CAclubindia News
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
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
Now file returns on 30th September
29 February 2008 at 22:09Advancement of due date from 31st October to 30th September in respect of certain categories of assessees.Section 139 provides for filing of return of income by certain categories of assessees. Due dates, for filing such return of income in respect o
Now pay for health insurance of your parents and claim rebate
29 February 2008 at 22:09Additional deduction for health insurance premium paid for parentsSection 80D of the Income-tax Act provides for a deduction of up to fifteen thousand rupees to an assessee, being an individual or a Hindu undivided family. The deduction is allowed fo
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
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
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