Today (09.09.2009) Cost Inflation index for Financial Year 2009-10 Has been notified.The Index is to be used for the calculation of Long term capital Gain on Capital assets .More over person who has sold their assets in April & looking to invest money in Bonds is looking for this Notification as time limit for investment as per section 54EC is 6month from date of transfer of capital assets which is going to be expire in October 2009 for such persons.
discuss |
tags:
cii 2009-10all |
category:
Business
| Content type:
Text/Pictures
| Add this link to...
| tell a friend | bakwaas Add to:
| my favorites / bookmarks
Ministry of Finance today issued office memorandum no F.No.l/l/2008-IC dated 25.08.2009 wide which it has been notified that second installment of 60% arrears of sixth pay commission be paid to Govt.employee immediately .
Further it is notified that in case of entrants after 01.01.2004 in Govt ,arrears may be released only after individual application forms for registration to the New Pension Scheme have been obtained by the DDO/PAO from the concerned Government servant.read full story
discuss |
tags:
sixth pay commissionall |
category:
News
| Content type:
Text/Pictures
| Add this link to...
| tell a friend | bakwaas Add to:
| my favorites / bookmarks
Good news for every body is that FBT abolished from FY 2009-10 but bad news is that now employees have to pay tax on fringe benefits as perquisites .Even Esop is now less attractive as you have to pay tax on the day of exercise of option itself.I can hope only that new list of perks will be shorter than what it was in FBT and there is no presumption value while adding the perquisites value in Income of the employee read full story
discuss |
tags:
fbt budget 2009all |
category:
LetsDiscuss
| Content type:
Text/Pictures
| Add this link to...
| tell a friend | bakwaas Add to:
| my favorites / bookmarks