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Income Tax

May 31, 2016 at 21:32 | Source: PTI
India Tourism Development Corporation (ITDC) reported an 18 percent decline instandalone net profit at Rs 18.07 crore for the March quarter
May 31, 2016 at 19:36 | Source: PTI
Payment in cash for buying goods and services worth more than Rs 2 lakh with the exception of jewellery will attract 1 per cent tax collected at source (TCS) from June 1
May 31, 2016 at 14:18 | Source: PTI
The 4-month disclosure window giving an opportunity to domestic black money holders to come clean by paying tax and penalty of 45 percent on such assetswill open on June 1
May 31, 2016 at 08:24 | Source: PTI
The four-month window under the Income Declaration Scheme 2016, which opens on June 1, allows domestic black money holders to declare their ill-gotten wealth by paying a tax and penalty totaling 45 percent.
May 30, 2016 at 20:56 | Source: PTI
Shree Renuka Sugars on May 30 posted a huge jump in its net profit at Rs 220.20 crore for the quarter ended on March 31, on account of higher income and tax credit
May 30, 2016 at 20:54 | Source: PTI
No tax would be deducted at source for PF withdrawals of up to Rs 50,000 from June 1.
May 30, 2016 at 08:14 | Source: PTI
Consolidated total income stood at Rs 1,298.75 crore for the quarter under consideration as against Rs 864.86 crore in the year-ago period.
May 27, 2016 at 17:34 | Source: PTI
Gearing up to roll out the General Anti-Avoidance Rule (GAAR) from April next to check tax evasion through overseas jurisdictions, the CBDT on May 27 initiated a consultation process with general public and all stakeholders on provisions of the new regime
May 27, 2016 at 17:14 | Source: PTI
CBDT has extended the time limitfor e-filing of the first appeal before a tax officer by amonth to June 15 after taking cognisance of complaints made bytaxpayers in complying with the exercise, operationalised forthe first time this year.
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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1507 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

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472 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

6608 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

Platinum Member

1507 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

680 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

680 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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