Posted Date : 19-Mar-2013 , 12:55:20 pm | Posted By Vinay Sharma

  8 Lies Of A Mother       The story begins when the person who shared this was a child. Born into a very poor family, often there was not much to eat in the house. Whenever there was some food, the Mother would give her portion of rice to the child and ...

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Category : Income Tax | Comments : 1 | Hits : 2601

Posted Date : 16-Mar-2013 , 03:22:16 pm | Posted By Vinay Sharma

Some important Do’s & Don’t are given below by Income Tax Department in the interest of assessee which should be read carefully before submitting any e-filing of Income Tax and TDS Return.     E-Filing – Do’s & Do...

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Category : Income Tax | Comments : 0 | Hits : 1576

Posted Date : 15-Mar-2013 , 11:57:43 pm | Posted By Yogesh Kumar Agarwal

Purchase of Immovable Property by a resident from Non-Resident situated in India Practical problem with the payment to Non – Resident for buying immovable Property from him and tax to deducted therefrom. The first liability comes under section 195 of the Act, as per the section if any pers...

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Category : Income Tax | Comments : 3 | Hits : 1084

Posted Date : 12-Mar-2013 , 11:22:05 pm | Posted By S Jain

   v  To be successful, India’s APA program need to provide an atmosphere in which all parties can come to the table intending to find a mutually satisfactory arrangement. v  The APA scheme has many advantages. It will provide tax certainty with regard to determination of...

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Category : Income Tax | Comments : 0 | Hits : 303

Posted Date : 11-Mar-2013 , 01:01:03 pm | Posted By Vinay Sharma

7 Habits of effective tax planners   Here are some tips to avoid the typical mistakes made while carrying out the tax-planning exercise:   Take a Holistic View According to financial advisors, tax planning cannot work in isolation. It has to be in line with your overall fi...

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Category : Income Tax | Comments : 0 | Hits : 1391

Posted Date : 07-Mar-2013 , 06:58:34 pm | Posted By Vinay Sharma

The importance of Permanent Account Number (PAN) card has grown over the years, and it is today an essential part of our lives. The most important purpose of allotting PAN to an entity is for the purpose of identification and to track all the related monetary information of tha...

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Category : Income Tax | Comments : 1 | Hits : 1976

Posted Date : 06-Mar-2013 , 07:51:47 pm | Posted By Vinay Sharma

  JUDICIAL RULINGS AND FINANCE BILL 2013   ADMEASURING AN AGRICULTURE LAND AS CROW'S FLIES (AERIAL METHOD) OR ROAD DISTANCE METHOD SECTION 2(1A) Proposed Amendment A l...

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Category : Income Tax | Comments : 0 | Hits : 1315

Posted Date : 06-Mar-2013 , 05:49:23 pm | Posted By Vinay Sharma

  Tax Residency Certificate - Is No More Conclusively Sufficient?   The Double Tax Avoidance Agreement ('DTAA') is entered between two countries inter alia to ensure that a particular income is not doubly taxed. The Government of India has so far signed com...

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Category : Income Tax | Comments : 0 | Hits : 728

Posted Date : 05-Mar-2013 , 01:11:42 pm | Posted By Vinay Sharma

  The provisions of the Finance Bill, 2013 relating to direct taxes seek to amend the Income-tax Act, Wealth-tax Act and Finance (No.2) Act, 2004, inter alia, in order to provide for – A. Tax rates B. Additional Resource Mobilisation ...

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Category : Income Tax | Comments : 0 | Hits : 1909

Posted Date : 02-Mar-2013 , 01:11:58 pm | Posted By Vinay Sharma

  Guide To Personal Tax : Budget 2013     Budget 2013 has provided many sops for personal tax. Lets take a look at some of the tax related proposals and their impact: Proposal Impact A tax...

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Category : Income Tax | Comments : 0 | Hits : 1631

Posted Date : 01-Mar-2013 , 03:44:38 pm | Posted By Vinay Sharma

                                             Seven tax-saving avenues for common-man : Budget 2013   This year's budget has not changed the tax slab rates fo...

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Category : Income Tax | Comments : 1 | Hits : 2480

Posted Date : 28-Feb-2013 , 06:17:46 pm | Posted By Vinay Sharma

                                                  Income Tax Slab Rates For F.Y. 2013-14 / A.Y. 2014-15      As it is announced by FM that no revision in In...

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Category : Income Tax | Comments : 6 | Hits : 29728

Posted Date : 25-Feb-2013 , 12:59:04 pm | Posted By Ritesh

    LLP AGREEMENT (As per Section 23(4) of LLP Act, 2008)   THIS Agreement of LLP made at ............ this.................... Day of ...................... 20............ BETWEEN ……………….., a company registe...

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Category : Income Tax | Comments : 0 | Hits : 684

Posted Date : 19-Feb-2013 , 10:32:50 pm | Posted By Vinay Sharma

Senior citizen scheme is a deposit scheme for elders or you can say that it’s a best option of getting future return so that you don’t have to depend on others at the at the age of retirement.  Generally, retirement brings lot of troubles and barriers for future matters. This sch...

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Category : Income Tax | Comments : 0 | Hits : 1373

Posted Date : 19-Feb-2013 , 03:35:56 pm | Posted By CMA Arif Farooqui

  As next year budget is just round the corner, everyone is expecting something from Finance Minister but we should understand, he has some limitations due to heavy fiscal deficits.    There are numbers of points which we are expecting fro...

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Category : Income Tax | Comments : 1 | Hits : 364

Posted Date : 18-Feb-2013 , 09:44:15 pm | Posted By Vinay Sharma

The Rajiv Gandhi Equity Savings Scheme (RGESS) is creating quite a buzz. Under this scheme, first-time equity investors can invest in approved stocks and mutual funds and claim an income tax deduction on 50% of the amount invested under Section 80CCG of the Income Tax Act. ...

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Category : Income Tax | Comments : 0 | Hits : 1544

Posted Date : 17-Feb-2013 , 05:04:30 pm | Posted By Vinay Sharma

 Most of the Treasury Offices have not given the Book Identification Number (BIN) [For Govt Concerned] to the Govt Cornered which is unique to deposit the 1st to 4th Quarter of TDS to the Tax Department. Now it is most easy to collect the BIN Number through the Online whic...

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Category : Income Tax | Comments : 0 | Hits : 2861

Posted Date : 16-Feb-2013 , 08:21:48 pm | Posted By Vinay Sharma

  For any Query related to Income Tax Refund or Rectification of Income Tax Return, person can contact on this Toll Free Number of CPC Bangalore Income Tax Department (Bangaluru) –1800 425 2229 For any other query related to income tax department person can contact this Toll Fr...

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Category : Income Tax | Comments : 0 | Hits : 13066

Posted Date : 16-Feb-2013 , 08:19:47 pm | Posted By Vinay Sharma

  In the course of the employment employer can provide the accommodation to its employee so that they can fulfill their duties more diligently without getting worried about the residential problem. From Income tax perspective this facility is considered as perquisite and taxable unde...

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Category : Income Tax | Comments : 0 | Hits : 566

Posted Date : 14-Feb-2013 , 05:14:16 pm | Posted By KCJM_IN

  SWEEP TRANSFER YOUR FUNDS – MAKE YOUR UNSED FUNDS EARN MORE So what is Sweep Account? A sweep transfer account is integration of your normal savings account to an investment account. There are a lot of unused funds laying in your savings bank account which earns a n...

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Category : Income Tax | Comments : 0 | Hits : 551