Section 80TTA Deduction- Interest on Bank savings deposit
Section 80TTA is introduced with effect from April 01, 2013 and will apply from AY 2013-14 and...
Recognition of revenue by developer only on registration of sale deeds wasn't a valid method under sec. 145
Section 145 makes it mandatory on the part of the assessee to follow either cash or mercantile syste...
Life Insurance policies and Income Tax
There are several tax implications when you buy a life insurance policy, let’s have a look. Deduct...
Will the FM raise the Section 80C deduction limit?
Household financial savings are the largest contributor of overall savings in India. The money that ...
Income Tax Benefits from House Property and Loan
Buying a House is nowadays is not easy considering the multifold hikes in property price in last 10-...
Service Tax Applicability on Short Recovery Notice
INTRODUCTION In the present day corporate world, an employee is expected to possess challenging skil...
1st APRIL 2016 – NOT A REALISTIC DATE OF INTRODUCTION OF GST
The concept of Goods and Service Tax in India was first introduced by Mr. P. Chidambaram in his Budg...
Works Contracts under West Bengal VAT Act, 2003
RELIANCE INFRASTRUCTURE LTD Vs DEPUTY COMMISSIONER, SALES TAX West Bengal Value Added Tax Act, 2003 ...
Fixed Deposits : When & How to Pay Income Tax on Interest Income?
Fixed Deposits are a very popular form of savings. Our money is safely kept in FDs, but seldom do we...
5 Best Reasons to Own Gold
Gold is yellow shining metal. Historically gold have outperformed over all other asset class and giv...