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Gold and silver rates for the current year, last ten assessment years and on April 1, 1981

Gold and silver rates for the current year, last ten assessment years and on April 1, 1981 Assessment year/ valuation date Gold rates1 (standard 24 carats) (per 10 gms.) Silver rates (9,960 touch) (per 1 kg.) Assessment year/ valuation date Gold rates1 (standard 24 carats) (per 10 gms.) Silver rates (9,960 touch) (per 1kg.) Rs. […]

Variable Interest Rates – Service Tax

Variable Rates of Interest for Delayed Payment of Service Tax Prescribed By Notification No. 12/2014-ST Dated 11-7-2014:- To encourage prompt payment of Service tax, new interest rates on delayed payments under Section 75 of the Finance Act, 1994, which would vary as per the extent of delay has been prescribed as under: Provision prior to […]

Here are the key highlights of Union Budget 2014-15

Taxation  highlights:Personal tax exemption limit raised to Rs 2.5 lakh from current Rs 2 lakh for taxpayers below 60 yearsSenior citizens’ tax exemption limit hiked from Rs 2.5 lakh to Rs 3 lakhNo change in surcharge for corporates, individualsEducation Cess to stay at current 3%Investment limit under Section 80C hiked to Rs 1.5 lakh from current […]

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