CA Naresh Jakhotia

Surgical strike on cash- accepting cash of Rs. 2 Lakh and more is an offence now- Section 269ST

Income Tax - In India, the quantum of domestic black money is huge which adversely affects the revenue of the Government creating a resource crunch for its various welfare programmes. Black money is generally transacted in cash and large amount of unaccounted wealth is store and used in form of cash....

Read More

Pradhan Mantri Garib Kalyan Yojna- 2016: The Final Call

Income Tax - Apprehension of retrospective amendment in the Income Tax Act was anticipated by almost all the tax professionals as 200% penalty was not possible in the present framework of law. ...

Read More

Avail the Tax Bonanza by investing Rs. 50,000/- in NPS

Income Tax - One of the biggest tax saving bonanza by the Finance Act-2015 was insertion of sub-section 1B to section 80CCD in the Income Tax Act-1961 whereby an additional deduction of Rs. 50,000/- is offered to the taxpayer for contribution in the National Pension Scheme (NPS)....

Read More

HRA Exemption on maintenance Charges Paid Separately?

Income Tax - I am paying a house rent for Rs 14,000/- per month and additional Rs. 1,200/- towards maintenance for which receipt is being given to me every month. Will I get House Rent Allowance (HRA) exemption on Rs. 14,000/- or Rs 15,200/-. Please clarify....

Read More

Whats Better- House Rent Allowance or Deduction U/s 80GG?

Income Tax - Employees generally receive a house rent allowance (HRA) as a part of the salary package, in accordance with the terms and conditions of employment. HRA is given to meet the cost of a rented house taken by the employee for his stay. Exemption on HRA is available under Section 10(13A) of the Income Tax Act and Rule 2A of the Income Tax Rul...

Read More
Sorry No Post Found
Sorry No Post Found
Sorry No Post Found

Recent Posts in "CA Naresh Jakhotia"

Surgical strike on cash- accepting cash of Rs. 2 Lakh and more is an offence now- Section 269ST

In India, the quantum of domestic black money is huge which adversely affects the revenue of the Government creating a resource crunch for its various welfare programmes. Black money is generally transacted in cash and large amount of unaccounted wealth is store and used in form of cash....

Read More

Pradhan Mantri Garib Kalyan Yojna- 2016: The Final Call

Apprehension of retrospective amendment in the Income Tax Act was anticipated by almost all the tax professionals as 200% penalty was not possible in the present framework of law. ...

Read More
Posted Under: Income Tax |

Avail the Tax Bonanza by investing Rs. 50,000/- in NPS

One of the biggest tax saving bonanza by the Finance Act-2015 was insertion of sub-section 1B to section 80CCD in the Income Tax Act-1961 whereby an additional deduction of Rs. 50,000/- is offered to the taxpayer for contribution in the National Pension Scheme (NPS)....

Read More
Posted Under: Income Tax | ,

HRA Exemption on maintenance Charges Paid Separately?

I am paying a house rent for Rs 14,000/- per month and additional Rs. 1,200/- towards maintenance for which receipt is being given to me every month. Will I get House Rent Allowance (HRA) exemption on Rs. 14,000/- or Rs 15,200/-. Please clarify....

Read More
Posted Under: Income Tax | ,

Whats Better- House Rent Allowance or Deduction U/s 80GG?

Employees generally receive a house rent allowance (HRA) as a part of the salary package, in accordance with the terms and conditions of employment. HRA is given to meet the cost of a rented house taken by the employee for his stay. Exemption on HRA is available under Section 10(13A) of the Income Tax Act and Rule 2A of the Income Tax Rul...

Read More
Posted Under: Income Tax | ,

Submitting Form No. 15G & 15H -Points to Remember

Very often, readers keep enquiring about the submission of forms No. 15G/15H to the banks or others payer so that interest could be received without deduction of tax at source (TDS). In this column, I am covering all about Form No. 15G & 15H and hopefully the detailed elaboration hereunder would provide a comprehensive picture about the s...

Read More
Posted Under: Income Tax | ,

Depereciable Assets U/S 50 and Benefit of Section 54EC/54F

Section 54, 54EC & 54F talks about the capital gain arising on transfer of long-term capital assets and one may note that depreciable assets if hold for a period of more than 36 months becomes a long-term capital assets. Section 54/54EC/54F are an independent sections & don’t make any distinction between Depreciable assets vis a vis Non...

Read More
Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (3,523)
Company Law (3,466)
Custom Duty (6,671)
DGFT (3,499)
Excise Duty (4,051)
Fema / RBI (3,292)
Finance (3,496)
Income Tax (25,329)
SEBI (2,758)
Service Tax (3,288)

Search Posts by Date

November 2017
M T W T F S S
« Oct    
 12345
6789101112
13141516171819
20212223242526
27282930