mumbai

House rent allowance (HRA) is received by the salaried class. A deduction is permissible under Section 10(13A) of the Income Tax Act, in accordance with Rule 2A of the Income Tax Rules. You can claim exemption on your HRA under the Income Tax Act if you stay in a rented house and get a HRA from your employer. Full Article

Maharashtra's Rs.42,000 crore annual plan - an increase of over Rs.4,084 crore over last year's Rs.37,916 crore - for 2011-12 has been approved by the central government, an official said Friday. The plan was finalised at a meeting between Chief Minster Prithviraj Chavan and Planning Commission Deputy Chairman Montek Singh Ahulwalia in New Delhi Thursday, the official said, Full Article

Housing prices could fall by up to 20 per cent in Mumbai and Delhi-NCR sooner than expected if RBI raises key rates in its upcoming monetary policy review, says a report by property consultant Jones Lang LaSalle. "An increase in lending rates is al Full Article

CRISIL Research expects divergent price trends during the year in Mumbai and NCR (National Capital Region), the two largest residential real estate markets in India. In 2011, prices of houses are likely to decline in Mumbai, whereas prices will rise Full Article

Result of the Assessment Test held on Sunday 28th November, 2010 for the Certificate Course on International Taxation organised by the Committee on International Taxation of ICAI in Hyderabad, New Delhi, Mumbai, Chennai, Kolkata-(14-01-2011). Assesment Test Result Hyderabad (Batch 4) Full Article

The alleged mastermind of Rs 300 crore Citibank fraud, Shivraj Puri, invested most of the funds raised from corporate entities and high networth individuals in derivative instruments in stock markets. Full Article

THE Supreme Court has asked the finance ministry and Central Board of Direct Taxes (CBDT), the apex body in charge of administering India’s taxation system, to amend transfer pricing, or TP, laws if it wishes to bring domestic transactions under thei Full Article

Finance Minister Pranab Mukherjee asked on Wednesday commissioners of the income tax departmentand customs to focus on low growth in service tax, the high level of arrears and amounts locked in litigation and adjudication. Full Article