HOW TO SAVE TAX BY FORMING HUF
Posted Date : 10-Jul-2013 , 12:34:38 pm | Posted By
Gaurav Dhamija
HOW TO SAVE TAX BY FORMING HUF: Common question which a taxpayer usually asks at the time of filing his Income Tax Return is – How can I save my Tax? It is our moral duty to educate our fellow Indians about various options available to them by which they can save their tax legally. We...
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Category : Income Tax |
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Usefull forms for EPF
Posted Date : 10-Jul-2013 , 10:37:40 am | Posted By
Gaurav Dhamija
FORMS FOR CLAIMING BENEFITS UNDER THE EMPLOYEES' PROVIDENT FUND SCHEME
FORM NO.
PURPOSE
13(revised)
For transferring the Provident Fund account of a member from one establishment to another establishment covered under the act / scheme.
Preview anddo...
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Category : Income Tax |
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Micro, Small and Medium Enterprises Development Act, 2006-
Posted Date : 10-Jul-2013 , 10:33:17 am | Posted By
Gaurav Dhamija
Micro, Small and Medium Enterprises Development Act, 2006-”Implications for Annual Financial Statements”
The Micro, Small and Medium Enterprises Development Act, 2006 (“the Act”) has been notified and has received the assent of the President on 16th June 2006. Subs...
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Category : Income Tax |
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10 precautions for filing your personal tax return
Posted Date : 09-Jul-2013 , 02:30:26 pm | Posted By
Gaurav Dhamija
10 precautions for filing your personal tax return
Taxing Issues
The due date for filing personal tax returns for the financial year 2012-13 is July 31. Taxpayers need to be aware of various points while filing their returns. Filing incorrect details may result in interest, penalty or dela...
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Category : Income Tax |
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How investing for parents can help you save tax
Posted Date : 07-Jul-2013 , 09:50:38 am | Posted By
Vimmi
Most of us end up paying more taxes even after exhausting all possible ways of tax exemption, while few of us are aware that dependent parents could be a boon in tax planning.
Here's how wise tax planning could save you from the tax demon:
Investing surplus in a parent's name
You can take a...
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Category : Income Tax |
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How to become a Crorepati with a normal income
Posted Date : 06-Jul-2013 , 06:29:34 pm | Posted By
Vimmi
Becoming a Crorepati with a normal income is possible, but it depends on three things:
The amount invested every month/year
Rate of returns
Time period the amount stays invested
A disciplined approach towards saving and sensible investing choices will take you to your first crore as ...
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Category : Income Tax |
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Income tax returns: 7 incomes you shouldn't forget to declare
Posted Date : 06-Jul-2013 , 08:39:10 am | Posted By
Vimmi
The idea of filing income tax would give many of us nightmares. With the last date for filing income tax soon approaching, most of us would have already begun the process of filing our returns. The due date for filing personal income-tax returns for the financial year 2012-13 is July 31, 2013.
Gene...
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Category : Income Tax |
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Deduction from tax liabilities
Posted Date : 04-Jul-2013 , 09:54:03 pm | Posted By
Krishna Kumar Choudhary
A tax payer can claim tax rebate under section 86, 87A,89, 90, 90A
Rebate under sec 86 - share of profit from association of person
Rebate under sec 87A - in case of resident individual whose total income does ...
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Category : Income Tax |
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Girls Be Careful !!
Posted Date : 04-Jul-2013 , 05:46:22 pm | Posted By
Gaurav Dhamija
Girls Be Careful !! Share this please .. 1) What should a woman do if she finds herself alone in the company of a strange male as she prepares to enter a lift in a high-rise apartment late at night? Experts Say: Enter the lift. If you need to reach the 13th floor, press all the buttons up t...
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Category : General |
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1 | Hits : 641 |
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International Taxation and Transfer Pricing Update
Posted Date : 04-Jul-2013 , 04:29:43 pm | Posted By
CA Priyanka Gupta
We are pleased to inform you that CBDT vide Notification No. 47/2013, Dated 26-06-2013, have notified Form 10FC & Rule 21AC in relation to Sec. 94A of the Income Tax Act, 1961. The said notification has been attached herewith for your perusal. Sec. 94A empowers the tax authorities to ...
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Category : Income Tax |
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Popular ways of earning Tax Free Income
Posted Date : 04-Jul-2013 , 11:40:06 am | Posted By
Gaurav Dhamija
Popular ways of earning Tax Free Income1. Interest on Savings Bank AccountA deduction of Rs. 10,000 is allowed for Interest earned under Section 80TTA. This new deduction was introduced by the Finance Minister in Budget 2012 and this is applicable from 1st April 2012.Although, the Interest earned on...
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Category : Income Tax |
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10 Things you may not know about PPF
Posted Date : 04-Jul-2013 , 11:37:36 am | Posted By
Gaurav Dhamija
10 Things you may not know about PPF One of the popular, preferred, and preeminent tax saving investments is PPF – Public Provident Fund. We all know about PPF. 1) Where to open the PPF account? PPF accounts can be opened in a post office or in a SBI/PNB bank branches . The re...
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Category : Income Tax |
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0 | Hits : 1521 |
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True story-Specially for girls & Ladies who put there ph. in carry bag
Posted Date : 04-Jul-2013 , 09:11:00 am | Posted By
Gaurav Dhamija
A lady has changed her habit of how she lists her names on her cell phone after her handbag was stolen. Her handbag, which contained her cell phone, credit card, wallet, etc., was stolen. 20 minutes later when she called her hubby, from a pay phone telling him what had happened, hubby says 'I receiv...
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Category : General |
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0 | Hits : 564 |
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Know the new rules of filing tax returns & how they impact you
Posted Date : 03-Jul-2013 , 04:22:28 pm | Posted By
Vimmi
First they made it compulsory for businesses to e-file their tax returns. Then they made it mandatory for taxpayers with incomes of over Rs 10 lakh to take the online route. This year, the income tax authorities have cast a wider net and made e-filing compulsory if your taxable income is above Rs 5 ...
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Category : Income Tax |
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Five reasons why rupee is depreciating
Posted Date : 02-Jul-2013 , 02:41:02 pm | Posted By
Vikash Kumar Jha
Let's have a look at the five major reasons behind the rupee's weakness:
Dollar On A Horse Ride
The main reason causing the rupee to fall is the immense strength of the Dollar Index, which has touched its three-year high level of 84.30. The record setting performance of US equ...
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Category : RBI |
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Which is your ITR ?
Posted Date : 01-Jul-2013 , 02:14:01 pm | Posted By
Vikash Kumar Jha
For Individuals, HUF
Select appropriate Income Tax Return (ITR) Preparation Software
ITR-1
ITR-2
ITR-3
ITR-4
Individual
Individual
Individual
Individual
& HUF
& HUF
& HU...
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Category : Income Tax |
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Expenses Allowable For Computing Business Income
Posted Date : 30-Jun-2013 , 01:36:59 pm | Posted By
Vinay Sharma
Expenses Allowable For Computing Business Income
Primarily, the expenses allowable for computing business income is computed as per the Income tax Rules for the purpose of computing tax liability of a concern, where business income in the concern is computed by the accepted busine...
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Category : Income Tax |
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Things You Must Know While Filing Your Income Tax Return For The First Time
Posted Date : 30-Jun-2013 , 01:35:35 pm | Posted By
Vinay Sharma
Things You Must Know While Filing Your Income Tax Return For The First Time
The financial year is over, and we have to file our IT returns for the year gone by. Salaried Individuals and other non-audit tax payers are required do Income Tax Return Filing compulsorily before 31st July for...
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Category : Income Tax |
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Take Care Of Your Eyes While Using PC
Posted Date : 30-Jun-2013 , 01:34:05 pm | Posted By
Vinay Sharma
Take Care Of Your Eyes While Using PC
During a recent visit to an optician, one of my friend was told of an exercise for the eyes by a specialist doctor that he termed as 20-20-20. It is apt for all of us, who spend long hours at our desks, looking at the computer screen. I Thought I'd share it ...
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Category : General |
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Tiny Pen Drive Enough To Pin You Down
Posted Date : 30-Jun-2013 , 12:46:48 pm | Posted By
Vinay Sharma
Tiny Pen Drive Enough To Pin You Down
Pen drive and print outs taken from it constituted admissible evidence in income-tax proceedings and formed a basis for investigation and additions
In the recent case of CHETAN GUPTA V. ACIT the assessee was arrested by Punjab Police and pen drive ...
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Category : Income Tax |
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