Mar 10, 2014 at 17:23 | Source: Moneycontrol.com
The income earned in a year, is taxable in the following year. For tax purposes, the year in which income is earned is known as previous year and the following year in which it is assessed and considered taxable, is known as assessment year.
Mar 06, 2014 at 18:57 | Source: Moneycontrol.com
Known for their films that rake big bucks at the box-office window, Bollywood actors are also often among the top tax-paying citizens of the country
Mar 04, 2014 at 08:28 | Source: Reuters
The proposal to expand one of the most popular US government poverty reduction programs, the Earned Income Tax Credit, would cost USD 60 billion, a modest amount in a budget in which the president has USD 1.014 trillion in spending to parcel out, the White House said.
Mar 03, 2014 at 17:13 | Source: Moneycontrol.com
An individual / HUF can save taxes up to Rs.30,900/- for taxable income up to Rs 1 crore in FY 2013-14. Tax savings would be Rs.33,990/- in case the taxable income exceeds Rs 1 crore.
Mar 03, 2014 at 16:53 | Source: Moneycontrol.com
Benjamin Franklin, one of the Founding Fathers of the US, had said, "In this world nothing can be said to be certain, except death and taxes." Now that tax season is upon us, we look at some unusual taxes that have been levied and are still being levied in different parts of the world
Mar 03, 2014 at 13:22 | Source: Moneycontrol.com
Balwant Jain, CFO, Apnapaisa.com explains which perquisites are exempted from income tax.
Mar 03, 2014 at 12:45 | Source: Moneycontrol.com
According to Balwant Jain of Apnapaisa.com, at any given point of time you can file income tax returns for two immediate preceding financial year completed.
Mar 03, 2014 at 12:43 | Source: Moneycontrol.com
According to Balwant Jain of Apnapaisa.com, if you feel that you are income is not going to be taxable then you can furnish Form 15G or 15H if you are a senior citizen before the bank credits the interest to your account.
Mar 03, 2014 at 12:42 | Source: Moneycontrol.com
According to Balwant Jain of Apnapaisa.com, it is in your interest to keep on filing your income tax returns even if in any particular year your income is not taxable.
Mar 03, 2014 at 09:40 | Source: Moneycontrol.com
Vardhman Textiles has received an assessment order under section 143(3) of Income Tax Act for assessment year 2011-12 (relevant for financial year 2010-11) along with a demand notice for Rs 97.64 crore.