Income Tax exemption limit should be raised to Rs 5 Lakh: Arun Jaitley Arun Jaitley, one of BJP’s prominent leaders says that raising income tax slab to Rs 5 lakh will benefit more than thirty million people in the country. He also added that direct tax should be reduced, If the Income Tax limit is raised from Rs. 2 lakh to Rs. 5 lakh, 3 crore people will save Rs. … [Read more...] about Income Tax exemption limit should be raised to Rs 5 Lakh: Arun Jaitley
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Income Tax Slab
Government urges all tax Payers to pay Appropriate taxes and to disclose their True income within the Current Financial Year…
Government urges all tax Payers to pay Appropriate taxes and to disclose their True income within the Current Financial Year... A Compliance Management Cell has been set-up to Ensure Follow-up Action and Track Return Filing and Tax Payment of the Target Segment; 70,000 Letters are being sent in 2 Batches to High Priority Cases in this Month The Union Finance Minister Shri … [Read more...] about Government urges all tax Payers to pay Appropriate taxes and to disclose their True income within the Current Financial Year…
IT Department Urges Taxpayers to Pay all Self- Assessment Tax Dues by 31ST March
IT Department Urges Taxpayers to Pay all Self- Assessment Tax Dues by 31ST March The Income-tax Act requires that the tax payable on the returned income after taking into account prepaid taxes, should be paid before furnishing the return. An analysis of returns filed electronically in the current Financial Year (2012-13) reveals that nearly 73,388 taxpayers have defaulted on … [Read more...] about IT Department Urges Taxpayers to Pay all Self- Assessment Tax Dues by 31ST March
Income Tax Refund : Interest on Income Tax refund amount due to delay
Income Tax Refund : Interest on Income Tax refund amount due to delay The below information was said in a written reply to a question about interest paid on income tax refund amount due to delay in Lok Sabha by the Minister of State for Finance Shri.S.S.Palanimanickam on 1st March, 2013 as follows… The Income Tax Act 1961, stipulates that refund to a taxpayer shall … [Read more...] about Income Tax Refund : Interest on Income Tax refund amount due to delay
INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 201 2-2013 UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961
INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 201 2-2013 UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961 OFFICE OF THE CONTROLLER GENERAL OF DEFENCE ACCOUNTS Ulan Batar Road, Palam, Delhi Cantt-110010 No.AN/XIV/14119/l.Tax-IX Dated 09.11.2012 To All the PCsDA /CsDA (Through CGDA Mail Server) SUBJECT : INCOME-TAX DEDUCTION FROM SALARIES DURING THE … [Read more...] about INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 201 2-2013 UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961
INCOME TAX RATES FOR INDIVIDUALS AS PER STANDING COMMITTEE
INCOME TAX RATES FOR INDIVIDUALS AS PER STANDING COMMITTEE DTC may bring relief on I-T rates Chidambaram assures that on tabling the Bill Parliament will abide by all recommendations of the standing committee. After the Direct Taxes Code (DTC) Bill is approved by Parliament, it may bring with it major relief for personal income tax payers. At a press conference on … [Read more...] about INCOME TAX RATES FOR INDIVIDUALS AS PER STANDING COMMITTEE
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