Income Tax Articles

Highlights of the Changes in Customs in the Union Budget 201

MONISH BHALLA 03 March 2010 at 10:49

1. The following changes are made in the duty structure applicable to crude petroleum and refined petroleum products:(i) basic customs duty on crude petroleum increased from Nil to 5%. (ii) basic customs duty on Motor Spirit (petrol) and HSD

Relief U/S 10

Rahul Poddar 03 March 2010 at 10:45

Income Exempt from Tax --- rahul poddar --- Overview of section 10 There are certain incomes which are absolutely exempt from tax under section 10 of the income tax act. It’s upon the assessee to prove that a particular item of income is

Income Tax Reliefs To Defeat Future Worries

Rahul Poddar 02 March 2010 at 11:15

Income Tax Reliefs To Remove Future Worries There are certain provisions of Income Tax Act which are framed to encourage savings amongst individuals. The method adopted to encourage such savings is by giving income tax relief to individual on inve

Heads I win, tails you lose, says FM

MONISH BHALLA 28 February 2010 at 14:39

Budget 2010 is likely to get a variety of reaction from different sectors. For the "aam admi", it is not a khaas budget and for the khaas admi, it is nothing more than an aam budget. Experts view it in a different prospective. Budget 2010

Budget 2010- Income Tax

Mahesh Kapasi 28 February 2010 at 14:32

Budget and Income Tax The Union Budget 2010 is definitely inflationary for Aam aadmi. Middle class shall become poor class! There is no respite from continuing inflation and the budget provisions are adding fuel to the fire of inflation. India too sh

3 SMARTS OF BUDGET 2010-11

Indraneel Sen Gupta 28 February 2010 at 14:30

PETROL: Walk Out Yesterday the Parliament of India have created a history by making a walkout even before the budget was yet to be finished. The opposition parties made the walkout once it was declared in the budget that petrol prices

CST Amendment by Finance Bill 2010.

CA Ravish Trivedi 27 February 2010 at 14:25

Amendment in CST Act by finance Bill 2010: Section 6A: Amendment in Sub- section (2 ) of 6A : i) Provide that for making an order under that sub section the assessing officer shall, in addition to satisfying himself about the

HOW MUCH SAVINGS UNDER NEW TAX SLAB.

Indraneel Sen Gupta 27 February 2010 at 12:15

INCOME TAX READY RECKONER INDIVIDUALS Taxable Income Tax Pa

BUDGET WINE IN NEW BOTTLE

Indraneel Sen Gupta 27 February 2010 at 12:11

Month of February is the shortest month of the year and this shortest month gets the highest importance other than any month of the year. For Indian economy it is the month where all expectation and desires followed with wishes and prayers are ex

Effect of Budget on Aam Aadmi

rishabh parakh 27 February 2010 at 12:11

Finance Minister Pranab Mukherjee on Friday announced revised tax slabs for individual tax payers and also said that the New tax rates would offer relief to 60 per cent of taxpayers