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Income Tax

Dec 19, 2014 at 22:04 | Source: PTI
While Sebi would further probe these cases, it has also decided to refer the matter to the Income Tax Department, Enforcement Directorate, Financial Intelligence Unit, among other agencies, for necessary actions on their part.
Dec 17, 2014 at 18:10 | Source: Moneycontrol.com
This year you have the opportunity to invest up to Rs 1.5 lakh under section 80 C to save income tax as compared to Rs 1 lakh earlier. It makes sense to start working on your investments now than waiting till March.
Dec 16, 2014 at 17:14 | Source: Moneycontrol.com
Very often no tax deducted at source (TDS) is taken to mean no-tax liability, which is a big mistake. Individuals have to include interest paid to them without deducting tax at source to their taxable income. On the total income so arrived, they are supposed to pay income tax depending on their income tax slab.
Dec 16, 2014 at 14:58 | Source: CNBC-TV18
R Varadarajan, MD, Repco Home Finance sees 25-30 percent growth in disbursements for balance of FY15 as well as NIM to remain stable at 4.5 percent.
Dec 16, 2014 at 13:37 | Source: CNBC-TV18
Prime Property brings you a shocking story of a former Chief Engineer with the Noida Authority -- the Income Tax department recovered diamonds worth Rs 100 crore, two kilograms of gold and Rs 10 crore in cash from his residence.
Dec 16, 2014 at 13:23 | Source: Moneycontrol.com
In case of a deceased person, the legal heir of the deceased person has to file income tax return for the financial year
Dec 15, 2014 at 13:08 | Source: CNBC-TV18
The SIT team, lead by MB Shah, submitted a report to the apex court stating that of the 628 names, 201 are non residential Indians (NRIs) that are non-traceable leaving 427 to be assessed as actionable cases by the tax regulator.
Dec 13, 2014 at 12:30 | Source: IBNLive.com
The tax department and other agencies including Enforcement Directorate are probing cases involving unaccounted wealth totalling Rs 14,957.95 crore within India.
Dec 12, 2014 at 01:54 | Source: PTI
The Public Accounts Committee said taxes over Rs 4.08 lakh crore were uncollected in FY 2012 and in FY 2013 the amount was Rs 4.86 lakh crore.
Dec 09, 2014 at 20:21 | Source: CNBC-TV18
The Bombay High Court had in February directed the tribunal to hear both parties expeditiously and pass a ruling at the earliest.
Messages on Income Tax »

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Platinum Member

257675 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

R Jagannathan

Platinum Member

1131 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

Rishabhluck
y

Platinum Member

480 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

uuuthh

Platinum Member

1400 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

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

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

R Jagannathan

Platinum Member

1131 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

pitquote

Platinum Member

591 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

subasu

Platinum Member

551 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

subasu

Platinum Member

551 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

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Dec 19, 2014 at 06:15 | Source: FirstPost