Tax on capital gains payable while filing IT return
Gold ETFs are listed on stock exchanges and can be traded just like a stock. One can buy and sell th...
Budget 2015: Income of salaried individuals may increase
It’s that time of the year again when the salaried workforce of India is rushing to submit its...
Income Tax department gives relief on payments to expats
The income tax department has provided relief in certain cases where tax has not been withheld when ...
Tax benefits, duty cuts top industry wish list
As the Budget day approaches, various sectors are lobbying hard for tax benefits and duty cuts while...
Corporate Tax Should Have Slabs Like Income Tax
Finance Minister Arun Jaitley would do well to introduce slabs in corporate tax, similar to personal...
Privacy of taxpayer must be respected: CBDT
SECTION 138 OF THE INCOME-TAX ACT, 1961 – DISCLOSURE OF INFORMATION RESPECTING ASSESSEES TO SPECIF...
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 ...