Income Tax Articles

Tax deduction for salaried employees

Posted by Jitender Garg 15 March 2008 18064 Views

Tax deduction for salaried employees FOR salaried employees it is possible to get tax deduction from the employer in respect of investments made or amount spent in terms of the provisions contained in Section 80C of the Income-tax Act, 1961.The emplo

MAT

Posted by Manjunath 10 March 2008 4533 Views

Minimum Alternate TaxThe MAT credit is available in respect of MAT paid under Section 115JB of the Income-tax Act with effect from assessment year 2006-07. The amount of MAT credit would be equal to the excess of MAT over normal income-tax for the as

Guidance Note on Tax Audit

Posted by Manjunath 07 March 2008 23792 Views

Guidance Note on Tax Audit - Issued by ICAI THE TURNOVER OR GROSS RECEIPTS IN RESPECT OF TRANSACTION IN SHARES, SECURITIES AND DERIVATIVES MAY BE DETERMINED IN THE FOLLOWING MANNER.(a) SPECULATIVE TRANSACTION: A speculative transaction means a trans

Budget 2008.. A write up

Posted by Admin 04 March 2008 8597 Views

MAHESH KAPASI & CO. Mail: maheshkapasi49 @ gmail.comChartered Accountants Phone: 2686 8147

Budget 2008-09 in nutshell

Posted by sai are 01 March 2008 7392 Views

1.Income Tax 1.1 Personal Taxes: Increase in exemption limit from Rs.1.10 Lakhs to 1.50 Lakhs for the year 2008-09. Substantial benefit to Individuals. Minimum savings is Rs 4,000 for a year . No Change in the Tax rates. No withdrawal of Cess Cha

A fine balance, Mr Chidambaram

Posted by Darshu 01 March 2008 5152 Views

This Budget's emphasis on agriculture, education and health are in line with the objectives of the 11th five-year plan of increasing investments in social infrastructure. The first positive has been favourable macro-economic conditions-an 8.7

Budget 2008 Some welcome proposals under Income Tax

Posted by Admin 01 March 2008 13300 Views

Budget 2008 Somewelcome proposals under Income Tax1. Last date for furnishing returns of income is proponed by onemonth: suitable amendments are made U/s 139(1) and 115WB of the Act for fillingof the Income Tax and fringe Benefit Returns of Inco

Fringe Benefit Tax

Posted by sai are 22 February 2008 6767 Views

Fringe Benefit TaxUp to 01.04.2006, benefits or amenities collectively enjoyed by employees escaped taxation since it was difficult to attribute any quantum of benefit to individual employees. The Finance Act 2005 introduced an additional income tax

Filing Return of Income under the new ITR Form Series

Posted by CA. Gurdeep Singh Chawla 22 February 2008 12782 Views

Filing Return of Income under the new ITR Form Series (A simple guide)As we are all aware that the CDBT has vide notification dated 15-05-2007 issued a new set of Forms to be filled in for the Assessment Year 2007-08 and it is effective from 15-05-20

Secretarial Services Provided by Company Secretaries

Posted by sai are 22 February 2008 21380 Views

Secretarial Services Provided by Company SecretariesA. Company Laws and Securities Related LawsI. Basic ServicesIncorporation of New Company in India / Overseas Joint Venture in India or Outside India and related policies of Govt. of India Liaison an