Category: Income Tax

Income Tax rates for FY 2014-15

Income Tax rates for FY 2014-15 (Financial Year 2014-15)and AY (Assessment Year)2015-16 as per Budget-II of 2014.         A. Individuals/HUFs/AOPs/BOI/Artificial Read more […]

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Income Tax rates for FY 2013-14

Income Tax rates for FY 2013-14 (Financial Year 2013-14)and AY (Assessment Year)2014-15 as per Budget 2013.           A. Individuals/HUFs/AOPs/BOI/Artificial Read more […]

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Deduction of Interest on deposits in Saving Accounts

Deduction of Interest on deposits in Saving Accounts

Deduction of Interest on deposits in Saving Accounts. While filing Income Tax return for FY 2013-14, you may be wondering whether to include saving account interest in Gross Total Income. Can I get Read more […]

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How to calculate exemption on Pension Income

How to calculate exemption on Pension income There are two type of pension viz; Commuted and Uncommuted Pension. Treatment of both type of pension is different as per section 17(1)(ii) of Income Read more […]

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Tax Treatment of Gratuity as per Income Tax Act,1961

Tax Treatment of Gratuity as per Income Tax Act,1961 is covered U/S 10(10) of the Act. In case of retirement, resignation or  termination, you have to consider Income Tax liability on propose receipt Read more […]

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Due Date of Income Tax Return extended upto 14th Oct,2013 for Gujarat Assesses

Due Date of Income Tax Return extended upto 14th oct,2013 for Gujarat Assesses As per F.No.225/117/2013/ITA.II , on considerations of reports of dislocation of general life caused due to recent heavy Read more […]

Due Date Chart of all statutory payments for F Y 2013-14

List of most due date chart of all statutory payments for F Y 2013-14 pertains to central laws. How to use Due Date Chart of all statutory payments for F Y 2013-14 : Below table is very user friendly Read more […]

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TDS rates Chart for FY 2013-14

TDS rates Chart for FY 2013-14 and AY (Assessment Year)2014-15 as per Finance Budget 2013, when recipient is resident.   # Section 194IA is applicable from 1st Jun,2013. Kindly read our Read more […]

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TDS on purchase of immovable property

TDS on purchase of immovable property IF your are planning to buy a immovable properties, you should be ready to deduct tax at source (TDS) @1% subject to certain conditions from 1st Jun, 2013. The Read more […]

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Budget 2013 highlights for Individuals

Budget 2013 highlights for Individuals: Income Tax Exemption Limit : Basic limit of exemption (general category) increased to Rs. 2.2 Lakhs from Rs. 2 Lakhs – saving of Rs. 2000 for the persons Read more […]

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