The Central Board of Direct Taxes has notified the Cost Inflation Index for the year 2013-14. Cost Inflation Index for 2013-14 is 939 The relevant Notification is reproduced below :-GOVERNMENT OF INDIA MINISTRYOF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NOTIFICATION No. 40/20136/8/13 INCOME-TAX New Delhi, the 6th day of June, 2013 S.O. […]
Cost Inflation Index for 2013-14 Notified. Read More »
In the recent Budget presented in the parliament, the finance minister has introduced a new provision in the Income-tax Act,1961 , wherein certain property transfers were brought into the ambit of Tax Deduction at Source. This move by the Government of India is aimed at not only increasing the revenue for the Government but also
All about Tax deduction at Source (TDS) on Immovable Property Transfers Read More »
Every person holding Deposits with Banks/Financial Institutions/Companies must have heard about these forms 15G & 15H. As a depositor, you will be required by the bankers/financial institutions/Companies to submit Form 15G/15H for non deduction of tax at source (TDS). But, how many of us really know, what this Form 15G/15H is and what are the
All about Form 15G & Form 15H Read More »
Is the IT Department really watching you? In recent times, lot of news coverage is being given to the proceedings by the Income-tax department in respect of their action against tax evaders. Very often we see Newspaper advertisements and TV commercials warning the tax evaders to comply with Income-tax filing and payment requirements. These advertisements/commercials
Is the IT Department really watching you ??? Read More »
