The Banks Board Bureau (BBB), which will independently oversee consolidation. It is not feasible to bring down the government’s share in state-owned banks below 51%, consolidation to create strong banks is the only survival option. PSB hold more than two-thirds of assets in India’s banking industry. They hold about 85 percent of non-performing loans also. […]
The government slashed interest rates small savings schemes, Schemes old rates % New rates % 1.PPF 8.7 to 8.1 2.NSC […]
Service tax return for the second half of the assessment year 2015-16 is due on 25 April 2016
1.The scheme aims to reduce the pending litigations before the first appellate authority (Commissioner Appeals). The scheme is applicable in respect of dispute with respect to Customs Act, 1962, Central Excise Act, 1944 & Finance Act, 1994 (Service TAX). 2. It aims at disposing of the pending appeals and the declarant shall get immunity from […]
Our services We provide Projected financial statements and project reports for availing bank loans including PMMY/loans from financial institutions. Cost Audit Cost and Management Accounting Costing System implementation Cost study prior to lean system implementation Domain support in implementation of lean six sigma for profit improvement Corporate Finance Central Excise, Customs and Service tax CAS […]
Amendment made in 2016-17 budget in relation to service tax provides the arrest of assesses in case there is default in the remittance of service tax collected from parties.
Budget 2016-17 – Interest rate rationalized – Interest rate on delayed payment on duty / tax across all indirect are been rationalized and made uniform at 15% except in case of service tax collected but not deposited to the exchequer in which case the rate of interest will be 24% from the date on which […]