Do banks charge 10 % TDS on interest income on income above Rs 10,000 or on the entire interest income?
Anurag has recently started investing in fixed deposits. Anurag is unsure whether any TDS will ...
GST Amendment Bill, 2014
BRIEF POINTS/OBJECTS OF GST AMENDMENT BILL, 2014 (a)The constitutional (One Hundred and tw...
Can I claim renovation expenses as a deduction while calculating capital gains?
At the time of calculating capital gains, expenses incurred towards renovation or cost of improvemen...
How to Calculate interest on delay TDS Payment
Sometimes Deductor deposit TDS after the due date without Interest, hence when return processed, dem...
STORY OF INDIAN GST
2004 : Dr. Kelkar force recommended the need of a national GST Jan 2007: 1st ...
HC : Land transfer in 'works contract' non-taxable; Reads down 'deductions' for "price" calculation
P&H HC upholds constitutional validity, but reads down Rule 25(2) of Haryana VAT Rules, holds th...
ANALYSIS OF INTEREST ON HOUSING LOAN DEDUCTION
In the recent Finance Act, 2014, the deduction limit for housing loan has been enhanced to Rs. 2,00,...
Undisclosed Foreign Income and Assets Bill – going after penalties or compliance
The black money issue received centre stage in Modi’s speeches and was indeed bedrock of his victo...
ANALYSIS OF SECTION 80C DEDUCTION
Section 80C deduction is best source of tax planning, which also motivates individuals to save for t...
Transport Allowance doubled, also for the differently abled
Transport allowance is paid to an employee for the purpose of commuting between the place of residen...