DIRECT TAXES Rates of income-tax in respect of income liable to tax for the Financial year 2015-2016. In respect of income of all categories of assesses liable to tax for the assessment year 2015-2016, the rates of income tax have been specified in Part I of the First Schedule to the Bill. These are the […]
Category Archives: Income Tax
Income Tax is the tax which directly levy on income of any personal.Central Board of Direct tax manage all the things related Direct Tax.
Black Money – Generation and avoidation Black money means to create funds by non payment of income taxes by way of : – 1. filing income tax return by showing low income . 2. Money earned through bribes and corruption by government employees,officer and politicians. 3. Commission earned through arranging government deals and purchase.
Is Second House Property – Create problem in Income Tax? Is any exemption/deduction is available in income from House Property liable to Tax?
Meaning of Calculation of Assessed Tax for the Interest under section 234B We regularly face situations where we are required to compute interest under section 234B of the IT Act, 1961 Whereas, the present scenario is that this interest calculation is automatically done in the income tax return (ITR) utility available on the web portal […]
Key features of NSDL Form 24G RPU / File Utility Version 1.4 w.e.f 26.12.2014 Form 24G Return Preparation Utility (RPU) and File Validation Utility Version 1.4 for the Form 24G Statements from FY 2005-06 onwards released (26/12/2014).Key features of NSDL Return Preparation Utility (RPU) version 1.4