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Articles by JITENDRA

Direct Tax Proposals in Budget 2015

Posted by JITENDRA 28 February 2015 28796 Views

MAJOR DIRECT TAX PROPOSALS Measures to Curb Black Money: It is also proposed to amend section 269T of the Income-tax Act so as to provide that no person shall repay any loan or deposit made with it or any specified advance received by it, otherwise t

Direct Tax Proposals - Major Amendments in Budget 2014-2015

Posted by JITENDRA 12 July 2014 55780 Views

A. MAJOR AMENDMENTS Rates of Income-tax: Personal Income-tax exemption limit raised by Rs.50,000/- that is, from Rs.2 lakh to Rs.2.5 lakh in the case of inpidual taxpayers, below the age of 60 years. Exemption limit: raised from Rs.2.5 lakh to Rs.3 l

Income Tax Amendment Highlights: Major Amendments

Posted by JITENDRA 01 March 2013 31297 Views

Taxability of immovable property received for inadequate consideration: It is proposed to amend the provisions of clause (vii) of sub-section (2) of section 56 so as to provide that where any immovable property is received for a considerati