TAN – Facts you should know

26 jul 2007

TAN or Tax Deduction and Collection account number is a unique ten digit alpha-numeric number required to be compulsorily obtained by all persons who are responsible for deducting or collecting tax at source on behalf of Income Tax Department.

Taxpayers can heave a sigh of relief

13 jul 2007

Satisfied with the direct tax collections for the first quarter and confident of achieving the set targets, tax authorities are in the seventh heaven. They are unlikely to resort to the most dreaded measures of income surveys, searches and raids thereby giving good relief to taxpayers.

Micro-Insurance – Gateway to rural upliftment

07 jun 2007

70% of Indian population resides in the rural area but they have negligible insurance coverage. Thus it opens a huge opportunity for insurance marketers of micro-insurance products. Micro-insurance is a form of finance designed to suit the needs of rural people who do not have access to conventional forms of insurance.

Living in Paradise to get costlier, Jammu & Kashmir to levy Service Tax

01 jun 2007

The State of Jammu & Kashmir so far, exempted from the clutches of service tax, will soon have 14 services under the tax net. As per the reports, a flexible service tax law conducive to the State would be enacted, which will come into force within a year.

Renting a commercial property, just stop and think!

19 may 2007

With the imposition of service tax on commercial rentals by the government, your hopes of opening up a new commercial project on rent will surely burn a finger in the pocket.

Real Estate Bubble – Has it inflated or bursted?

19 may 2007

The Indian Real Estate sector is facing a downturn at the moment, after most analysts comparing the rise in property prices to the dotcom boom of 2000, the question now on everyone’s mind is what next lies ahead?