Day: August 24, 2015

Will Your Income Tax Return Get Rejected..???

Reminder – 31.08.2015 (FY 2014-15) is last date for Filing Income Tax Return for Non Audit Assesses.   Filing your tax returns is very easy, but make sure you know the tax rules when you do so. An online survey conducted by economictimes.com indicates abysmal levels of tax literacy. The returns of almost 66% of the 2,158 respondents could have faulty information, and almost 34% could even get a notice because of the errors in their tax forms. Interest income is where many taxpayers are going wrong. Almost 30% of the respondents believe that interest of up to `10,000 from bank FDs is tax free in a year. They should know that the exemption under Section 80TTA is only for the interest on their savings bank accounts. What they earn on FDs and recurring deposits is taxable. Similarly, almost 30% believe that the interest earned on tax-saving infrastructure bonds bought a few years ago under Section 80CCF is not taxable because they were tax saving instruments. Wrong again. The bonds may have helped save tax, but the interest is fully taxable and has to be reported. Nearly 45% of the 637 respondents who said so earn over `12 lakh a year and should be paying 30% on income they think is tax free. “This is a common misconception. Research shows nine out of 10 taxpayers go wrong in reporting...

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TOP E-Commerce companies of India

Hello Everyone; Today I would like to share TOP E-Commerce companies of India. Details are :- Fashion & Lifestyle flipkart.com snapdeal.com http://ebay.com http://amazon.com http://festivalsshopping.com Sunglassesindia.com Brandsndeals.com Majorbrands.in Pantaloons, Shoppersstop.com, Inkfruit.com, UtsavSarees.com Globus Zovi.com BagsKart.com Fetise.com Orosilber.com Violetbag.com Bags109.com Myntra.com Elitify.com Custom designed T-shirt, mug, calendar etc Myntra.com, Zoomin.com, Snapfish.in, Picsquare.com Footwear Yebhi.com, Metro Shoes Bata Shoes BeStylish Goodsneakerspace.com Babies, Kids,Mothercare Hushbabies.com, Firstcry.com, BalGopal.com, Kidloo.com Babyoye.com MyBabyCart.com Hoopos.com Wowkart.com Babyproducts.co.in Gifts, cakes etc. Infibeam.com, Fernsnpetals.com, IndianGiftsPortal.com, Talash.com GlimGifts.com Giftsandlifestyle.com Arteecraftee.com Onamgifts.com fngstore.com Ganeshchaturthigifts.com Janmashtamigifts.com Books Flipkart.com, Landmarkonthenet.com, A1books.co.in Bookchums.com Chocolates, Sweets and bakery items Mithaimate.com Justrufs.com Artwork auction Saffronart.com http://festivalsshopping.com Movie ticket booking Bookmyshow.com PVRCinemas.com Rent a movie BigFlix.com Seventymm.com Online travel ticketing and hotel booking Irctc.co.in, Redbus.in, MakeMyTrip.com, Yatra.com, TripAdvisor.in, ClearTrip.com, Travelguru.com, Expedia.co.in, Ezeego1.co.in, Ixigo.com, TravelMasti.com, Hotels.com Via.com Travelchacha.com Airlines portals Goindigo.in, Indian Airlines, Jetlite.com, Flykingfisher.com, Goair.in, Spicejet.com, Jetairways B2C (Multiple products) Ebay.in, IndiaTimes, Rediff Shopping, Bigbazar, Homeshop18.com, Shop.zapak.com, Shop.in.com, Tradeus.in, Indiaplaza.in, Egully.com, 20north.com Timtara.com YepmeShopping.com Bigadda.com BrandsKnot.com Bevyshop.com OnlineBuy99.com FutureBazaar.com DiscountBox.in (Discounted Offers) Buytheprice.com Mallxs.com Shopclues.com Ezmaal.com Goodlife.com Jabong.com Junglee.com Pepperfry.com Seventymm.com http://www.onlinebuy99.com http://www.futurebazaar.com http://www.shopping.indiatimes.com http://festivalsshopping.com Deal a day SnapDeal.com, Dealsandyou.com, Mydala.com, Koovs.com, Grabbon.com, BindaasBargain.com, Taggle.com, SoSasta.com, Dealivore.com Grako.in Dealsonline4u.com Bagittoday.com 99labels.com Fashionandyou.com Timesdeal.com Rediff-DealHoJaye Dealface.com DealYantra.com Buzzintown Deals DealsNow (For Corporates) Dealbharat.in Indiandailydeals.com Bestdeals4u.in BundleBaazi.com Discountbox.in Slickindia.com Dealbajar.com Electronics, Gadgets, Watches, Phones Dell.co.in, Ezone, EDigiWorld, BitFang.com Letsbuy.com LootSpot.com Next.co.in LetsBuyProducts.com WatchKart.com Gizmeup.com Atrightprice.com Bulbtiger.com Theitdepot.com Jewellery Caratlane.com, Suratdiamond.com Ddamas.co.in...

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Sensex plunges 1,625 points to end at 25,742; Nifty closes at 7,809

Finance Minister Arun Jaitley says stock markets will settle down; government and RBI watching the situation closely. The BSE Sensex fell around 6 percent on Monday to its lowest in a year, as a rout in Chinese equities sparked widespread unrest in global financial markets. The benchmark BSE Sensex fell 1,624.51 points, or 5.94 per cent at 25,741.56. The index opened at 26730.40 and touched a low of 25,624.72. The broader Nifty also fell 490.95 points, or 5.92 per cent percent to 7,809. In the 50-share Nifty pack, Vedanta (down 14.85 per cent), GAIL (down 14.16 per cent), Tata Steel (down 13.83 per cent), Cairn India (down 13.20 per cent) and Punjab National Bank (down 11.36 per cent) declined the most. On a year-to-date basis, the BSE Sensex tumbled around 6.4 per cent till August 24. The index jumped 25 per cent in the same period last...

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Corporate Updates

IT/ILT : While entities rendering Voice Call Center services for customer support and a KPO service provider may be employing IT-based delivery systems, the characteristics of services, the functional aspects, business environment, risks and the quality of human resource employed would be materially different. It plainly follows that benchmarking international transactions on the basis of comparing the PLI of high-end KPO service providers with the PLI of Voice Call Centers would be unreliable and possibly flawed. Cenvat Credit : Where depreciation was originally claimed on ‘duty paid on capital goods’, but, later revised return was filed reversing said depreciation claim and accepted by Income-tax authorities, same amounted to compliance with rule 4(4) of CENVAT Credit Rules, 2004 and hence, credit could not be denied Commissioner of Central Excise & Customs, Aurangabad v. Terna Sethkari Sahakari Sakhar Karkhana Ltd. WRIT PETITION NO. 2127 OF 2004. SARFAESI : Where DRT rejected securitisation application for stay after extensive hearing, there was no breach of principles of natural justice to enable High Court to exercise its extraordinary jurisdiction when efficacious remedy of appeal was available. Kanco Enterprises Ltd. v. Authorised Officer of State Bank of india. SPECIAL CIVIL APPLICATION NO. 6331 OF...

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Delhi Jal Board New Initiative

Key Points Are:- Water/Sewar development charges of Rs 100 per sq meter Now. Rs 3310 regular make illegal connections. Connection Now offers 10 flats in a property. For more details you can contact on...

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