Monthly archive

May 2009

Implementation of New TDS Challan No. 17 Deferred

May 13, 2009
Income Tax Department had amended the rules relating the Payment of TDS /TCS vide Notification No.31/2009 dated 25.3.2009 making it mandatory for all to deposit the such taxes through E-payment only from 01.04.2009 onwards.  Further, the challan to deposit the TDS /TCS is also changed by introducing a New Challan

RBI’s special interest rate for exporters till Oct 31

May 4, 2009
RBI Notification.pdf Providing relief to exporters hit by shrinking global demand, the Reserve Bank on Tuesday extended the concessional interest rate scheme by six months till October this year. The ceiling of interest rate on pre-shipment rupee export credit up to 270 days and post-shipment credit up to 180 days