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Income Tax

Jun 02, 2015 at 10:34 | Source: Moneycontrol.com
Now the taxpayers will be issued a one time password on their mobile phones, which can be used to complete the procedure of tax filing online and there will not be any need to send tax returns physically.
May 29, 2015 at 18:33 | Source: CNBC-TV18
Reliance Communications's fourth quarter profit after tax is expected to jump 34.2 percent sequentially to Rs 270 crore and total income is seen rising 2.4 percent to Rs 5,600 crore, according to a CNBC-TV18 poll.
May 29, 2015 at 12:46 | Source: Moneycontrol.com
Most brokerages feel that no announcement of any price hike is a dampener. Coal India missed street estimates with the fourth quarter net profit falling 4.4 percent year-on-year to Rs 4,238.5 crore due to higher tax cost and lower other income.
May 29, 2015 at 11:47 | Source: Moneycontrol.com
Finance Minister has provided for an additional deduction of Rs. 50,000/- for contribution towards NPS account. This is in addition to the existing limit of Rs 1,50,000
May 29, 2015 at 11:19 | Source: CNBC-TV18
Berger Paints's fourth quarter consolidated profit after tax may jump 29.7 percent year-on-year to Rs 71.8 crore, according to a CNBC-TV18 poll. Total income is seen rising 8.4 percent to Rs 1,047 crore from Rs 966 crore during the same period.
May 29, 2015 at 10:58 | Source: CNBC-TV18
Bharat Electronics's fourth quarter profit after tax is expected to fall 11.7 percent year-on-year to Rs 586 crore, according to a CNBC-TV18 poll. Total income is seen declining 8 percent to Rs 2,880 crore from Rs 3,131 crore during the same period due to customer led execution delays.
May 29, 2015 at 10:06 | Source: Moneycontrol.com
Equity Mutual Funds declined as the market ended May F&O series flat on a corporate earnings heavy day.
May 28, 2015 at 16:57 | Source: Moneycontrol.com
Oil and Natural Gas Corporation (ONGC) missed street expectations on Thursday with the fourth quarter net profit falling 19.5 percent year-on-year to Rs 3,935 crore. Slow growth in revenue, and higher tax burden, statutory levies & other expenses impacted the bottomline but other income supported.
May 27, 2015 at 18:42 | Source: PTI
The company has received a notice from the Ministry of Corporate Affairs for an inspection... of the books of accounts and other books of the company, USL said in a filing to BSE.
May 26, 2015 at 22:06 | Source: PTI
The Income Tax Department should adopt a responsive taxpayer-centric regime and focus on dealing with the menace of both domestic as well as overseas black money, Revenue Secretary Shaktikanta Das has said.
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 2014

R Jagannathan

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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 2014

Rishabhluck
y

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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 2014

uuuthh

Platinum Member

2601 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 2014

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 2014

raviusha_12
3

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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 2014

R Jagannathan

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1269 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 2014

pitquote

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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 2014

subasu

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587 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 2014

subasu

Platinum Member

587 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 2014

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