 2016 has notified Income-tax (11th Amendment) Rules, 2016 to amend various Income Tax Rules w.e.f. 1st June 2016, including amendment of due dates for quarterly …

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