Relief for Taxpayers in the Bracket of Rs.2 Lakh to 5 Lakh Tax Credit of Rs.2000 to Every Person with Total Income upto 5 Lakh The Finance Bill 2013-14 proposes a relief of Rs.2000 to every person who has a total income upto Rs.5 lakh in a financial year. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram said that 1.80 crore … [Read more...] about Relief for Taxpayers in the Bracket of Rs.2 Lakh to 5 Lakh Tax Credit of Rs.2000 to Every Person with Total Income upto 5 Lakh
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IT Exemption - Income Tax Exemption - CENTRAL GOVERNMENT EMPLOYEES NEWS
Proposed Income Tax: IT exemption Limit for the financial year 2013-2014
Proposed Income Tax: IT exemption Limit for the financial year 2013-2014 Congress Leaders requested Finance Minister to raise Income tax exemption Limit to Rs.4 lakhs in the budget 2013-14 In a pre-budget meeting with Finance Minister P Chidambaram here on Thursday, Congress leaders have asked the UPA government to increase the taxable income exemption limit to Rs 4 lakh … [Read more...] about Proposed Income Tax: IT exemption Limit for the financial year 2013-2014
Income Tax Section 80-CCG : New Tax Saving Scheme ‘Rajiv Gandhi Equity Saving Scheme’ (RGESS)
Finance Minister approves the Operational Features of the Rajiv Gandhi Equity Savings Scheme (RGESS) The Union Finance Minister Shri P. Chidambaram approved a new tax saving scheme called “Rajiv Gandhi Equity Saving Scheme“(RGESS),exclusively for the first time retail investors in Securities Market. This Scheme would give tax benefits to new investors who invest up to Rs. … [Read more...] about Income Tax Section 80-CCG : New Tax Saving Scheme ‘Rajiv Gandhi Equity Saving Scheme’ (RGESS)
Scope of the Terms of Reference of the Expert Committee Headed by Dr. Parthasarathi Shome on Gaar Expanded to Include all Non-Resident Tax Payers Instead of Only FIIs
Scope of the Terms of Reference of the Expert Committee Headed by Dr. Parthasarathi Shome on Gaar Expanded to Include all Non-Resident Tax Payers Instead of Only FIIs The Standing Committee on Finance has presented its report on Current Economic Situation and Policy Options to Parliament on August 30, 2012. The Committee has inter alia found that the investment climate in … [Read more...] about Scope of the Terms of Reference of the Expert Committee Headed by Dr. Parthasarathi Shome on Gaar Expanded to Include all Non-Resident Tax Payers Instead of Only FIIs
Contribution Towards Employee’s Pension Fund
Press Information Bureau Government of India Ministry of Labour & Employment 22-August-2012 16:42 IST Contribution Towards Employee’s Pension Fund An amount of Rs. 14,767.47 crore (as per unaudited Balance Sheet of 2011-12) has been received as contribution in Employees’ Pension Fund for the financial year ending on 31.3.2012. An amount of Rs. 1,62,980.04 crore … [Read more...] about Contribution Towards Employee’s Pension Fund
Representative Assessees of Non-Residents and in the Case of Private Discretionary Trusts
CBDT Relaxes Compulsory E-Filing of Return of Income for Assessment Year 2012-13 - for Representative Assessees of Non-Residents and in the Case of Private Discretionary Trusts Rule 12 of the Income-tax Rules, 1962 mandates that an individual or Hindu undivided family, if his or its total income or the total income in respect of which he is or it is assessable under the Act, … [Read more...] about Representative Assessees of Non-Residents and in the Case of Private Discretionary Trusts
Due Date of E-Filing of Income Tax Returns for Assessment Year 2012-13 Extended up to 31st August, 2012
Press Information Bureau Government of India Ministry of Finance 31-July-2012 17:17 IST Due Date of E-Filing of Income Tax Returns for Assessment Year 2012-13 Extended up to 31st August, 2012 On consideration of the reports of disturbance of general life caused due to failure of power and further in consideration of the fact that the e-filing of returns for a specified … [Read more...] about Due Date of E-Filing of Income Tax Returns for Assessment Year 2012-13 Extended up to 31st August, 2012
Income Tax Due Date extended for filing returns to 31.8.2012
Income Tax Due Date extended for filing returns to 31.8.2012 Extends the due date of filing of returns of income for the assessment year 2012-13 to 31.8.2012 Finance Ministry has decided to extend the due date for filing the returns of income for the assessment year 2012-13 to 31st August 2012. A notification has been issued by the department of revenue today on its … [Read more...] about Income Tax Due Date extended for filing returns to 31.8.2012
Income Tax Department Starts Two More Taxpayer Friendly Initiatives : ‘Register for Home Visit’ and ‘Online Tax Help’
Press Information Bureau Government of India Ministry of Finance 24-July-2012 16:57 IST Income Tax Department Starts Two More Taxpayer Friendly Initiatives : ‘Register for Home Visit’ and ‘Online Tax Help’ In order to make the Income Tax Return filing experience even more convenient, the Income Tax Department has started two more taxpayer friendly initiatives ‘Register … [Read more...] about Income Tax Department Starts Two More Taxpayer Friendly Initiatives : ‘Register for Home Visit’ and ‘Online Tax Help’
Exemption of Salaried Employees from Requirement of Filing of Returns for Assessment Year 2012-13
Press Information Bureau Government of India Ministry of Finance 20-July-2012 15:49 IST Exemption of Salaried Employees from Requirement of Filing of Returns for Assessment Year 2012-13 Central Board of Direct Taxes (CBDT) vide its Notification No. 9/2012 dated 17th February, 2012 has exempted salaried employees from the requirement of filing the … [Read more...] about Exemption of Salaried Employees from Requirement of Filing of Returns for Assessment Year 2012-13
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