Tax

Four ways to escape from income tax!

Thumbnail image for Four ways to escape from income tax! by Shakti Singh Dulawat May 21, 2012

Income tax is a big source of raising revenue for the government of the country, however; it brings a feeling of headache and seems like a burden when you have to pay it. Everyone seeks to escape from paying income tax as it brings a feeling of wasting money because a big part of your [...]

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Income tax section 24 benefits of a housing loan

Thumbnail image for Income tax section 24 benefits of a housing loan by Divesh Singhvi May 21, 2012

There are two parts of a house loan reimbursement –Principal and the interests, and each of these parts is treated distinctly the calculation of tax profit functions. The principal value is roofed underneath Section 80C and includes a limit of Rs. 1 Lakh. This can be solely on the market to you if you reside [...]

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The difference between the Value Added Tax and the sales tax

Thumbnail image for The difference between the Value Added Tax and the sales tax by Divesh Singhvi May 18, 2012

Also known as the “Goods and Service Tax”, Value Added Tax is totally different from sales tax charged on exchanges. Value Added Tax is a sort of indirect tax that is charged on goods and services at different production levels. This tax is also applied to import goods with a similar rate of local production. [...]

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Tax Slabs INDIA After Budget 2012

by Kuldeep May 17, 2012

Indian Finance Minister Pranab Mukherjee has revised the I-T slabs now. The new tax slabs have been aligning as per the proposed Direct Tax Code (DTC). No tax till 200,000 (from 180,000) 10% from 200,000 to 500,000 20% from 500,000 to 10,00,000 30% above 10,00,000 Now there is no separate exemption limit for women’s while [...]

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Guidelines On Online Application For New PAN (Form 49A)

Thumbnail image for Guidelines On Online Application For New PAN (Form 49A) by Divesh Singhvi August 11, 2010

Very recently, people are clamoring for an easier and a more fast and practical way of applying for a PAN card, in short, an online way of accomplishing it. But what is a PAN card?  PAN or  Permanent Account Number  is a ten-digit alphanumeric code generated by the India’s ‘Income Tax Department’, that is  required [...]

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Steps In E-filing Tax Returns

by Shakti Singh Dulawat July 2, 2010

Hi my dear avid readers!  It’s good to hear from you and it’s my pleasure to do your requests as long as I’m able.  Just lately, my email got flooded with questions from you: what an e-tax is and how to go about it.  So, with all my heart’s content and with so much joy [...]

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Income Tax Rates/ Slab 2009-10

by Shakti Singh Dulawat July 6, 2009

Hello friends some of our reader search about Income Tax Rates/ Slab 2009-10 on this website, I think it is necessary to show the information.Here are new Tax rate after budjet Income Tax Rates/ Slab 2009-10For the Assessment Year 2009-10 Taxable income slab (Rs.) Rate (%) Up to 1,60,000Up to 1,90,000 (for women)Up to 2,40,000 [...]

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Easy Steps to Tax Filing

by Shakti Singh Dulawat July 3, 2009

During a “Tax Filing Day” people often forget documents, get stuck in the middle of a long line or even get tired of the crowd. If you won’t make it on time, you would be paying a liable penalty which is very frustrating. There are easy step to follow so that Tax Filing would be [...]

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File tax returns last date July 31 2009

by Shakti Singh Dulawat June 24, 2009

Now date are close to file your income tax return before starting this article please read Income Tax Rates/ Slab 2008-09 Filling income tax returns before July 31 is obligatory for all individuals earning above1.5lakhs (women – Rs. 1.8 lakes and Rs. 2.25 lakes for senior citizens ) Most people do not know how to [...]

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Tax Planning For First Timers

by Shakti Singh Dulawat June 23, 2009

You have just set up your own business, and aside from the activities that need to be done to get everything up and running, you should also pay enough attention to the accounting side of your business. The sooner you get this part organized, the sooner you will be able to concentrate on the business [...]

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