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Income Tax

Jul 26, 2016 at 19:10 | Source: PTI
The personal finance advisory platform, News Corp-owned BigDecisions.com, also said around 90 percent of the middle-class people surveyed are not able to benefit adequately from IT deductions under Section 80C of the Income-Tax Act.
Jul 25, 2016 at 12:05 | Source: Moneycontrol.com
Depending on your source of income, you will have to use the right form while filing income tax returns.
Jul 23, 2016 at 12:18 | Source: PTI
"GOMP (Government of Madhya Pradesh) and GOI (Government of India) includes my name, my brother's name, my son's name in BPL! We all are income tax payees," Singh tweeted this morning before heading for Goa where he is scheduled to attend the coordination committee meeting of the local Congress unit.
Jul 22, 2016 at 18:18 | Source: PTI
A bench of Justices S Muralidhar and Najmi Waziri said, "Considering the quantum of the demand, the court is not inclined to interfere with the order." "What is the difficulty in paying Rs 7.5 crore?" the court asked Vodafone and added that it was a small amount for the telecom major.
Jul 22, 2016 at 17:46 | Source: PTI
He said the tax department had conducted searches and surveys at various premises of assessees engaged in the business of pulses.
Jul 22, 2016 at 16:53 | Source: Housing.com/news
Until a few decades ago, Indians were generally averse to taking loans to buy or construct their homes and would use their retirement funds for the same. However, with increasing urbanisation, easy availability of R
Jul 22, 2016 at 15:26 | Source: PTI
As part of enforcement measures the department has conducted searches in 990 groups of assessees during the last two years (2014-15 and 2015-16), seizing undisclosed assets worth Rs 1,474 crore, he said in a written reply to a question in the Lok Sabha.
Jul 22, 2016 at 08:22 | Source: Moneycontrol.com
Income tax returns must be verified after submission. This process means signing a physical copy of your ITR-V and sending it via speed post to CPC, Bengaluru. You can choose any of these means to verify your tax return and skip sending the physical copy of ITR-V.
Jul 21, 2016 at 17:15 | Source: Housing.com/news
According to Indian tax laws, an assessee is entitled to claim exemption on long-term capital gains tax, on sale of a property or any other asset, if s/he purchases a residential house. However, there R
Jul 21, 2016 at 17:05 | Source: CNBC-TV18
The department has retrieved information on 90 lakh high-value transactions where PAN has not been quoted from FY10 till now. Within that, 7 lakh high-risk clusters having 14 lakh non-PAN transactions have been identified, sources say.
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

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6663 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

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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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1535 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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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

685 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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