"31 August 2011" Archive

Taxation of Salary Income and valuation of perquisites

Article covers provisions related to taxation of Salary Under Income Tax , Available deductions from Salary Income , Valuation of Perquisites available to Salaried Employees and How to calculate Tax on the same and TDS provisions...

Read More
Posted Under: Income Tax |

Salary Income – Conditions for Claim of Deduction of Interest on Borrowed Capital for Computation of Income from House Property

The essential conditions for availing higher deduction of interest of Rs.1,50,000/- in respect of a self-occupied residential house are that the amount of capital must have been borrowed on or after 01.4.1999 and the acquisition or construction of residential house must have been completed within three years from the end of the financial ...

Read More
Posted Under: Income Tax |

Income Tax Rates/ Slabs FY 2011-2012 / A.Y. 2012-2013

Income Tax Rates/ Slabs for the financial year 2011-2012 (A.Y. 2012-2013) for Individual, HUF, woman, senior citizen and senior citizen of 80 Years and more-Normal Rates of tax: Applicable to Individual Male below the Age of 60 Years and HUF...

Read More
Posted Under: Income Tax |

ICAI to soon release book covering direct and indirect tax, accounting standards, list of mandatory statements and standards on auditing, peer review etc

ICAI would soon bring out a Quick Insight on CA profession to be circulated to all CA firms/ practitioners for ready reference, which has been designed to include matters relating to direct and indirect tax, accounting standards, list of mandatory statements and standards on auditing, peer review, information regarding forms relevant to s...

Read More
Posted Under: Income Tax |

Declared goods except wheat and paddy still taxable @ 4.4% in Punjab after ordinance dt 17-08-2011- Section 8(1) and 62(5) of PVAT amended

Punjab Government has promulgated an Ordinance dated 17-08-2011 vide Notification No. 33-Leg/2011 whereby proviso to section 8(1) and section 62(5) of Punjab VAT Act, 2005 have been amended. Proviso to Section 8(1) deals with rate of tax on declared goods whereas section 62(5) deals with pre-deposit of 25% before entertaining of any appea...

Read More
Posted Under: Income Tax |

Search Posts by Date

June 2021
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930