Month: March 2016

Falling in Interest rate

Falling in Interest rate
Interest and return on investments (For e.g. Fixed Deposit, Property and other investment tools) are continuously falling. But on the other hand, The return i.e. interest rate on Public Provident Fund,

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Daughters right in ancestral property

Daughters right in ancestral property
The first question after the Supreme Court recent ruling in Prakash & Ors v. Phulavati & Ors, rendered on 16 October 2015 comes to everyone’s mind is whether the Supreme

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Service tax assessees to file annual return

Service tax assessees to file annual return
Although, with the government resorting to implement unified taxation regime GST in near future, it was hoped that the number of returns to be filed by an assessee

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KRISHI KALYAN CESS

KRISHI KALYAN CESS 
The Government of the day believes that taxation is a major tool available to the Government for removing poverty and inequality from the society. To a common man, tax, surcharge or cess

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Income tax department has started sending notices to non-filers for the assessment year 2013-14 & onwards

Income tax department has started sending notices to non-filers for the assessment year 2013-14 & onwards
Income tax department has started sending notices to non-filers for the assessment year 2013-14 & onwards & are also

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Presumptive Taxation of Business: Analysis of Amendments

Presumptive Taxation of Business: Analysis of Amendments
Section 44AD widely affects the businesses in small sector. It was brought in its present shape by Finance Act 2009 wef AY 2011-12. It implies that legislature at

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