TDS on Big Transporters proposed to be levied wef 01.06.2015
Under the existing provisions of section 194C of the Act payment to contractors is subject to tax de...
Tax benefits on Health Insurance
Here are the details of tax benefits in Budget 2015 when you purchase health insurance. These are ap...
Service tax rise from 12.36% to 14% how it will affect your household budget
Budget 2015-16 was real disappointment to common man. Finance minster has given very small income ta...
Save tax by gifting money to your Adult Child
Your adult children can help you save tax. Gifts (including money) to an adult child are exempt from...
Budget 2015-16 may hike IT Exemption Limit to 5 Lacs
Recently “The Financial Express” has published an article about Personal Income Tax Exem...
Income Tax Expectations: Here's What India Wants
A survey carried out by industry body Assocham has found that a majority of salaried employees want ...
High Court Verdict On Taxability Of Development Agreements + Buy-Back Of Shares Expenditure
CIT vs. Chemosyn Ltd (Bombay High Court) (i) Even if gains have accrued on execution of the developm...
Leave Travel Allowance – TAXABILITY
LEAVE TRAVEL ALLOWANCE [ SEC-10(5)] MEANING : LTA may be provided by the employer to the emplo...
My only income is from selling shares, do I need to pay tax?
We all know that Income from salary, rental income and business income is taxable. But what about in...
Expense before 1.4.2013 shall be disallowed if TDS not deducted
Recently in Thomas George Muthoot vs. Assistant Commissioner of Income Tax, it was held that the ass...