Presumptive income scheme for professionals

Presumptive income scheme for professionals
The Finance Act 2016 has introduced a new presumptive income scheme for professionals by inserting a new section 44ADA into the Income Tax Act, 1961. The new section has come

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Now restaurants cannot add service charges to your bill

Now restaurants cannot add service charges to your bill
The government has just made eating out cheaper by bringing your restaurant bill down.Now restaurants cannot add service charge to your bill along with taxes.

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EPFO proposes loyalty­ cum ­life benefit of up to Rs 50,000 for members

EPFO proposes loyalty­-cum-­life benefit of up to Rs 50,000 for members
Retirement fund body EPFO’s subscribers will get loyalty­cum­life benefit of up to Rs 50,000 at the time of retirement for contributing to the scheme

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Now you can get PAN and TAN numbers in just 1 day

Now you can get PAN and TAN numbers in just 1 day
To improve the Ease of Doing Business for new corporates, Central Board of Direct Taxes (CBDT) has tied up with Ministry of Corporate

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These banks are offering interests as high as 7.25% on savings accounts

These banks are offering interests as high as 7.25% on savings accounts
The Indian account holders are the current king of banking ­ an industry least likely tofavour individuals when borrowing isn’t cheap and savings

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70% of all goods and some consumer durables to become cheaper under proposed GST regime

70% of all goods and some consumer durables to become cheaper under proposed GST regime
A number of goods such as cosmetics, shaving creams, shampoo, toothpaste,soap, plastics, paints and some consumer durables could become cheaper

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