CWA K. Srinivas

Best practices of writing a cheque correctly

Income Tax - K. Srinivas CWA A bank cheque is a written order directing your bank to pay a certain sum of money against your bank balance. Almost every one of us use cheques extensively to make payments for utility bills, insurance payments etc; Writing a cheque may sound simple to many of us but believe me, writing […]...

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Proposal to hike basic tax exemption limit and likely beneficiaries

Income Tax - The Finance Minister in his budget speech proposed to raise basic exemption limit from Rs.1.8lacs to Rs.2lacs resulting in tax savings of Rs.2000. For the income above the basic exemption limits, new tax slabs have been announced too. Rs. 2 Lacs to Rs. 5 lacs - 10% , Rs. 5 lacs - Rs.10 Lacs - 20% and above Rs.10 lacs - 30%....

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Analysis of Budget 2012 proposals, Changes & effects

Income Tax - In the budget 2012, our Finance Minister Mr Pranab Mukherjee announced a series of proposals which intended to check tax evasion, improve tax compliance and tax collection. The most important among these proposals are: GAAR, TDS on immovable property purchases, Excise duty on gold jewellery etc. Today in the Budget bill discussion in the ...

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Recent Posts in "CWA K. Srinivas"

Analysis of Budget 2012 proposals, Changes & effects

In the budget 2012, our Finance Minister Mr Pranab Mukherjee announced a series of proposals which intended to check tax evasion, improve tax compliance and tax collection. The most important among these proposals are: GAAR, TDS on immovable property purchases, Excise duty on gold jewellery etc. Today in the Budget bill discussion in the ...

Read More
Posted Under: Income Tax | ,

Best practices of writing a cheque correctly

K. Srinivas CWA A bank cheque is a written order directing your bank to pay a certain sum of money against your bank balance. Almost every one of us use cheques extensively to make payments for utility bills, insurance payments etc; Writing a cheque may sound simple to many of us but believe me, writing […]...

Read More
Posted Under: Income Tax | ,

Proposal to hike basic tax exemption limit and likely beneficiaries

The Finance Minister in his budget speech proposed to raise basic exemption limit from Rs.1.8lacs to Rs.2lacs resulting in tax savings of Rs.2000. For the income above the basic exemption limits, new tax slabs have been announced too. Rs. 2 Lacs to Rs. 5 lacs - 10% , Rs. 5 lacs - Rs.10 Lacs - 20% and above Rs.10 lacs - 30%....

Read More
Posted Under: Income Tax |

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