Capital Gains Account Scheme can be used by a tax payer to deposit the amount of gains or sales consideration received on disposal of a capital asset for which he/she /it desires to get capital gains exemption u/s 54 or 54F of teh Income Tax Act. It has been provided in section 54 or section...
Deduction u/s 80E for Educational Loan – Video Tutorial
April 4, 2013 by
Deduction u/s 80E of the Income Tax Act is allowed to individuals who takes education loans for expensive higher studies. The tax benefits in form of deduction has actually made the loan option for funding the education of self or relatives a very popular option for many. Video Tutorial on Deduction u/d 80E for Education...
CBI Traps Additional Commissioner of Income Tax
March 27, 2013 by
CBI (Central Bureau of Investigation)on Monday , first detained and then arrested C.S .Bharati, 1994 Batch IRS officer of the rank of the additional income tax officer from Ahmadabad for allegedly accepting a bribe of Rs 30 lakh from a builder.
CWG Scam: IRS Officer Disposes Against Kalmadi
March 13, 2013 by
An IRS ( Indian Revenue Officer ) on deputation to the Commonwealth Games Organising Committee (OC) deposed before a trial court hearing the CWG SCam case , that sacked OC chairman Suresh Kalmadi had pressurised him to reject the bid of Spain’s MSL and choose Swiss Timing for TSR system. Media reports suggest that Sri [...]
TDS Refund Rules & Form Notified !
February 22, 2013 by
Want to claim excess tds refund ? Now , the deductor will have file a new form online for claiming the refund of tax deducted or deposited in excess as the CBDT has notified Rule 31A(3A) and 31A(5) for making a claim of refund of TDS. These Rules have been framed by CBDT as part...
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