Income Tax News
Section 80C scope expanded
29 February 2008 at 22:09Enlargement of the scope of eligible saving instruments under section 80C Section 80C of the Income-tax Act provides for a deduction of upto rupees one lakh to an individual or a Hindu undivided family (HUF) for,-(i) making investments in
Download Budget 2008-09
29 February 2008 at 18:44To Download Highlights of Union Budget 2008-09 click below:http://www.caclubindia.com/share_files/files_display.asp?files_id=5129To Download Finance Bill 2008 click below:http://www.caclubindia.com/share_files/files_display.asp?files_id=5146To
Taxpayers may gain up to Rs 44,000 per year
29 February 2008 at 22:14Taxpayers may gain up to Rs 44,000 per year A great news for the salaried with the
BCTT Withdrawn
29 February 2008 at 22:14BCTT Withdrawn The Banking Cash Transaction Tax, which provided for a 0.1% levy on certain cash withdrawals from banks has been withdrawn.In the budget proposals for the fiscal year 2008-09, he said that no BCTT would be charged in respect
Direct Tax proposals 2008-09
29 February 2008 at 16:13Direct Taxes· Threshold limit of exemption from personal income tax in the case of all assesses increased to Rs. 150,000. The slabs and rates of tax are:Up to Rs. 150,000NILRs. 150,001 to Rs. 300,00010 percentRs. 300,001 to Rs. 500,00020 percentRs. 5
Budget 2008-09 highlights sector wise!!
29 February 2008 at 13:04P. Chidambaran presents his 7th Union budget and puts down the following points: BASICS GDP at present- 8.8% Concern throughout- Inflation in Cheack is the cornerstone of the policy . Capital Inflow needs to be managed Govt, RBI to jointly take tempo
New Direct tax slab rates
29 February 2008 at 12:52Personal taxesupto 150000-nil150000-300000-10%300000-500000-20% above 500,000-30%Women upto 180000-nilSenior citizen:upto 225000- nilNo change in Corporate taxno change in surcharge80D deduction in case an individual pays on behalf of his parent/par
Budget updates 1st hour
29 February 2008 at 11:01P. Chidambaran presents his 7th Union budget and puts down the following points:GDP at present- 8.8%Concern throughout- Inflation in Cheack is the cornerstone of the policy .Capital Inflow needs to be managedGovt, RBI to jointly take temporary steps
FM P Chidambaram to present General Budget 08-09 today
29 February 2008 at 09:29Union Minister for Finance P Chidambaram on Friday will present the General Budget 2008-09 in the Lok Sabha, later he will address a Post-Budget press conference in New Delhi.Since this will be the last full budget of the UPA government, every segmen
Economic Survey predicts GDP growth at 8.7% for 2007-08
28 February 2008 at 13:11Pushing for reforms, theEconomic Survey said inflationary impact of foreign funds flow, a slowdown inthe US,an appreciating rupee and sluggish infrastructure sector were major challengesbefore economy. "The new challenge is to maintain growth at thes
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