Don't Worry , Be Happy !
Apart from the bullion and jewelry , Finance Bill 2012 ( Budget 2012-13 ) has proposed to impose the tax at source (TCS ) provision under Income Tax Act on coal, lignite and iron ore trade . This is done by inserting amendment in section 206C of the Income Tax Act . This budget 2012-13 [...]
Another payment is under TDS net now . Finance Bill 2012 presented by Finance Minister while presenting Budget for FY 2012-13 has brought another bad news for directors of companies who , till now were enjoying TDS free remuneration under the arguments that the directors are not the employees of the company as such the [...]
The government in order to fight the black money , has tried to plugged the black money conversion loopholes in law .One of the very old method is investment in bullion and jewellary in cash . Finance Bill 2012 has inserted provision effective from 01/07/2012 which require that to be collected at source by the [...]
Budget 2012-13 has a very strong provision for curbing black money practices. One of the easiest way to convert black money to white was through share premium of private limited companies which used to create a company, accepting huge premium on a very small paid up capital and then selling the company at very small [...]
TDS on property sale is another bad news out of Budget 2012 proposals . The earlier bad news from Budget 2012 was about imposition of Alternate Minimum Tax on almost everyone.Now , the fine print of Finance Bill 2012 shows that government has provided by inserting section 194LLA effective from 1st October 2012 that every [...]
A video reports on tax planning by US based corporate to shift their office elsewhere in other … [Read More...]
Deduction u/s 80E of the Income Tax Act is allowed to individuals who takes education loans for … [Read More...]
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