External Commecial Borrowing ECB for Aviation Sector for Working Capital Allowed
Budget 2012: ECB Allowed for Aviation Sector for Working Capital in view of difficulties faced by aviation industry
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Budget 2012: No Advance tax compliance for senior citizen except those having Business income
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Budget 2012: Income tax proposal
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…
Budget 2012 Income Tax: New Section 54GB, Exemption from Capital Gain if invested in Equity
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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
Budget 2012 Income Tax: Retrospective Amendment to Section 2(14) to defeat the Supreme Court Ruling in Vodafone Tax Case
In the budget proposals of 2012 an explanation has been inserted in Section 2(14) i.e. the definition of “Capital Asset” to include “any rights in or in relation to an…
budget 2012: Service tax Proposal
Service tax rate is increased from 10to 12% ( Increase by 2%) Service tax is applicable on all services except negative list
that as per new CBDT rules,a salaried emoepyle whose total income is less than rs.5 lakh, need not submit his IT return. But then,1. How will the tax payable be determined ?2. If it is determined on the basis of TDS , won’t the tax amount be lesser as the TDS rates are less ?