Personal Finance Archives - Page 3 of 7

Insolvency and Bankruptcy Code 2016 Passed by Parliament

May 13, 2016May 13, 2016 TaxIndiaUpdates In0 comments5056 views

Insolvency and Bankruptcy Code 2016 Passed by Parliament History was created on 11th May, 2016 when the Rajya Sabha passed the major Economic Reform Bill moved by the Government i.e. ‘Insolvency and Bankruptcy Code,2016’. With the passing of this Bill, India has crossed an important … Continue Reading →

Personal Finance

Reserve Bank of India Introduced Research Internship Scheme

May 7, 2016 TaxIndiaUpdates In0 comments3753 views

Reserve Bank of India Introduced Research Internship Scheme The Reserve Bank of India has introduced a Research Internship Scheme to provide an opportunity to young individuals to expose themselves to cutting edge research in central banking. The scheme is aimed at individuals who have recently finished their … Continue Reading →

Personal Finance

The Real Estate Act 2016

April 30, 2016April 30, 2016 TaxIndiaUpdates In0 comments6704 views

The Real Estate Act 2016 The much awaited and widely acclaimed Real Estate (Regulation and Development) Act, 2016 comes into force today i.e. May 1, 2016 setting in motion the process of making necessary operational rules and creation of institutional infrastructure for protecting the interests … Continue Reading →

Personal Finance

Changes proposed in National Pension Scheme (NPS)

April 28, 2016 TaxIndiaUpdates In0 comments5068 views

The Government has proposed the following in the Finance Bill, 2016 with regard to the National Pension Scheme (NPS): i. Allowing 40 per cent of the NPS corpus tax exempt on lump sum withdrawal. ii. Waiving service tax on the NPS corpus utilized for purchase … Continue Reading →

Personal Finance

Stand up India Scheme Launched by PM Modi on April 05, 2016

April 5, 2016April 5, 2016 TaxIndiaUpdates In0 comments5722 views

Stand up India Scheme Launched by PM Modi on April 05, 2016 Source: PIB Prime Minister has launched the “Stand up India scheme” and a Web portal for the scheme on 05th April, 2016 at Sector 62, NOIDA. It is attended by Governor, UP, Union … Continue Reading →

Personal Finance

Sukanya Samriddhi Account Rules 2016

March 29, 2016 TaxIndiaUpdates In0 comments5664 views

March 18, 2016 Ministry of Finance, Department of Economic Affairs has notified the Sukanya Samriddhi Account Rules 2016 vide its Notification dated March 18, 2016 published in recent Extraordinary Gazette of India which shall come into force on the date of their publication in the Official Gazette i.e. … Continue Reading →

Personal Finance

The Aadhaar Act 2016

March 26, 2016March 26, 2016 TaxIndiaUpdates In0 comments7631 views

The Aadhaar (Targeted Delivery of Financial and other Subsidies, Benefits and Services) Act, 2016 NO. 18 OF 2016 The Aadhaar Act 2016 to provide for, as a good governance, efficient, transparent, and targeted delivery of subsidies, benefits and services, the expenditure for which is … Continue Reading →

Personal Finance

Interest income should be shown in Return even Form 15G/15H filed

March 23, 2016 TaxIndiaUpdates In0 comments4274 views

Interest income should be shown in Return even Form 15G/15H filed Central Board of Direct Taxes (CBDT) vide its press release March 23, 2016 clarified that interest income should be shown in the return of income even in cases where Form 15G/15H has been filed … Continue Reading →

Personal Finance

Rail Budget 2016-17 : No Hike in Passenger Fare and Others

February 25, 2016February 25, 2016 TaxIndiaUpdates In0 comments4775 views

Highlights of the Railway Budget 2016-17 Financial Performance 2015-16- Savings of 8,720 crore neutralizing most of the revenue shortfall, expected OR 90%; 2016-17- Targeted Operating Ratio (OR) – 92%, restrict growth of Ordinary Working Expenses by 6% after building in immediate impact of 7th PC, … Continue Reading →

Personal Finance

Atal Pension Yojana Notified by CBDT for Claim u/s 80CCD

February 22, 2016 TaxIndiaUpdates In0 comments5911 views

February 19, 2016 CBDT vide Notification No. 7/2016-Income Tax dated February 19, 2016 notified Atal Pension Yojana for Claim u/s 80CCD. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 7/2016 – Income-tax New Delhi, Date: 19th February, 2016 O. 529(E).- In exercise of … Continue Reading →