Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Articles by JITENDRA

Direct Tax Proposals in Budget 2015

Posted by JITENDRA 28 February 2015 28839 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 55791 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 31312 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