Venkkatesh K Uncategorized direct-tax, India 0
Direct Taxes are having big scope and having its effect throughout the Country and having no partiality among the State Governments. It is levied by the Central Government and the amendments are being done by the Ministry of Finance of India in each and every year in the form of Finance Budget according to the […]
Venkkatesh K Uncategorized direct-tax, indirect-tax, Taxation 0
Before begin to learn Tax, it is better to understand the Meaning of Tax and why the Government is Collecting or Levies Tax on Individuals, Firms, and Companies. In general, Tax is nothing but a kind of fee to be payable on a product, services (financial activities) and Income earned. At present, there are different […]
Venkkatesh K Uncategorized direct-tax, Finance, income-tax, India, Insurance, questions-and-answers 1
Here the term Keyman means an Employee or a Director of a Business Organization or a Professional Business. The main objective of the Keyman Insurance Policy is to compensate the Professional Businesses and Organizations to face the losses occurred to the company where in the case of premature death of its employee or director. This […]
Venkkatesh K Uncategorized direct-tax, income-tax, India, Taxation 0
The Union Finance Minister Mr. P Chidambaram has not made any changes in the Income Tax Slab rates in the Union Budget 2013 -14. He has produced the slab rates unchanged and made some relief to the tax payers who lies between 2-5 lakh slab rates. An amount of Rs. 2,000 will be given as […]
Venkkatesh K Uncategorized direct-tax, income-tax, India, Taxation 0
With the July 31 deadline for filing tax returns just a week away, the Income-Tax Department has launched two friendly initiatives – ‘Register for home visit’ and ‘Online tax help’ for the convenience of taxpayers who find the annual mandatory exercise an irksome procedure. Announcing the initiatives here on Tuesday, a Finance Ministry statement said […]
Venkkatesh K Uncategorized direct-tax, income-tax, India, questions-and-answers, slab-rates, Taxation, TCS, TDS 3
TDS(Tax Deducted at Source) / TCS(Tax Collected at Source) rates in the Union Budget 2012-13 have been amended for the Financial Year 2012-13 as the thing is common for every year as the financial stability of the Taxpayer changes. TCS( Tax collection rate chart ) for financial year 2012-13 is also given here under. There […]
Venkkatesh K Uncategorized direct-tax, income-tax, India, questions-and-answers, slab-rates, Taxation 2
For the Assessment year 2012-13, Finance Minister Pranab Mukarjee has released income tax slab rates here in New Delhi, on March 16 2012. Every tax payer in India is set to gain at least Rs.2,000 p.a., thanks to the relief proposed by Finance Minister. In his seventh national budget presented in the Lok Sabha Friday, […]