Income Tax

Jul 29, 2015 at 21:17 | Source: PTI
Committing to improve the quality of service, the Income Tax Department on Wednesday said it has addressed 85 percent of the taxpayers' grievances and is working to improve the systems further.
Jul 28, 2015 at 10:37 | Source: Moneycontrol.com
An individual can file his or her tax return until the completion of two financial years from the end of the financial year for which the return is to be filed.
Jul 24, 2015 at 21:02 | Source: PTI
The high-level Justice A P Shah Committee on Friday submitted a 66-page report to the government on applicability of minimum alternate tax (MAT) on FIIs, an issue which had riled foreign investors.
Jul 23, 2015 at 13:59 | Source: Moneycontrol.com
Profit after tax increased to Rs 40.25 crore in the quarter ended June from Rs 28.15 crore in the year-ago period. Net interest income, the difference between interest earned and interest expended, grew by 25 percent year-on-year to Rs 145.2 crore in the quarter gone by.
Jul 23, 2015 at 09:55 | Source: CNBC-TV18
According to analysts polled by CNBC-TV18, profit after tax is seen rising 4.8 percent year-on-year to Rs 29.8 crore, supported by revenue. Total income from operations may jump 14.7 percent to Rs 772 in the quarter ended June compared to Rs 673 crore in the same quarter last year.
Jul 22, 2015 at 18:07 | Source: PTI
"The company, at that time, had also conveyed the non-executive position of the then promoter of the company. No outcome of such communication have been communicated to the company by the relevant authorities," the filing said.
Jul 22, 2015 at 17:59 | Source: PTI
The group's net profit after taxes, minority interest and share of profit/(loss) of associates in the April-June quarter of last fiscal was Rs 319.37 crore.
Jul 22, 2015 at 13:16 | Source: Moneycontrol.com
TDS on recurring deposits makes investors either submit the exemption forms if there is no taxable income. In case of TDS on RD, they may have to revisit their tax calculations and accordingly pay tax
Jul 21, 2015 at 18:42 | Source: PTI
The firm had a net profit after taxes, minority interest and share of profit of associates at Rs 423.74 crore in the April-June quarter of 2014-15.
Jul 21, 2015 at 15:51 | Source: Moneycontrol.com
After filing income tax returns, you are supposed to get it verified. Earlier it was mandatory to send the physical copies to income tax department, now you can e-verify it in minutes.
Messages on Income Tax »

Web Messenger

Platinum Member

299263 Followers

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

Platinum Member

1331 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 2014

Rishabhluck
y

Platinum Member

475 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 2014

uuuthh

Platinum Member

3151 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

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 2014

R Jagannathan

Platinum Member

1331 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

Platinum Member

618 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 2014

subasu

Platinum Member

601 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

601 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

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.