Don't Worry , Be Happy !
After SEBI , it is now turn of CBDT to make it easy for Qualified Foreign Investor ( QFI ) to invest in India as the government only last week permitted QFIs from member nations of the Gulf Cooperation Council and the European Commission as well to invest in Indian equities, debt mutual funds and...
Section 54EC of the Income Tax Act provides exemption provision in case of long term capital gains . The confusion actually in the mind of the tax payer starts when he has to decide how much he/ she has to invest in the specified bonds of section 54EC . The real confusion is about whether...
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...
Section 40(a )(ia) of the Income Tax Act provides that in case of non deduction of tax or non deposit of tax deducted at source on any payment which is claimed as allowable expense while computing business income , the expense will be disallowed completely. The Assessing officer also , in many case in a...
Form 49AA is the new PAN application form for non residents for the purpose of allotment of PAN to Non Resident. This is done by modifying the Rule 114 of Income Tax Rules which is for allotment of PAN. CBDT has issued Notification No. 56 dated 17 October 2011 which now prescribes the documents as...
Deduction u/s 80E of the Income Tax Act is allowed to individuals who takes education loans for … [Read More...]
A video reports on tax planning by US based corporate to shift their office elsewhere in other … [Read More...]
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