Provisions of penalty for under reporting or misreporting of income is replaced with Section 270A which will be applicable from AY 2016-17. Old Section 271(1)(c) will no longer applicable.
Struggling with filing TDS return filing? – Here is the StepGuide to help you for the same. Happy Filing 🙂
Read short introduction of Central Excise Duty on articles of Jewellery, Who is liable to pay, Concept of manufacture and deemed manufacture, valuation on which excise is payable and important points
A small introduction to Central Excise Duty, Who is liable to pay, Important Provisions and laws relating to Central Excise, Valuation of Excise duty, What are excisable goods
CBDT has made the entire procedure relating filing of form 15G/15H online. In this blog i am discussing about how deductor/collector can upload information of form 15G/H to Income Tax Online portal.
The analysis is carried out to quantitatively observe the impact of tax benefits on saving if investment is made under NPS. Rs 50,000 are taken as basis for the analysis as tax benefit is valid only for that amount.
Purchasing own house is the priority of many individuals as in Indian context own house completes the family. Owning a house is a matter of pride and it also offers a sense of security...
Partial withdrawal was not allowed previously and the money once contributed to NPS will remain locked-in up to 60 year age of subscriber. But this rule is amended and now partial withdrawal is allowed for defined expenses.
An introduction to Business Trust- REIT