Category: INCOME TAX
Capital gains in respect of units of Mutual Funds under the Fixed Maturity Plans on extension of their term
Capital gains in respect of units of Mutual Funds under the Fixed Maturity Plans on extension of their term:-
F. No. 133/39/2014-TPL
Government of [...]
TDS on Recurring Deposits from June 1
TDS on recurring deposits from June 1 force investors to close down deposits prematurely
NEW DELHI: Days after the Budget announced that tax deduc [...]
Details of provision for Income Tax, TDS, Exemption limit in Budget 2015-16 – Finance Bill 2015
FINANCE BILL, 2015
PROVISIONS RELATING TO DIRECT TAXES
Introduction
The provisions of the Finance Bill, 2015 relating to direct taxes seek to [...]
No Change in the Rate of Personal Income-Tax and The Rate of Tax for Companies on Income in Financial Year 2015-16
Press Information Bureau
Government of India
Ministry of Finance
28-February-2015 13:07 IST
No Change in the Rate of Personal Income-Tax and The [...]
Personal Income Tax exemption may go up to Rs 5 lakh: Financial Express
Personal Income Tax exemption may go up to Rs 5 lakh
The Budget FY16 may carry an assurance, possibly fortified by a new insertion into the Income Tax [...]
Income Tax Expectations – Assocham Survey: Here’s What India Wants
Income Tax Expectations: Here's What India Wants - NDTV
A survey carried out by industry body Assocham has found that a majority of salaried employe [...]
Budget 2015: Income tax expectations for the salaried from PM Narendra Modi’s government
Budget 2015: Income tax expectations for the salaried from PM Narendra Modi's government
The Narendra Modi government is all set to present its s [...]
Chargeability of Interest on self-assessment tax paid before the due date of filing of return of income
Chargeability of Interest on self-assessment tax paid before the due date of filing of return of income-
Circular 2/2015
F. No. 385/ 03 /2015-IT(B) [...]
Standard Operating Procedure for Prosecution in Cases of TDS/TCS Default
STANDARD OPERATING PROCEDURE FOR PROSECUTION IN CASES OF TDS/TCS DEFAULT
Introduction:
1.1 As per the Income Tax Act, all cases where TDS/TCS is de [...]
What not to do for tax exemptions, deductions to stay
What not to do for tax exemptions, deductions to stay: Financial Express
The Income tax Act, 1961 (the Act), provides for certain deductions [...]