CAclubindia News

Now pay for health insurance of your parents and claim rebate

29 February 2008 at 22:09

Additional 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

Posted in Income Tax | 5046 Views

Download Budget 2008-09

29 February 2008 at 18:44

To 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

Posted in Income Tax | 2 comments | 11895 Views

Direct Tax proposals 2008-09

29 February 2008 at 16:13

Direct 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

Posted in Income Tax | 9588 Views

Budget 2008-09 highlights sector wise!!

29 February 2008 at 13:04

P. 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

Posted in Income Tax | 2 comments | 18351 Views

New Direct tax slab rates

29 February 2008 at 12:52

Personal 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

Posted in Income Tax | 9534 Views

Budget updates 1st hour

29 February 2008 at 11:01

P. 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

Posted in Income Tax | 4242 Views

FM P Chidambaram to present General Budget 08-09 today

29 February 2008 at 09:29

Union 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

Posted in Income Tax | 3021 Views

Economic Survey predicts GDP growth at 8.7% for 2007-08

28 February 2008 at 13:11

Pushing 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

Posted in Income Tax | 2640 Views

Economic survey 2007-08

28 February 2008 at 13:00

To download the economic survey click on the link belowhttp://www.caclubindia.com/share_files/files_display.asp?files_id=5086

Posted in Income Tax | 2421 Views

COMMON PROFICIENTY TEST - TWICE A YEAR

28 February 2008 at 09:35

As per the decision of the Council of the Institute, Common Proficiency Test (CPT) examination will henceforth will be held twice a year in the months of June and December every year, instead of four times in the months of February, May, August and N

Posted in Students | 2 comments | 5481 Views