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Income Tax

Aug 28, 2014 at 17:32 | Source: PTI
The four-member committee will be headed by the Joint Secretary of the Foreign Tax and Tax Research-I unit of the CBDT. It will decide on such cases within of 60 days of receiving them from the Assessing Officer.
Aug 27, 2014 at 10:05 | Source: Moneycontrol.com
Equity Mutual Funds ended in red as the markets consolidate on Tuesday, as investors remained cautious after Supreme Courts verdict on coal block allocation case.
Aug 24, 2014 at 18:51 | Source: PTI
Sebi also said that income tax would be deducted at source, wherever applicable, unless it receives necessary documents for claim of tax exemption along with the refund application.
Aug 24, 2014 at 18:28 | Source: PTI
The taxman, simultaneously, has also initiated action to know the "source of income" of these entities so that any other instance of tax evasion linked to these accounts could be unearthed.
Aug 22, 2014 at 19:13 | Source: Moneycontrol.com
The budget has provided several benefits for individuals but there are some smaller details that every individual needs to look at.
Aug 22, 2014 at 18:41 | Source: CNBC-TV18
CBDT chairman KV Chowdary said the department is aiming to recover the tax and a penalty might be imposed as well.
Aug 22, 2014 at 17:44 | Source: PTI
KV Chowdary, Chairman of CBDT said the net income tax collection during the first four months stood at over Rs 1.51 lakh crore after accounting refunds of nearly Rs 54,000 crore
Aug 19, 2014 at 16:35 | Source: Moneycontrol.com
There are constant changes that are taking place on the Income Tax front and another such change has been the introduction of a new application form for getting the Permanent Account Number (PAN).
Aug 19, 2014 at 15:14 | Source: Moneycontrol.com
Saving tax often becomes an obsession. The basic purpose of an insurance policy is forgotten and it is used only as a tax saving tool.
Aug 12, 2014 at 10:21 | Source: Moneycontrol.com
Equity Mutual Funds closed with positive returns as the markets ended higher on positive global cues and short covering on Monday.
Messages on Income Tax »

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Budget  

Source:NDTV Profit - Finance Minister Arun Jaitley is expected to double exemption limit on long-term financial savings to ease tax burden on the middle class in his maiden budget on Thursday, sources told NDTV. Currently, the income tax exemption limit on such savings is ...

12.27 PM Jul 8th

R Jagannathan

Platinum Member

1006 Followers

Budget  

of my hat on this front. Taxation should be stable and predictable, and not yo-yo from year to year. This has largely been the case over the last few years, but in future we will have even stabler regimes. My proposals in terms of individual income tax are the following. The basic exemption rate

11.22 AM Jul 8th

Rishabhluck
y

Platinum Member

474 Followers

Indian indices  

in the Form 16 from your employer with the details in the Form 26AS. If your bank or bond issuer has deducted tax on the interest income, it would be in this statement. You can access the Form 26AS on the Income Tax department`s e- filing portal. Via continue

8.03 PM Jul 7th

uuuthh

Platinum Member

630 Followers

Indian indices  

Big tickets that would continue the bullish rally in Nifty Good news for some sectors: # Oil and Gas sector - Phased reduction in LPG/Kerosene subsidy # Tax slabs - Income tax slabs to be raised from 2,00,000rs. to 3,00,000rs. # Mortgage tax break - Raise current limit of 1,50,000rs to 3,00,000rs.

5.27 PM Jul 7th

Other Market Topics  

Wow! In a country that requires taxes to be paid for up-liftment from every angle; Education, medical facilities, housing / hostel facilities for the under-priviliged to list a few; you are suggesting abolishing all other taxes other than Income Tax as well as increasing the limits of deductions

2.20 PM Jul 7th

raviusha_12
3

New Member

0 Follower

Budget  

reduce income tax to induvidal and attract more poeple file their tax returns.try to reduce subsidy for petrolium products.help farmers give them low interest .

2.14 PM Jul 7th

R Jagannathan

Platinum Member

1006 Followers

Budget  

years, and the rates can be raised after that. If the law works well, over time the estate duty can be raised to the same level of the highest income tax rate – currently 30 percent. #4: Most importantly, the estate duty should not be judged by the amount of revenue collected, but whether

12.54 PM Jul 7th

pitquote

Platinum Member

520 Followers

Just Posted  

budget: do not expect great things in the budget. there will be no relief on income tax for individuals power cost will go up to adjust cost of production- watch out for distribution companies gas price for domestic use will go up- petroleum companies will benefit IN GENERAL: THERE WILL NOT BE EVEN

11.11 AM Jul 7th

subasu

Platinum Member

520 Followers

Tax Planning & Help  

If you have receipts issued by the landlord over a stamped receipt, yes, you can claim the amount allowed as per section 80GGA of Income Tax Act. It is upto the income tax officer to accept it or not!

10.24 AM Jul 7th

subasu

Platinum Member

520 Followers

Tax Planning & Help  

Rs. 4 lacs will earn an interest of (maximum) Rs. 40,000. No. She does not have to pay any income tax.

10.23 AM Jul 7th

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Aug 28, 2014 at 17:47 | Source: Economic Times
Aug 27, 2014 at 14:10 | Source: FirstPost
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