Income Declaration Scheme 2016- FAQs..! The
Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Act,
2016 is to come into force with effect from the 1 st of June,
2016. The first part of the Tax Payer Education
Series of Frequently Asked Questions (FAQs…
Showing posts with label Income Tax. Show all posts
Showing posts with label Income Tax. Show all posts
New Form to claim Tax Exemptions by Salaried Employees : Form 12BB
New Form to claim Tax Exemptions by Salaried Employees : Form 12BB E mployers ask their employees to submit income tax
investment proofs along with LTA / HRA proofs. The
problem there is no standard format for the same. Each employer has different set of forms and asks for
dif…
Income Tax department to block PAN Number, LPG subsidy of wilful tax defaulters
I ncome Tax department to block PAN Number, LPG subsidy of
wilful tax defaulters In order to cripple and check the activities of wilful tax
defaulters, the Income Tax (IT) department
has decided to “block” Permanent Account Number (PAN) of such entities, get
their LPG subsid…
Claiming Housing Loan Benefits in Income Tax Rreturn ..!
Claiming Housing Loan Benefits in IncomeTax Rreturn By Archit Gupta, ClearTax.in Buying
a home is India’s favourite dream. Buying property also involves making the
most of tax benefits. Increasingly, homes are being bought by the young with
home loans. If
you are unsure about …
5 Advantages and 5 Disadvantages of ELSS Tax Savings Fund
5 Advantages Of ELSS Equity linked
savings scheme (ELSS) is one of the best
income tax saver scheme. It has following benefits. 1 . Investment
in the share market along with the income tax savings. 2. Maturity
amount and profit is also tax-free. 3. The lock
in period of 3 (three) …
COST INFLATION INDEX - CII- FOR FINANCIAL YEAR 2016-17 IS 1125
CBDT
Notified Cost Inflation Index for F Y 2016-17 is 1125 The
Government of India, Ministry of Finance (Department of Revenue), Central Board
of Direct Taxes published in the Gazette of India, Extraordinary Notification No.
42 /2016/F.No.142/5/2016-TPL dated 02-06-2016 the …
