To give more clarity to the users of our blog, here an attempt is made for detail case study on computation of income under salary. Please see the below case study:- Mrs. X an employee director of XYZ Ltd. submit [Read More]
Mar 192015
Mar 122015
Computation in case of two house properties After discussion basic factors that are necessary for computation of income from house property, now we can analyse the practical case study on computation of income from house property: Case: Mrs. A owns [Read More]
Mar 102015
More Than One Self-Occupied Properties – Tax implication It is important for an individual, who is planning to buy a second home, to understand the tax implications under the Income-Tax Act 1961 of owning and maintaining the second home. Second [Read More]
Mar 092015
Self-Occupied Property tax implication When one property is owned for residential purposes If you are using your property for residence throughout the year and it’s not let out or used for any other purpose – in such a case the [Read More]
Mar 052015
Reasons and Remedies For Refund Failure You might have faced the cases where even after return is filled correctly and intimation is received, your account is not get credited with refund amount. This happens so even after waiting for 6 [Read More]
Mar 032015
EPFO has cut the administrative fee charged from employers effective from 1st January 2015. EPF Admin Charges Existing Rate New Rate 1.10 % of Total EPF Salary 0.85 % of Total EPF Salary Minimum Rs 5 in case of Non [Read More]
Mar 032015
Limit of deduction under 80CCC raised Budget 2015-16 – Raising the limit of deduction under 80CCC Existing Provision:- Under the existing provisions contained in sub-section (1) of the section 80CCC, an assessee, being an individual is allowed a deduction upto one lakh [Read More]
Mar 022015
Highlights: Budget 2015 FISCAL DEFICIT Fiscal deficit seen at 3.9 percent of GDP in 2015/16 Will meet the challenging fiscal target of 4.1 percent of GDP Remain committed to meeting medium term fiscal deficit target of 3 percent of GDP [Read More]
Feb 282015
Due dates for the Month of March 2015 05-03-2015 Service Tax – Service Tax payments by Companies for February 06-03-2015 Central Excise – Due date for Payment of Excise Duty for all Assessees (Including SSI Units) 07-03-2015 Income Tax – [Read More]
Feb 192015
Restructure your compensation with perquisites and other long terms benefits In our earlier blogs we have already discuss in detail about structuring your compensation plan. Here we are providing you few more tips which will help you in restructuring your [Read More]