It is a tax on Services, levied on the transaction of certain services, mentioned by the Central Government, under the Finance Act, 1994. According to the provisions contained in “Finance Act 1994″. Service tax is a tax on service provided by one person to another. The one who provides the service is called “Service Provider” and the one who receives is called “Service Recipient“.
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Public Provident Funds (PPFs) are one of largly accepted public investment plan. They are not open to the non-individuals such as HUF, Trusts etc. Any resident Indian Individual can open a PPF account and he/she can deposit from a minimum of Rs. 500 to a maximum of Rs. 70,000 per year. The subscriptions made to this fund on or after 1-3-2003 have been covered under 8% rate of return. continue reading…
Post Office Recurring Deposit-5 years:
This deposit scheme accepts deposits from a minimum of Rs.10 per month to no maximum limit, monthly, and higher deposits in multiples of Rs.5 each. An account of denomination of Rs.10 fetches Rs.728.8 on maturity. These are relatively less liquid then the ‘post office saving’ and are payable on maturity. After completion of one year 50% withdrawals are permitted continue reading…
Applicability: It is applicable to every establishment which employed 20 or more than 20 workers. However the central Government has the right to apply the act to any establishment where less than 20 workers are employed. However for Co-operative societies the number of employees limits are 50. Once this act is applicable it remains applicable even if the number of employees reduces. continue reading…
Organisations invest millions of rupees each year in automating their business processes and operations. Consequently, electronic documentation is being brought into industrial practice by organizations ranging from healthcare, engineering, government and computer sciences and the entire workflow is documented in electronic form and a hard copy is printed only when a signature approval is required on a document, in physical steering for signatures. continue reading…
There are many types of investments prevalent in investment market. Almost of them will certify a protected and guaranteed financial future. Although, making Investment may not be a rocket science, it’s surely a science as well as an art; it takes time, effort, and patience to produce positive results. Let us learn the various types of investments on the basis of relevant factors affecting investments, mainly return and risk relationship, continue reading…
| Silver Yearly Rates | ||||||
|---|---|---|---|---|---|---|
| Date | Rate (in Rs.) per 1 kg | % + / – from Last Year | Date | Rate (in Rs.) per 1 kg | % + / – from Last Year | |
| 01-04-1981 | 2715 | - | 31-3-1997 | 7345 | -0.01% | |
| 31-3-1982 | 2680 | -1.29% | 31-3-1998 | 8560 | 16.54% | |
| 31-3-1983 | 3105 | 15.86% | 31-3-1999 | 7615 | -11.04% | |
| 31-3-1984 | 3570 | 14.98% | 31-3-2000 | 7900 | 3.74% | |
| 31-3-1985 | 3955 | 10.78% | 31-3-2001 | 7215 | -8.67% | |
| 31-3-1986 | 4015 | 1.52% | 31-3-2002 | 7875 | 9.15% | |
| 31-3-1987 | 4794 | 19.40% | 31-3-2003 | 7695 | -2.29% | |
| 31-3-1988 | 6066 | 26.53% | 31-3-2004 | 11770 | 52.96% | |
| 31-3-1989 | 6755 | 11.36% | 31-3-2005 | 10675 | -9.30% | |
| 31-3-1990 | 6463 | -4.32% | 31-3-2006 | 17405 | 63.04% | |
| 31-3-1991 | 6646 | 2.83% | 31-3-2007 | 19520 | 12.15% | |
| 31-3-1992 | 8040 | 20.98% | 31-3-2008 | 23625 | 21.03% | |
| 31-3-1993 | 5489 | -31.73% | 31-3-2009 | 22165 | -6.18% | |
| 31-3-1994 | 7142 | 30.11% | 31-3-2010 | 27255 | 22.96% | |
| 31-3-1995 | 6335 | -11.30% | 31-3-2011 | 56900 | 108.77% | |
| 31-3-1996 | 7346 | 15.96% | ||||
List of Gold Rates (24 Carats) |
|||||
| Date | Rate per 10 grams (Rs.) | % of +/- from last Year | Date | Rate per 10 grams (Rs.) | % of +/- from last Year |
|---|---|---|---|---|---|
| 01-04-1981 | 1670 | - | 31-3-1997 | 4725 | -8.43% |
| 31-3-1982 | 1645 | -1.50% | 31-3-1998 | 4045 | -14.39% |
| 31-3-1983 | 1800 | 9.42% | 31-3-1999 | 4235 | 4.70% |
| 31-3-1984 | 1975 | 9.72% | 31-3-2000 | 4380 | 3.42% |
| 31-3-1985 | 2130 | 7.85% | 31-3-2001 | 4190 | -4.34% |
| 31-3-1986 | 2140 | 0.47% | 31-3-2002 | 5010 | 19.57% |
| 31-3-1987 | 2570 | 20.09% | 31-3-2003 | 5310 | 5.99% |
| 31-3-1988 | 3130 | 21.79% | 31-3-2004 | 6065 | 14.22% |
| 31-3-1989 | 3140 | 0.32% | 31-3-2005 | 6180 | 1.90% |
| 31-3-1990 | 3200 | 1.91% | 31-3-2006 | 8490 | 37.38% |
| 31-3-1991 | 3466 | 8.31% | 31-3-2007 | 9395 | 10.66% |
| 31-3-1992 | 4334 | 25.04% | 31-3-2008 | 12125 | 29.06% |
| 31-3-1993 | 4140 | -4.48% | 31-3-2009 | 15105 | 24.58% |
| 31-3-1994 | 4598 | 11.06% | 31-3-2010 | 16320 | 8.04% |
| 31-3-1995 | 4680 | 1.78% | 31-3-2011 | 20775 | 27.30% |
| 31-3-1996 | 5160 | 10.26% | |||
| Sr. No. | Financial Year | CII | Sr. No. | Financial Year | CII |
|---|---|---|---|---|---|
| 1 | 1981 – 82 | 100 | 18 | 1998 – 99 | 351 |
| 2 | 1982 – 83 | 109 | 19 | 1999 – 00 | 389 |
| 3 | 1983 – 84 | 116 | 20 | 2000-01 | 406 |
| 4 | 1984 – 85 | 125 | 21 | 2001-02 | 426 |
| 5 | 1985 – 86 | 133 | 22 | 2002-03 | 447 |
| 6 | 1986 – 87 | 140 | 23 | 2003-04 | 463 |
| 7 | 1987 – 88 | 150 | 24 | 2004-05 | 480 |
| 8 | 1988 – 89 | 161 | 25 | 2005-06 | 497 |
| 9 | 1989 – 90 | 172 | 26 | 2006-07 | 519 |
| 10 | 1990 – 91 | 182 | 27 | 2007-08 | 551 |
| 11 | 1991 – 92 | 199 | 28 | 2008-09 | 582 |
| 12 | 1992 – 93 | 223 | 29 | 2009-10 | 632 |
| 13 | 1993 – 94 | 244 | 30 | 2010-11 | 711 |
| 14 | 1994 – 95 | 259 | 31 | 2011-12 | 785 |
| 15 | 1995 – 96 | 281 | |||
| 16 | 1996 – 97 | 305 | |||
| 17 | 1997 – 98 | 331 |
What is service Tax?
It is a tax on Services, levied on the transaction of certain services, mentioned by the Central Government, under the Finance Act, 1994. According to the provisions…
How to calculate Loss/Income from House Property India?
The Income / loss from a House Property in India is calculated as per the provisions of Income Tax Act, and it is…
What is capital gain?
The Term ‘Capital Gain’ finds it’s application in Income Tax Act. Income earned as gain on sale of asset is taxed under the provisions of Income Tax…
Employee Provident Fund
Applicability: It is applicable to every establishment which employed 20 or more than 20 workers. However the central Government has the right to apply the act to any…
Organisations invest millions of rupees each year in automating their business processes and operations. Consequently, electronic documentation is being brought into industrial practice by organizations ranging from healthcare, engineering, government…
Depreciation Rates as per Income Tax Act fot Assessment Year 2012-13
Reference the study on Depreciation in the previous article, we are providing a table on various Depreciation Rates, as per…
There are many types of investments prevalent in investment market. Almost of them will certify a protected and guaranteed financial future. Although, making Investment may not be a rocket science,…
Tax Deduction at Source (TDS) rates applicable to Financial Year 2011-12 (assessment Year 2012-13) are following:
Know More about Tax Deduction at Source
*Note: Single payment / credit more than Rs.…
List of Gold Rates (24 Carats)
Date
Rate per 10 grams (Rs.)
% of +/- from last Year
Date
Rate per 10 grams (Rs.)
% of +/- from last Year
01-04-1981
1670
-
31-3-1997
4725
-8.43%
31-3-1982
1645
-1.50%
31-3-1998
4045
-14.39%
31-3-1983
1800
9.42%
31-3-1999
4235
4.70%
31-3-1984
1975
9.72%
31-3-2000
4380
3.42%
31-3-1985
2130
7.85%
31-3-2001
4190
-4.34%
31-3-1986
2140
0.47%
31-3-2002
5010
19.57%
31-3-1987
2570
20.09%
31-3-2003
5310
5.99%
31-3-1988
3130
21.79%
31-3-2004
6065
14.22%
31-3-1989
3140
0.32%
31-3-2005
6180
1.90%
31-3-1990
3200
1.91%
31-3-2006
8490
37.38%
31-3-1991
3466
8.31%
31-3-2007
9395
10.66%
31-3-1992
4334
25.04%
31-3-2008
12125
29.06%
31-3-1993
4140
-4.48%
31-3-2009
15105
24.58%
31-3-1994
4598
11.06%
31-3-2010
16320
8.04%
31-3-1995
4680
1.78%
31-3-2011
20775
27.30%
31-3-1996
5160
10.26%
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