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 into force with effect from 01.04.2017 i.e. from AY 2017-18. So, from AY 2017-18 professionals will have an option to […]
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 charges to your bill along with taxes.
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 for 20 years or more.
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 Affairs to issue PAN and TAN in just 1 day.
These banks are offering high interests as 7.25% on savings accounts The Indian account holders are the current king of banking an industry least likely to favour individuals when borrowing isn’t cheap and savings rates trail headline inflation. But competition has made new banks generous with deposit rates, although the longevity of these offerings […]