Income Tax exemption under Rajiv Gandhi Equity Savings Scheme
Rajiv Gandhi Equity Savings Scheme (RGESS) Liberalised
Rajiv Gandhi Equity Savings Scheme (RGESS) Liberalised
Additional Income Tax exemption for interest paid on house loan – Deduction of Interest upto Rs.1 Lakh on Home Loan up to Rs. 25 lakh for First Home Buyer over and above regular deduction of Rs. 1.5 lakh
Proposed Income Tax exemption Limit for the financial year 2013-14 (Assessment Year 2014-15) – Congress Leaders urges Finance Minister to raise Income tax exemption Limit to Rs.4 lakhs in the budget 2013-14
Government Once again urges all Tax Payers to Disclose their true income and pay Appropriate Taxes within the Current Financial Year Nodal Cell set up to Capture the Response and take Follow-up Action An Online Monitoring System to Ensure Follow-up Action and Track Return Filing and Tax Payment of the Target Segment The Union Finance…
Government Once again urges all Tax Payers to Disclose their true income and pay Appropriate Taxes within the Current Financial Year Nodal Cell set up to Capture the Response and take Follow-up Action An Online Monitoring System to Ensure Follow-up Action and Track Return Filing and Tax Payment of the Target Segment The Union Finance…
Finance Minister’s advisor indicates that as per Revised DTC Income Tax Exemption will be allowed for income up to Rs. 3 lakh as per Revised DTC Advisor to Finance Minister Mr.Parthasarathi Shome informed that Government might come up with a revised Direct Tax Code on the basis of suggestions of Parliamentary Panel chaired by Shri.Yashwant…
From which date the refund banker has been implemented? The refund banker has been implemented from January 24, 2007. In which cities the refund banker has been implemented ?
As Drawing and Disbursal Officers (DDO) responsible for deduction of income tax from the salaried employees need to prepare for deduction and payment of income tax from the end of November of a financial year, all salaried employees have to declare Savings, income or loss on house property and other income to their DDO before end of November in every financial year.
The Director General of Income Tax (System) as per powers assigned to it under clause (ii) of Para 14 read with clause (7) of Para 4 of the ‘Centralized Processing of Returns Scheme, 2011. issued as per C B D T Notification No. SO16(E) dated 4.1.2012, has decided to extend the time limit for filing ITR-V forms relating to Income Tax Returns filed electronically
Once Direct Tax Code bill is passed in the Parliament, Income tax payers in the initial slabs viz., persons with the income of up to Rs. 3 lakhs and income from Rs.3 to 10 lakhs as Finance Minister Mr.P.Chidambaram has assured ia press conference conducted recently to the effect that Government would abide by the recommendations of Parliamentary Standing Committee on Direct Tax Code for the purpose of tax structure and personal income tax exemptions under Direct Tax Code.
Circular No: 08/2012 dated 05.10.2012 F.NO. 275/192/2012-IT(B) issued by the Income tax Department elaborately explains the procedure to calculate income tax for this year and also elaborates the procedure for deduction of tax. The same circular provides various illustrations for calculation of inome tax of salaried class
Income Tax Dept announced Mascot Design Contest Income Tax Department invites all artists and designers, both professionals and amateurs, to develop a Mascot to be used in all advertising and communications of the Department. Make sure that the Mascot you develop captures the vision and values of the Income Tax Department and exhibits a definite…