admin Income-tax Act, 1961 March 16, 2016 Calculation of Interest u/s 234A, 234B, 234C & 234D The Income Tax provides for charging on interest for non – payment / short payment/ deferment ... Read More
admin Income Tax Department June 15, 2015 What is Interest under section 234D? Do you see interest charged under section 234D where your income has been assessed by the IT Departm... Read More
admin Interest, NRE Deposits, NRI May 27, 2015 Interest on NRE Deposits is taxable for Residents For an NRI, interest earned on NRE deposits is exempt from tax in India. So long as you continue to ... Read More
admin Interest, TDS April 28, 2015 How to Calculate interest on delay TDS Payment Sometimes Deductor deposit TDS after the due date without Interest, hence when return processed, dem... Read More
admin Income Tax, Interest April 24, 2015 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,... Read More
admin Income Tax, Income Tax Deductions February 9, 2015 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... Read More
admin Income Tax Deductions January 7, 2015 Can you claim Deduction under Section 80EE in Financial Year 2014-15? There are several tax savings that come when you buy a house. Section 80EE is one of them. Section 8... Read More
admin income tax return, Interest Income November 19, 2014 Why Interest under section 234B & 234C is charged in my Income Tax Return? At the time of return filing, when there is tax payable in your return, do you sometimes see there i... Read More
admin CBDT September 22, 2014 Gujarat High Court directs CBDT to extend due date for filing of ITR to 30-11-2014 subject to Sec. 234A interest The CBDT vide Order [F.NO.133/24/2014-TPL], dated 20-8-2014 had extended the due date for filing o... Read More
admin TDS June 2, 2014 TDS Credit-Interest and Cost Payable Assessee cannot be denied credit for TDS on the ground of Form 26AS mismatch because he is not at fa... Read More