Daily Archives: November 24, 2015

Cloud Service Providers in India

What is Cloud Serivce ? A cloud service is any resource that is provided over the Internet. What are the Types of Cloud Services ? The most common cloud service resources are 1.Software as a Service (SaaS), 2.Platform as a Service (PaaS) 3.Infrastructure as a Service (IaaS)   What is Software as a Service (SaaS)? In… Read More »

Tariff concessions in respect of goods imported from Singapore

Following Notification Seeks to amend Notification No. 10/2008 – Customs, dated 15th January 2008, so as to deepen the tariff concessions in respect of specified goods under the Comprehensive Economic Co-operation Agreement (CECA) between India and Singapore, when imported from Singapore [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION… Read More »

Review of Foreign Direct Investment (FDI) Policy on Various Sectors

Ministry of Commerce & Industry of Govt of India on 24-November, 2015 Review of Foreign Direct Investment (FDI) Policy on Various Sectors            The Government of India has reviewed the extant Foreign Direct Investment (FDI) Policy  on various sectors and made amendments in the Consolidated FDI Policy Circular of 2015 (FDI… Read More »

Completion of rural road connectivity under PMGSY in 3 years

Ministry of Rural Development, Govt of India on 24-November, 2015 Government brings forward the target date for full completion of rural road connectivity under PMGSY by 3 years. 29,000 new habitations will be connected between 2015 to 2017 as against 13,500 between 2012 to 2014. Allocation for PMGSY substantially enhanced this fiscal: Birender Singh The… Read More »

TDS on withdrawal from Employees Provident Fund Scheme

Provisions related to TDS on withdrawal from Employees Provident Fund Scheme, 1952 (FORM No. 19) No TDS in respect of the following cases:-  Transfer of PF from one account to another PF account.  Termination of service due to Ill health of member /discontinuation of Business by employer/completion of project/other cause beyond the control… Read More »

EPFO launches Online Registration of Establishments with Digital Signature

Ministry of Labour & Employment of Govt of India on 24-November, 2015 Union Minister for Labour and Employment, Shri Bandaru Dattatreya launches Digital Signature based Online Registration of Establishments EPFO launches Online Registration of Establishments with Digital Signature New Delhi,24.11.15: Shri Bandaru Dattatreya, Union Minister for Labour & Employment (Independent Charge) today launched the Digital… Read More »

Public Provident Fund Account Sailent Features

Public Provident Fund Account From 1.4.2014, interest rates are as follows:- 8.70% per annum (compounded yearly). Minimum INR. 500/- Maximum INR. 1,50,000/- in a financial year. Deposits can be made in lump-sum or in 12 installments. An individual can open account with INR 100/- but has to deposit minimum of INR 500/- in a financial… Read More »

Post office Monthly Income Scheme

Monthly Income Scheme (MIS) Account •From 1.4.2014, interest rates are as follows:- 8.40% per annum payable monthly. In multiples of INR 1500/- • Maximum investment limit is INR 4.5 lakhs in single account and INR 9 lakhs in joint account. • An individual can invest maximum INR 4.5 lakh in MIS (including his share in… Read More »

Tax Saving Investments

PUBLIC PROVIDENT FUND PPF will earn 8.7 per cent, 25 basis points above the average benchmark yield in the previous fiscal year. Just make sure you invest the minimum Rs 500 in your PPF account in a year, otherwise you will be slapped with a nominal, but irksome, penalty of Rs 50. Though the PPF… Read More »

Best Pension Plan : ATAL PENSION YOJANA (APY)

NOTIFICATION F.NO.16/1/2015-PR- ATAL PENSION YOJANA, DATED 16-10-2015 Background 1. The Government of India has introduced a pension scheme called the Atal Pension Yojana (APY), with effect from 1st June, 2015, pursuant to the announcement in the budget for 2015-16 on creating a universal social security system for all Indians, especially the poor, the under-privileged and… Read More »

online trading Process in Indian Market

How trading takes place and what is the process of trading?  The normal course of online trading in the Indian market context is placed below:  Step 1. Investor / trader decides to trade Step 2.  Places order with a broker to buy / sell the required quantity of respective securities Step 3.  Best priced order… Read More »

Toys imported from China can be cleared after sample test proves no violation of foreign trade policy

Facts of the Case :- In this case, the plastic toys imported by M/s Lukkad Impex from China were absolutely confiscated by the adjudicating authority as the goods/packaging materials did not contain any details of manufacturer’s name, address and the period of manufacture, and hence the test reports could not be linked with the consignment… Read More »