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Latest Bank Fixed Deposit Rates – FD Rates

Government of India has designated certain schemes as eligible for tax savings under Sec 80c of the IT Act. Amounts upto Rs. 1 lakh per year are deductible from taxable amounts under this provision. Schemes eligible under this provision include certain Post Office schemes, tax savings bank fixed deposits (which have to be of at least 5 years duration) as well as Equity Linked Savings Schemes (ELSS) which are equity based mutual funds requiring a .....

Capital Gain Exemption u/s 54, 54B, 54D, 54EC, 54F, 54G, 54GA Table

Capital Gain Exemption u/s 54, 54B, 54D, 54EC, 54F, 54G, 54GA Table. The following table is all about capital gain exemption, under what section you can avail it, Conditions to be satisfied, quantum of exemption. You can calculate capital gain tax exemption easily with the help of following table. See: The Basic concepts of Capital Gain Tax Under Section Allowed Assessee Conditions to be satisfied Quantum of exemption 54 Individual/HUF 1. Transfer should be of .....

Offer thanks You toward my 10,000 RSS Subscribers

Thank You to my 10,000 RSS Subscribers As I achieved 10,000 Feedburner today, I realized Tax India (etaxindia.org) has reached an awesome milestone – we now have 10,000 RSS subscribers! with in 10 month. So today I would like to say great big THANK YOU to everyone who subscribes to Tax India (etaxindia.org). I’m awed that 10,000 of you enjoy reading my Blogger posts enough to read my updates in your feed readers and by .....

First Blind Lady Chartered Accountant : Rajni Gopal

Rajni Gopal is India’s first visually impaired woman to become a Chartered Accountant. Currently working with India’s leading software companies, it has taken Rajani immense grit, perseverance and patience to reach where she stands. Rajani Gopal has come a long way after losing her eye sight. She treads on paths that make even sighted people think twice before taking up. Behind this chartered accountant, Veena player and social worker, lies a determined woman who has .....

What is EEE or EET or ETT in Terms of Taxation?

What do the three characters meanings? I understand these words are very untidy to you but comprise so much significance in the taxation world. So let’s try to understand these expressions. “E” means Exempt “T” means Taxable. “T” means Taxable. Words laid down above appears to be higgledy-piggledy for non-professionals, but for all taxpayers it is must to understand these words before investing in saving instruments like PPF, NSC, FD, Post Saving account. Almost all .....

New Tax Code : 10% Tax upto Rs. 10 Lakh Income

A major relief to tax payer when the government on Wednesday introduced a new direct tax code that seeks to simplify the tax regime in India replacing the Income Tax Act 1961. According to new tax code / new direct tax code 10% tax up to Rs. 10 Lakh Income. See new income tax slab under new direct tax code The government proposed major tax reforms through a draft code that aims at moderating income .....

Company Bill 2009 – Download

The Corporate Affairs Minister (Shri Salman Khurshid) has announced, in response to a question in the Lok Sabha, that the Company Bill will be reintroduced in Parliament as the Companies Bill 2009. Last year the Companies Bill 2008 was introduced in the Lok Sabha but did not become law. The bill, introduced by Corporate Affairs Minister Salman Khurshid, is centred on stakeholder protection with the provision for class action suits that allow a group of .....

Whether SAP Training is Essential for CA/ICWA/ACS’s

As the business needs are very complex in nature, the implementation of an SAP-ERP package needs CA/ICWA/ACS/MBA”s with functional skills for evaluation, Business Process Reengineering (BPR),Mapping of Business requirements, Report designing, ensuring Business controls, customization of the package for the specific requirements, Documentation etc. What is SAP SAP is the world’s leading provider of business software which specialises in industry specific Enterprise Resource Planning (ERP) solutions. It can be quite rewarding if you learn SAP .....

File Income Tax Return Free | Do it Yourself

File Income Tax Return Totally Free yes ! It’s true. | Do It Yourself There are three portals who provided free service to file income tax return online with a complete process. They also contain another alternatives for filing of income tax return. (For example : Bulk Returns – paid, with expert opinion- paid) If you don’t want to efile income tax return then you can print ITR 1 and ITR 2 and file manual .....

Effective Dates of Unioun Budget 2009 Provisions

Effective dates of various provisions. Of BUDGET -09-10 . After the union Budget 2009-10. Most of the visitors ask about effective dates of the amendments provisions. So here are the list effective dates of some of the provisions of union budget 2009……..more to be added soon……………….so keep in touch……………..and subscribe your email id………..for latest unpdates….. INCOME TAX 01-04-2009 – Advance Tax Limit Increased to 10000 from 5000. Wealth Tax Limit Increased : The recommended amendment .....

GST Road Ahead to GST (Goods and Service Tax) in India

The budget speech of 2006-2007 contained a proposal to introduce Goods and Services Tax (GST) in India with effect from April 01, 2010. It has been reiterated in the budget speech of 2009-10 that the process for smooth introduction of GST with effect from April 01, 2010 would be accelerated. The proposed GST is not instead of CST alone, but would also subsume many other Central and State taxes. The Empowered Committee of the State .....

Rajasthan Budget 2009-10 Highlights, Budget Speech

You can view/ download Rajasthan Budget 2009-10 Speech and other documents of the Modified Budget for the fiscal year including Budget Highlights, Finance Bill, Major Head wise record of Revenue and Receipt and expenditure online on Rajasthan Govt. Ministry of Finance website at the following link: No major changes in Value Added Tax, No other tax levied. See complete Rajasthan Budget 2009-10 Highlights, http://finance.rajasthan.gov.in/budget2009m.shtm Rajasthan Budget 2009-10 Highlights, Budget Speech

Highlights of Punjab Budget 2009-10, Budget Speech

Punjab Budget 2009-10Punjab state Finance minister Manpreet Singh will present the budget estimates for the remaining part of the year 2009-10. The general discussions on budget estimates would be held on July 8, 9 & 10, 2009. The budget would be telecast live on Jalandhar door darshan from 12 noon onward, an official spokesman said. Source: Punjab NewsLine Punjab Budget 2009-10 Highlights, Budget Speech You can view/ download Punjab Budget 2009-10 Speech and other documents .....

Know the Procedure of Union Budget | How to Prepare ?

The below slide show informs, in what way policy makers prepare budget. What matters, they ponder before making draft budget i.e. Bare bones/framework to analysis expenditure, Legal framework and most importantly impact on Citizens. There are lotted of things to do. View below Slide show to get fundamental knowledge about technique and prcoedure to make union budget.

New Income Tax Slab F.Y.2009-10 | Union Budget 2009

This day (06-july-2009) income tax exemption limit subsequent union budget 2009 for individual tax payers was increased by Rs 10,000 for Male below 65 years, women and Rs 15,000 for senior citizens (i.e. 65 years and above) by the finance minister. The current income tax exemption limit is Rs 1.5 lakh (Rs 150,000) for men, Rs 1.8 lakh (Rs 180,000) for women and Rs 2.25 lakh (Rs 225,000) for senior citizens. See Income Tax Slab .....

Simple Tax Regime, Simple Tax Structure, FBT & CTT abolished, Lawyers to pay Service Tax, Corporate Tax remain Unchanged

Simple Tax Regime, Simple Tax Structure, FBT & CTT abolished, Lawyers to pay Service Tax, Corporate Tax remain unchanged. Encouraging to cut down poverty by 2014 and add 12 million jobs each year, Finance Minister Pranab Mukherjee presented India’s budget for this fiscal that hikes income tax exemption limit and moves up measures for welfare schemes and infrastructure. The income tax exemption limit for senior citizens was looked for to be increased by Rs 15,000, .....

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