Articles, tagged with "income tax act", page 3

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The Canada Revenue Agency developed an alternative system for recording business travel with the aim to assist businesses in substantiating the business use of a motor vehicle that was used for business and personal reasons. Businesses can choose to m... Read >
Author: Mark

Tax nuances – HRA and home loan

The Income Tax Act treats HRA and home loan deductions under separate sections independently. The two are not interconnected to each other. HRA is dealt with in section 10(13A) Rule 2A while home loans are entitled for tax benefits under section 80C (tax ... Read >
Author: Adhil Shetty

Union Budget 2011: ASSOCHAM expects addressing of macro issues

IN THE wake of escalating inflation, scandals, tight liquidity and rising current account deficit, Finance Minister Pranab Mukherjee is presenting the sixth union budget 2011. With challenges galore, Mukherjee's need of the hour is to satisfy the comm... Read >
Author: Merinews

ING Life plan at Rs 1939 crore premium in 2010-11

ING Vysya Life Insurance Company Ltd has set a pan-India premium collection target of Rs 1939 crore in the current financial year. The insurance company also aims to come out with a couple of new products in the first quarter of 2011-12. Addressing media... Read >
Author: Bimadeals

NG Life launches ING ACE (Pension & Life) conventional plan

NG Life India, in its 10th year of operations, today launched a highly attractive conventional insurance product, ING ACE (Pension & Life) with features such as high guaranteed additions, limited premium pay and Tax benefit under Section 80 C of Income Ta... Read >
Author: Bimadeals

India Tax Returns

India tax returns are used by all individuals who come under the taxable slab as prescribed by the Government of India. Nevertheless, tax returns in India are also applicable to property owners, telephone subscribers, car owners, and credit card holders. ... Read >
Author: Indiabusiness11

Insurers want detach tax deduction limit

With the Budget just round the corner, insurance companies have suggested a separate limit for deductions under Section 80C of the Income Tax Act, for long-term saving instruments like life insurance and exempt exempt exempt (EEE) treatment on the maturit... Read >
Author: Bimadeals

Income Tax in India

In India all individuals who all are earning money have to pay tax on the basis of revenue he/she is getting. There are different criteria for men, women and senior citizens for paying levy decided on every FY in budget. Income tax in India is a major ... Read >
Author: Indiabusiness11

The Tax Honesty Movement

Finance Minister released the draft of Direct Tax Code (DTC) for public discussions in August 2009. CBDT (Central Board of Direct Taxes) released the Revised DTC discussion paper in June 2010 for inviting further comments on the modified proposals in DTC.... Read >
Author: Abraham Williams

Law - Capital Gains Tax

Geoffrey Donoghue of Always Marbella reports on the latest news and events. For more information please visit Always Marbella´s website www.alwaysmarbella.com This Act includes important changes affecting Offshore Companies. These are companies from a ... Read >
Author: Geoffrey Donoghue

Get health insurances to reduce your tax liability

Keeping up with today’s world is proving to be rather difficult for a number of people. This is mainly because of the fast pace at which the world is developing. There is no time to slow down to contemplate the past and no time to slow down and look at th... Read >
Author: Rini

Tips on Applying a Punjab National Bank Savings Account

Why should we have a savings account? A savings account is the way of a country to promote saving money among its citizens. To have a secure place for money being saved, the government established banks. The money in savings account at the bank is insured... Read >
Author: GilbertTenorio

Understanding The Dreaded Income Tax

Senior citizens, for example, can claim certain kind of benefits and will also be able to avail of exemptions on their income tax by hiring a lawyer to file their income tax returns. Similarly, self-employed professionals will need to pay tax on their inc... Read >
Author: Bill Potter

INCOME FROM HOUSE LIABLE TO TAX

Income earned from a house is taxable under a separate head - 'Income from House Property'. The relevant provisions related to tax under this head are provided under Section 22 to Section 27 of the Income Tax Act. In order to be taxable, an assessee must... Read >
Author: zameen

Insurance Policies and Tax Breaks

The government in India wants to promote sale of life insurance polices and hence provides tax incentives for purchase of life insurance products. The idea is not to favour the life insurance industry, but it is to ensure that people take adequate amount ... Read >
Author: Deepak Yohanann

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