Income Tax Articles

Highlights of General Budget 2010-11

Guest 26 February 2010 at 18:19

Highlights of General Budget 2010-11 GENERAL BUDGET 2010-11 · THE FINANCE MINISTER SHRI PRANAB MUKHERJEE LAYS EMPHASIS ON CONSOLIDATED GROWTH, IMPROVING INVESTMENT ENVIRONMENT, INCLUSIVE DEVELOPMENT AND S

Union Budget 2010 - Income tax amendments

Pavan Jain S 26 February 2010 at 17:27

Union Budget 2010 - Income tax amendments

Amendments made to Income Tax Act

Member (Account Deleted) 26 February 2010 at 17:27

Some amendments made to Income tax by finance act 2010. 1) Limit for compulsory audit under section 44AB is enhanced to 60 Lakhs and 15 Lakhs for business and profession respectively.2) Penalty for not getting books audited with prescribed t

Synopsis of the Union Budget 2010-2011

Dr. Anand Wadadekar 26 February 2010 at 14:02

Hello, It has been my every year ritual - since more than 7 years now - to send you the Synopsis of Union Budget; as soon as declared by our FM. So this year too, I carry on with this ritual, unabated. Please find below the "Synopsis of the U

Railway Budget For You in a Crispy Way!

Dr. Anand Wadadekar 26 February 2010 at 13:27

Union Railway Minister, Shrimati Mamata Banerjee presented the Railway Budget for 20010-11 in Parliament on Wednesday, 24th February 2010. Plan outlay raised by Rs 1,142 crore to Rs 41,426 crore. Railways not to be privatised; It will remain with the

Brief Description of the Budget Documents

shiv Shankar 25 February 2010 at 11:31

Brief Description of the Budget Documents Annual Financial Statement Under Article 112 of the Constitution, a statement of estimated receipts and expenditure of the Government of India has to be laid before Parliament in respect of every financial y

A Talk with CA Sudhir Halakhandi on Expectations From Budget-2010

Guest 24 February 2010 at 16:53

SUDHIR HALAKHANDI ON BUDGET -2010 A TALK WITH GST EXPERT AND TAX COLUMNIST CA SUDHIR HALAKHANDI ON EXPECTATIONS FROM BUDGET -2010 There are two options for the Finance Minister and if he chooses the platform to accelerate the process of introduction

Section 194 - An Aerial View

Rahul Ramesh 10 February 2010 at 15:42

Section 194 of the Income Tax Act, 1961 deals with the deduction of tax at source on payment of dividends by any domestic company. When an Indian company or a company which has made prescribed arrangement for declaration and payment of d

Notices for Recovery of TDS U/S 201 (1)

CA Pramod Jain 08 February 2010 at 13:18

The Income Tax Department has recently started processing the TDS Returns filed for the Financial Year 2007-08 and issuing notices u/s 201 (1) of the Income- tax Act,1961Each notice gives reference of financial year, quarter , Form No and RRR No.The

Sec 195- TDS on NRI

CA Prashant Gupta 08 February 2010 at 12:19

Sec195- TDS on NRI Sec 195- though its heading is ‘other sums’ it deals with payment to NRIs other then Salary income. According to Sec 195 when payment is credited or paid to any NRI for interest or other sum excluding Salary is liabl