Don't Worry , Be Happy !
A very common question in mind of flat buyers rises at the time of sale of flat is -Which date–allotment date or Possession or Registration of Flat – should be taken for capital gains purpose because if the flat is Short Term Capital asset much higher tax is payable and no scope for availing exemption...
Maitreyee Narayansing Rajaput, Arti Jain and Charmy Suresh Sheth, the three young women have made history by sweeping the top three all-India positions in this year’s chartered accountancy exam. The top rank has been bagged by 21-year-old Maitreyee Narayansing Rajaput of Pune. The second rank went to Arti Jain of Bikaner, while Charmy Suresh Sheth [...]
The issue before Delhi High Court in CIT vs Tata SSL Ltd. dt 8 June 2011 was “Whether one time payment made to Mahanagar Gas Ltd. by the assessee company towards CNG connection charges even though such payment was made as capital contribution towards cost of service meter, twin steam engine regulator, meter regulating station...
The Union Cabinet approved the creation of seven posts of ‘Indirect Tax Ombudsmen’ to redress of grievances over customs, excise and service taxes.The ombudsman offices are initially to be set up in Delhi, Mumbai, Kolkata, Chennai, Bangalore, Ahmedabad and Lucknow.The creation of posts of Ombudsman was long overdue for indirect taxes because for income tax [...]
The Mumbai Income tax department is looking at raising an additional Rs 1000 crores revenue this quarter, courtesy real estate companies. The department has written to MMRDA and CIDCO stating that all land lease sales or transfers attract a 10% tax and tax on land lease transfers is an obligation on the payee and will [...]
The tax deduction u/s 80DDB of the Income Tax Act provides relief to tax payers who are individual … [Read More...]
PAN and TAN applications require you to fill up the the jurisdiction in which the applicant is … [Read More...]
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