Finance : Almost three years ago, I finished engineering and got a well-paying job. I was really proud to have become a taxpayer. But choosi...
Income Tax : The statutory provisions for the income in the nature of ‘Interest received on compensation or on enhanced compensation’ were ...
Income Tax : Download Interest Calculator U/s 234A, 234B, 234C of the Income Tax Act, 1961 - Date for Advance tax is nearing and all the Assess...
Income Tax : In general the perception is that income of Co–operative Societies is not chargeable to tax and therefore many societies do not ...
Income Tax : In this discussion, we would take up Section 36(1)(iii) of the Income Tax Act, 1961 and analyse the provision therein from all fa...
Finance : At present, premature closure of a Public Provident Fund (PPF) account is permitted on specified grounds on completion of five fin...
Income Tax : Government has decided to effect a reduction of 0.1 percentage points in interest rates across the board in all Small Savings Sch...
Finance : Central Government has notified revised Interest Rate for the perios from 01.04.2016 to 30.03.2016 on Small Savings Schemes like P...
Finance : Interest Rates of Small Saving Schemes to be recalibrated w.e.f. 1.4.2016 on a Quarterly Basis to align the small saving interest ...
Fema / RBI : To provide greater flexibility to banks in mobilizing non-resident deposits and in view of prevailing market conditions, the Reser...
Income Tax : Kerala High Court rules on denial of tax exemption to Kerala State Co-Operative Employee Pension Board due to delayed filing, dire...
Income Tax : The issue under consideration is whether the Interest paid on security deposit obtained from the members of society is allowed as ...
Income Tax : The issue under consideration is whether the delayed payment of interest on delayed refund becomes part of the principal amount wi...
Income Tax : The issue under consideration is whether the interest expense can be disallowed u/s 57(iii) on the ground that rate of interest pa...
Income Tax : Shri Kailash Chand Soni Vs ACIT (ITAT Jaipur) The issue under consideration is whether the addition on account of disallowance of ...
Finance : Rate of interest on various National (Small) Savings Schemes for the second quarter of financial year 2021-22 starting from 1st Ju...
Finance : The rate of interest on various Small Savings Schemes for the second quarter of financial year 2021-22 starting from 1st July, 202...
Finance : Rate of interest on various Small Savings Schemes (National Savings Schemes) for the fourth quarter of financial year 2020-21 (sta...
Finance : Rate of interest w.e.f 1st January, 2021 and ending on 31st March, 2021 on Small Savings Scheme i.e. Post Office Savings Account, ...
Finance : The rates of interest on various Small Savings Schemes for the third quarter of financial year 2020-21 starting from 1st October, ...
Kerala High Court rules on denial of tax exemption to Kerala State Co-Operative Employee Pension Board due to delayed filing, directs CBDT action.
Rate of interest on various National (Small) Savings Schemes for the second quarter of financial year 2021-22 starting from 1st July, 2021 and ending on 30th September, 2021 shall remain unchanged from the current interest rates applicable for the first quarter (1st April, 2021 to 30th June, 2021).
The rate of interest on various Small Savings Schemes for the second quarter of financial year 2021-22 starting from 1st July, 2021 and ending on 30th September, 2021 shall remain unchanged from the current rates applicable for the first quarter (1st April, 2021 to 30th June, 2021) for FY 2021-22.
Rate of interest on various Small Savings Schemes (National Savings Schemes) for the fourth quarter of financial year 2020-21 (starting from 1st January, 2021 and ending on 31th March, 2021) shall remain unchanged from those notified for the third quarter of Financial Year 2020-21
Rate of interest w.e.f 1st January, 2021 and ending on 31st March, 2021 on Small Savings Scheme i.e. Post Office Savings Account, 1,2,3,5 Year Time Deposit, 5 Year Recurring Deposit Scheme, Senior Citizen Savings Scheme, Monthly Income Account, National Savings Certificate (VIII Issue), Public Provident Fund Scheme, Kisan Vikas Patra and Sukanya Samriddhi Account scheme. […]
The rates of interest on various Small Savings Schemes for the third quarter of financial year 2020-21 starting from 1st October, 2020 and ending on 31st December, 2020 shall remain unchanged from those notified for the second quarter (1st July, 2020 to 3oth September, 2020) of financial year 2020-21.
The issue under consideration is whether the Interest paid on security deposit obtained from the members of society is allowed as expense u/s 57(iii) of the Act?
The issue under consideration is whether the delayed payment of interest on delayed refund becomes part of the principal amount will be eligible for interest under Section 244A?
Almost three years ago, I finished engineering and got a well-paying job. I was really proud to have become a taxpayer. But choosing the right investment option to save tax was difficult as there are innumerable options. Though a friend suggested me to invest in mutual funds, I was not very interested as my father […]
The statutory provisions for the income in the nature of ‘Interest received on compensation or on enhanced compensation’ were brought to Income Tax by the Finance Act’ 2009. When these provisions were introduced, the Memorandum explaining the provisions of the Finance Bill 2009 had this to say:
