GST ministerial panel Meeting Delete reverse charge mechanism u/s 9(4) of CGST Act The GST ministerial panel led by Bihar Deputy Chief Minister Sushil Modi put off two key items — the reverse charge mechanism and digital payment incentives — in its meeting on Sunday i.e on 08.07.2018, indicating a slowdown in decision-making under the one-year-old indirect tax regime ahead of the… Read More »
Whether Cash Loan can be taken from Wife by Husband for the purchase of house ? Video Explanation by CA Satbir Singh in Hindi Facts of the case : The assessee has taken cash loan of Rs. 1 lakh and 3 lakhs on 01.04.2006 and 30.09.2006 respectively from Meena Sood for which penalty proceedings u/s… Read More »
Sukanya Samriddhi Accounts Benefits and Features Sukanya Samriddhi Accounts Interest payable, Rates, Periodicity etc. Minimum Amount for opening of account and maximum balance that can be retained Rate of interest 8.1% Per Annum(with effect from 1-01-2018),calculated on yearly basis ,Yearly compounded. Minimum INR. 1000/-and Maximum INR. 1,50,000/- in a financial year. Subsequent deposit in multiple… Read More »
Kisan Vikas Patra (KVP) Kisan Vikas Patra (KVP) Interest payable, Rates, Periodicity etc. Minimum Amount for opening of account and maximum balance that can be retained From 1.01.2018, interest rates are as follows:- 7.3% compounded annually Amount Invested doubles in 118 months (9 years & 10 months) Minimum of Rs. 1000/- and… Read More »
National Savings Certificates (NSC) Benefits and Features National Savings Certificates (NSC) Scheme Interest payable, Rates, Periodicity etc. Minimum Amount for opening of account and maximum balance that can be retained Salient features including Tax Rebate National Savings Certificates (NSC) 5 Years National Savings Certificate (VIII Issue) From 1.01.2018, interest rates are as follows:- … Read More »