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Income Tax

Apr 21, 2015 at 16:29 | Source: CNBC-TV18
The revenue department is back in pursuit of Vodafone, and has served a fresh notice over non-filing of tax returns subsequent to divesting 5.6 percent stake in Bharti Airtel in 2007.
Apr 20, 2015 at 10:52 | Source: CNBC-TV18
According to Mayur Shah, executive director-tax & regulatory services, EY, it would be difficult for many companies to keep a track of foreign travel details.
Apr 18, 2015 at 16:43 | Source: CNBC-TV18
The new income tax norms announced by the government will need individuals to submit details of their foreign assets, income from sources outside the country and any foreign trips undertaken, including the expenses borne as well.
Apr 18, 2015 at 10:57 | Source: PTI
In a fresh crackdown on suspected tax evasion and laundering of black money through stock markets, regulator SEBI on Friday barred Mishka Finance and Trading Ltd and 128 other entities from the securities market.
Apr 17, 2015 at 18:45 | Source: CNBC-TV18
Taxpayers will have to disclose all bank accounts held by them in the country and instances of foreign travel to the Income Tax department while filing their returns for the assessment year 2015-16
Apr 17, 2015 at 17:13 | Source: Moneycontrol.com
It is incorrect to believe that money received on sale of an inherited house is fully tax exempt. Though asset received as inheritance is fully exempt from gift tax, amount on sale of such asset is not exempt from tax. It will be taxable under the head capital gains.
Apr 15, 2015 at 17:24 | Source: CNBC-TV18
The Income Tax Department had earlier challenged the Gujarat High Court approved demerger in the Supreme Court. The IT Department claimed loss of capital gains tax of Rs 3,500 crore and stamp duties of Rs 600 crore.
Apr 10, 2015 at 12:36 | Source: PTI
The court also stayed till May 25 proceedings before trial court against Subrata Roy, others, accused of not filing returns for a group company for 2013-14 assessment year.
Apr 10, 2015 at 11:26 | Source: Moneycontrol.com
Mahanagar Telephone Nigam (MTNL) has received Income Tax Refund for the Assessment Year 2006-07 amounting to Rs.129.82 crs. including Rs.21.18 crs. towards interest on refund.
Apr 06, 2015 at 09:46 | Source: Moneycontrol.com
Many fixed income options look attractive with the assured returns feature. However a significant component of the returns may be lost in income tax. It is better to opt for investment options that are tax efficient.
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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

2256 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

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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

New Member

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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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1241 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

Platinum Member

578 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

578 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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