Income Tax Articles

Budget sets new benchmarks for growth, equity and reforms

Posted by Guest 04 March 2010 4540 Views

Budget sets new benchmarks for growth, equity and reforms -- S. Sethuraman The Union Budget for 2010-11 marks

Discussion on proposed Amendments in Income-tax Act, 1961

Posted by Anumanchipalli Sathikonda 03 March 2010 19302 Views

Finance Bill – 2010-Discussion on Proposed Amendments - Income-tax Act. 1961 DEFINITIONS: Charitable Purpose – Section 2(15) The original clause before its amendment by Finance Act, 2008 stood as follows (15)

Highlights of the Changes in Customs in the Union Budget 201

Posted by MONISH BHALLA 03 March 2010 9923 Views

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

Posted by Rahul Poddar 03 March 2010 33811 Views

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

Posted by Rahul Poddar 02 March 2010 6024 Views

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

Posted by MONISH BHALLA 28 February 2010 8242 Views

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

Posted by Mahesh Kapasi 28 February 2010 13925 Views

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

CST Amendment by Finance Bill 2010.

Posted by CA Ravish Trivedi 27 February 2010 17046 Views

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.

Posted by Indraneel Sen Gupta 27 February 2010 13625 Views

INCOME TAX READY RECKONER INDIVIDUALS Taxable Income Tax Pa

Effect of Budget on Aam Aadmi

Posted by rishabh parakh 27 February 2010 7873 Views

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