Income Tax exemption limit should be raised to Rs 5 Lakh: Arun Jaitley Arun Jaitley, one of BJP’s prominent leaders says that raising income tax slab to Rs 5 lakh will benefit more than thirty million people in the country. He also added that direct … [Read more...]
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Extension of Returns E-Filed with Refund Claims
Extension of Returns E-Filed with Refund Claims CBDT Extends Time-Limit for Filing ITR-V Forms for Assessment Years 2009-10, 2010-11 and 2011-12 Till 31.03.2014 for Returns E-Filed with Refund Claims The Central Board of Direct Taxes (CBDT) has … [Read more...]
Direct Taxes Code for public discussion
Direct Taxes Code for public discussion The Direct Taxes code (DTC) is ready and it will be placed on the website for a public discussion Direct Taxes Code (DTC) to be put on the website of the ministry for public discussion While presenting the … [Read more...]
No income Tax on Salaried Class – BJP
No income Tax on Salaried Class - BJP 'BJP vision panel may propose no income tax on salaried class' Senior BJP leader Subramanian Swamy today said his party's vision committee might propose either "no income tax" on the service class or give full … [Read more...]
Non-Filing of ITR-V in returns with refund claims-relaxation of time-limit for filing ITR-V and processing of such returns -regarding.
Circular No. 04/2014 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi Dated the 10th of February, 2014 Subject: - Non-Filing of ITR-V in returns with refund claims-relaxation of … [Read more...]
RATES OF INCOME-TAX AS PER FINANCE ACT, 2013
RATES OF INCOME-TAX AS PER FINANCE ACT, 2013 As per the Finance Act, 2013, income-tax is required to be deducted under Section 192 of the Act from income chargeable under the head "Salaries" for the financial year 2013-14 (i.e. Assessment Year … [Read more...]