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Income Tax Made Easy
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MY TAX GURU: April 2011
http://mytaxguru.blogspot.com/2011_04_01_archive.html
Income Tax Made Easy. Friday, 8 April 2011. THINGS TO KEEP IN MIND WHILE FILING INCOME TAX RETURNS. Filing tax returns is an annual mandate that tax payers have to comply with, the last date for which is in sight i.e. July 31st, 2011. In a haste to meet the deadline, make sure you do not miss key elements that can cause trouble later. Critical information should be cross verified. Safe keep all relevant documents for future use. Disclose exempt income and investments made. Income such as dividends from m...
MY TAX GURU: March 2011
http://mytaxguru.blogspot.com/2011_03_01_archive.html
Income Tax Made Easy. Friday, 18 March 2011. LAST MINUTE TAX PLANNING? Do you find yourself in a situation where there are just a bunch of days ahead for the deadline of submission of tax documents? Here is a quick guide to help you sort out your finances last minute! 2 Interest on home loan: Individuals intending to buy a house should consider opting for a. Interest payments up to Rs 150,000 pa are eligible for deduction under Section 24. 3 House Rent Allowance (HRA). You can take advantage of this if y...
MY TAX GURU: LAST MINUTE TAX PLANNING? SOME USEFUL HINTS
http://mytaxguru.blogspot.com/2011/03/last-minute-tax-planning-some-useful.html
Income Tax Made Easy. Friday, 18 March 2011. LAST MINUTE TAX PLANNING? Do you find yourself in a situation where there are just a bunch of days ahead for the deadline of submission of tax documents? Here is a quick guide to help you sort out your finances last minute! 2 Interest on home loan: Individuals intending to buy a house should consider opting for a. Interest payments up to Rs 150,000 pa are eligible for deduction under Section 24. 3 House Rent Allowance (HRA). You can take advantage of this if y...
MY TAX GURU: January 2011
http://mytaxguru.blogspot.com/2011_01_01_archive.html
Income Tax Made Easy. Tuesday, 18 January 2011. HOUSE RENT ALLOWANCE - SOME USEFUL INFO. Organizations in India follow different methods for arriving at the House Rent Allowance (HRA) exemption, while calculating income tax on employee salary. Each method produces a different exemption amount. This begs the question, “which is the correct method? As per the Indian income tax law, the HRA exemption should be calculated as the least of the following. 1 Rent paid in excess of 10% of basic salary. The above ...
MY TAX GURU: August 2010
http://mytaxguru.blogspot.com/2010_08_01_archive.html
Income Tax Made Easy. Monday, 23 August 2010. Receipt number to be quoted in Form 16/16A. Receipt number provided by TIN is in addition to the provisional receipt number provided on acceptance/upload of quarterly TDS/TCS statement. Provisional receipt number will be referred as Token no for the statements pertaining to FY 2010-11 and onwards. To check your receipt number go to tin-nsdl website. Monday, August 23, 2010. Labels: IT Circulars / Notifications. Wednesday, 18 August 2010. Rupee symbol mapped t...
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Income Tax Made Easy. Saturday, 24 September 2011. Guidance Note to the Revised Schedule VI to the Companies Act, 1956. 12 The relevant notifications along with the Revised Schedule VI to the Act are given in Annexure A. As per the relevant notifications, the Schedule applies to all companies for the financial statements to be prepared for the financial year commencing on or after April 1, 2011. 32 Early adoption of the Revised Schedule VI is not permitted since Schedule VI is a statutory format. 34 ICAI...
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