Don't Worry , Be Happy !
Income tax refund problems are plenty for ordinary tax payers. Someone has not received , while someone did not receive because when he /she was not at house refund had come and returned unserved. Few tax payers finds that cheuqe date has crossed the the three month period , and therefore bank has returned the...
Income Tax Act provides deductions exclusively to authors who earns royalty on books . These deductions are provided under section 80QQA and 80QQB of the I.T.Act . While the provision u/s 80QQA is for deduction of 25 % on income for writing of text books for college or university , the deduction u/s 80QQB is...
Exemption u/s 54 from long term gains on sale of any kind of asset is allowed under section 54 or 54F if the sale proceeds are used for investment in new residential house. There are certain other conditions which are also required to be fulfilled.However, one conditions which is totally missing in either section 54...
Non Resident investor enjoy ! The Finance Act 2012 has brought a great tax relief for all non resident investors who have private limited company or closely held public company shares or have invested in debentures or bonds . This is because any sale of unlisted shares,bonds or debentures or marketable securities, after 01/04/2012 will...
There seems tough time ahead for tax payers as the CBDT has reduced the the amount of Rs 1 lakh to Rs 5000 for giving credit of TDS without verification . Thus problem of mismatch of TDS claim and actual TDS reflected as per 26AS statementwhich is actually given credit by the Income Tax department...
Deduction u/s 80D of the Income Tax Act provides relief to tax payer by allowing a deduction in … [Read More...]
The proposal of Cyprus government to impose a 7.5% tax on all money kept in fixed deposits in the … [Read More...]
Monthly Subscription
Annual
Semi Annual Subscription
Quiz for CA/ICMA/CS Students