Finance : K. Srinivas CWA A bank cheque is a written order directing your bank to pay a certain sum of money against your bank balance. Almo...
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 sav...
Income Tax : In the budget 2012, our Finance Minister Mr Pranab Mukherjee announced a series of proposals which intended to check tax evasion, ...
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 Parliament, the Finance Minister amended some of the proposals that he announced in the budget day. Here is a synopsis of the original proposals, the changes and the effects of such changes.
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 […]
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%.
