Budget 2012: Rajiv Gandhi Equity Investment Scheme Launched
11:30 AM Rajiv Gandhi Equity Investment Scheme for deduction upto Rs. 50,000 for assessees with Income upto Rs. 10,00,000 details to be released later
11:30 AM Rajiv Gandhi Equity Investment Scheme for deduction upto Rs. 50,000 for assessees with Income upto Rs. 10,00,000 details to be released later
In Budget 2012 new Section 54GB is proposed to be inserted to provide exemption from long term capital gain on sale of residential house by Individual or HUF if the…
Amendment proposed in Budget 2012 in definition of related persons u/s 40A(2)(b) to include a company in which the assessee company has a substantial interest. In plain terms where a…
Budget 2012 has inserted Provision to Section 68 the effect of which is that any share application, share capital or share premium received in a privately held company shall be…
Service tax rate is increased from 10to 12% ( Increase by 2%) Service tax is applicable on all services except negative list
exemption limit in case of Individual is increased by Rs. 20000/- now basic exemption limit is Rs. 200000/- Tax slab is 20% from Rs. 8 to 10Lacs Deduction on saving…
Consequential amendment has been made in section 10(10D) and 80C of Income tax requiring Sum Assured to be at least 10 times of premium to require getting the benefits of…