Articles by RAJAN GUPTA

Life insurance premium paid and claim u/s 80C

Posted by RAJAN GUPTA 27 March 2008 23724 Views

Important Pointshould keep in mind while claiming deuction on life insurance premium paid u/s 80C are given below: Deduction u/s 80c of income tax is available to Individual and Huf Assessee. Maximum total eligible amount under this head (LIFE insu

PAY LESS STCG AFTER BUDGET -HOW

Posted by RAJAN GUPTA 26 March 2008 7761 Views

Dear friends ,As you know in budget 2008 ,our Finance Minister has increased the short term capital gain on share transaction, on which securities transaction tax (STT) has been paid, from 10% to 15 % .This has been done under section 111A for indian

Deduction for Higher Education Loan 80E

Posted by RAJAN GUPTA 25 March 2008 15097 Views

Relevant clause of section are reproduced hereunder for ready reference :80E. (1) In computing the total income of an assessee, being an individual, there shall be deducted, in accordance with and subject to the provisions of this section, any amount

Nil TDS return

Posted by RAJAN GUPTA 08 September 2007 7256 Views

If there is no deduction in a particular quarter, should I file the NIL etds statement?The answaaykarbhavan group er is no,The filing of a NIL statement is not mandatory.As per section 200(3)Any person deducting any sum on or after the 1st day of Apr

OFFICIAL WORD ON:IS NIL TDS RETURN MANDATORY

Posted by RAJAN GUPTA 08 September 2007 7274 Views

In my view its not mandatory,now dept has given some clarification on this subject,though not directly on this subject but while answering the FAQ on form 24 Q ,Q4,it has been made clear that nil etds statement is not mandatory. But return 24q q4 sho

KNOW YOUR SERVICE/EXCISE REGISTRATION NUMBER,LOCATION CODE ,DOWNLOAD NEW GAR-7/TR-6

Posted by RAJAN GUPTA 05 September 2007 168219 Views

LikeIncome tax/Fbt Central board of excise & custom(CBEC) has started new single page challan to deposit central excise or service tax named as GAR 7/TR-6 from 01.04.07 onwards.ElectronicAccounting System In Excise and Service Tax(EASIEST)The EAS

SCOPE OF THE ETDS/ETCS STATEMENT ENHANCED

Posted by RAJAN GUPTA 01 September 2007 4809 Views

CBDT has enhanced the scope of filling Etds/Etcs return by amending the rule 31A(applicable on etds) and 31AA(applicable on etcs) vide Income-tax (Ninth Amendment) Rules, 2007NOTIFICATION No. 238/2007, dated 30-8-2007.Now following person are liable

New Service Tax Coding & Withdrawn Clarifications

Posted by RAJAN GUPTA 25 August 2007 6480 Views

Understand the new service tax coding system and the withdrawal of old circulars. Learn how this impacts service providers and sub-contractors.

New ITR Forms: AIR Details You Must Report

Posted by RAJAN GUPTA 14 August 2007 7316 Views

Discover which transactions require AIR reporting in new ITR forms. Avoid penalties by reporting cash deposits, credit card payments, and property sales.