-
siteadmin
Brief on Tax deduction on Interest of Home Loan Under Section 80EE, w.e.f. 1-4-2014
First time individual homebuyers can get tax deduction on interest of home loan, under newly inserted section 80EE of the Income Tax Act, applicable for assessment year 2014-15. This is in addition to tax rebate on interest payment of home loan, under section 24. Eligibility for 80EE rebate This rebate on home loan interest is…
-
siteadmin
How to apply for PAN Card
Permanent Account Number (PAN) is a unique identification value for the reason keeping track records of Income Tax Data by Income Tax Department. It is given by the Indian Income Tax Department under the supervision of the Central Board for Direct Taxes (CBDT) and is almost equal to a national identification number like voter ID…
-
siteadmin
Avail tax benefit on home loan paid to bank
When home loan is availed against any under-construction property, the tax benefit in respect of interest can be claimed only once the building of the property is finished. The interest paid for the period prior to the economic in which the construction of the property is finished is permissible as deduction in five equal annual…
-
siteadmin
Filing the Right Tax Returns
Tax advisor provides guide to assist you filing the right tax returns before the July 31 deadlines using the official website of the Income Tax Department .With the deadline for filing income tax returns approaching, here is an overview of tax-return forms for individuals. INCOME TAX RETURN-1 SAHAJ INDIVIDUAL INCOME TAX RETURN (AY 2013-14) Individuals…
-
siteadmin
How to save tax in India : 20 Steps
There is multiple options and contradictory advice. And a deadline that’s imminent fast. Many taxpayers find themselves in this circumstance at the beginning of the year when they have to make tax-saving investments. Before you make a option, go through our cover story to make out which is the best option for you. We have…
-
siteadmin
What is Pan Card and it uses ?
What is PAN Card? PAN (Permanent Account Number) is a 10 digit alpha-numeric number selected by the Income Tax Department to taxpayers and to the persons who submit an application for it under the Income Tax Act, 1961. This number allows the department to connect all transactions of the “person” with the department. These transactions…
-
siteadmin
Union of India and another v Dharampal Satyapal and others
Union of India and another v Dharampal Satyapal and others Delhi High Court 27 September 2013 W.P. (C) No. 4376/2012 The Judgment was delivered by : R. V. Easwar, J. 1. This writ petition under Article 226/ 227 of the Constitution of India has been filed by the Union of India, through the Secretary, Ministry of Finance,…
-
siteadmin
Wine, Spirit and Beer Association of India, Calcutta, and Others v State of West Bengal and Others. and Carew and Company Limited, Calcutta, and Another v. The State of West Bengal
Wine, Spirit and Beer Association of India, Calcutta, and Others v State of West Bengal and Others. and Carew and Company Limited, Calcutta, and Another v. The State of West Bengal Calcutta High Court 26 September 1975 Civil Rule No. 6233(W) of 1974 and Civil Rule No. 4681(W) of 1974 The Judgment was delivered by…
-
siteadmin
Sarabhai M. Chemicals Private Limited v. P. N. Mittal Competent Authority, Inspecting Assistant Commissioner of Income Tax, Acquisition Range-Ii, Ahmedabad and Another. Telerad Private Limited v P. N. Mittal, Competent Authority, Inspecting Assistant Commissioner of Income Tax, Acquisition Range-Ii, Ahmedabad, and Another
Sarabhai M. Chemicals Private Limited v. P. N. Mittal Competent Authority, Inspecting Assistant Commissioner of Income Tax, Acquisition Range-Ii, Ahmedabad and Another. Telerad Private Limited v P. N. Mittal, Competent Authority, Inspecting Assistant Commissioner of Income Tax, Acquisition Range-Ii, Ahmedabad, and Another Bombay High Court 5 February 1980 Special Civil Applications Nos. 1394 and 1481…
-
siteadmin
CIT v Indeo Airways Private Limited
CIT v Indeo Airways Private Limited Delhi High Court 31 August 2012 ITA 1620 and 1622/2010, C.M. No. 18588/2010 The Judgment was delivered by : S. Ravindra Bhat, J. 1. The Revenue in the present appeals directed against the common order of the ITAT in ITA Nos.229/Del/2004 and 321/Del/2004 concerning the block period 01.04.1998 to…
Search
Recent Post
- Sub-Registrar Offices (SROs) in Chennaiby siteadmin
- All You Need to Know About the Capital Gains Tax Exemption in FY 2022by siteadmin
- Get MSME Registration Certificate for your business and Avail Loans!by siteadmin
- [Due Date Extended] Form Inc 22-Aby siteadmin
- [Relief to Taxpayers] New GST Return filing due-dates for flood-affected areasby siteadmin