Income-tax

Tax Savings Bond u/s. 80CCF from IDFC issue is open now

General, Income-tax /

Infrastructure Development Finance Company Limited (IDFC)  has come out with issue of Tax Savings Bonds, the Investment in which will qualify for additional deduction of Rs. 20000/- u/s. 80 CCF of the Income-tax Act,1961. The salient features of this issue are reproduced below :- Click here to send your enquiry [gview file=”http://bssridhar.com/blog/wp-content/uploads/2012/01/IDFC2012.pdf”]

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Tax Savings Bond u/s. 80CCF from L & T Infra issue is open now

General, Income-tax /

L & T Infrastructure Finance Company Limited has come out with issue of Tax Savings Bonds, the Investment in which will qualify for additional deduction of Rs. 20000/- u/s. 80 CCF of the Income-tax Act,1961. The salient features of this issue are reproduced below :- Click here to send your enquiries [gview file=”http://bssridhar.com/blog/wp-content/uploads/2012/01/LANDT2012.pdf”]

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Tax Deduction on Salaries – Clarification Circular

Income-tax /

The Income-tax Department has issued Circular N0 05/2011 dtd 16th August 2011 containing the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2011-2012 and explains certain related provisions of the Income-tax Act. This circular will be a handy reference for Employers deducting tax from their

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E filing with Digital Signature mandatory for Tax Audits

2 Comments / Income-tax /

The Income-tax Department has issued a new Notification No 37/2011  dtd 01.07/2011. As per this notification , all Individual/HUF/Partnership Firms who are covered under Tax Audit u/s.44 AB of the Income-tax Act, shall electronically file their return of Income with the Digital Signature of the Assessee/Partner. This will be applicable from the A.Y.2011-12 onwards. The

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