Revised Income Tax return u/s.139(5) An assesses who is required to file a Revised Income Tax return is entitled to revise the return of income originally filed by him to make such amendments, additions or changes as may be found necessary by him. Such a revised return may be filed by the assesses at any […]
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Fiscal deficit means the government’s total expenditure (excluding the money it’s borrowed) exceeds its revenue. Expenditure on money’s borrowed by government does not considered in fiscal deficit rather it forms part of budget deficit. Budget deficit is normally known as national debt. A country’s fiscal deficit is usually calculated as a percentage of its gross […]
Constitution and Taxation of India By replacing the Government of India Act (1935) The Constitution of India came into force on 26 January 1950. Constitution is the soul of every country. Indian Constitution is the Constitution of the people, by the people, for the people and hence every Indian feels proud to follow it and […]
Planning for housing Loan? You can generally seek a first time housing loan for buying a house or a flat, renovation, extension and repairs to your existing house. Most banks have a separate policy for those who are going for a second house. Please remember to seek specific clarifications on the above-mentioned issues from your commercial bank.
The festival of Christmas is being celebrated all over the world very joyfully. In this festival Santa Clause make exchange of gifts to all. Children enjoy the festival very joyfully. All religion teaches same spiritual thoughts. All people should live and let others live happily and peacefully. To teach good thoughts is the only […]