Income Tax
Checklist to File Form 15CA & Form 15CB
Nowadays Form 15CA and 15CB are of a lot importance. We professional atleast have to issue one Form 15CB every day and form 15CA is also to be made…
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Income Tax
Exemption Under Section 54EC Limited to 50 Lacs
Capital Gains Exemption on investment in Specified Bonds Accordingly, It is proposed to insert a proviso in Sub-Section (1) so as to provide th…
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Income Tax
TDS 2% on Non-Exempt payment under Life Insurance Policy w.e.f 01.10.2014
Under the existing provisions of section 10(10D) of the Act, any sum received under a life insurance policy, including the sum allocated by way of …
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Income Tax
Interest on Housing Loan increase to Rs. 200000
The existing provisions contained in section 24 of the Act provide that income chargeable under the head “Income from house property” shall be comp…
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Income Tax
Increase Limit of Deduction Under Section 80C
Under the existing provisions of section 80C of the Act, an individual or a Hindu undivided family, is allowed a deduction from income of an amount…
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A MEMORANDUM - TAX RATES AFTER BUDGET 2014
I. Rates of income-tax in respect of income liable to tax for the assessment year 2014-2015. In respect of income of all categories of assessee…
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BUDGETS EXPECTIONS 2014
The full Budget of 2014-15 is going to be the first official opportunity to implement the economic agenda where in Government will have to do a fin…
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