News & FAQs | By ALOK PATNIA | Mar 11, 2011
The Union budget 2011 announced by the Finance Minister has revised tax slabs for individual tax payers but comparing between the tax pay...
News & FAQs | By ALOK PATNIA | Mar 10, 2011
Union budget 2011 does not provide any respite from the inflation to the common man. There is not much relief to the individual for which...
News & FAQs | By ALOK PATNIA | Mar 1, 2011
Budget 2011 brings most benefits to the senior citizen class. The basic exemption limit for senior citizens has been enhanced from Rs. 2,...
News & FAQs | By ALOK PATNIA | Mar 1, 2011
Finance Minister has announced in the Budget 2011 that deduction of Rs. 20,000 u/s 80CCF in addition to the limit of Rs. 1 lac u/s 80C is...
News & FAQs | By ALOK PATNIA | Mar 1, 2011
The FM in his budget for 2011 has announced that small salaried individuals having no other income except salary income would be exempt f...
News & FAQs | By ALOK PATNIA | Feb 28, 2011
The Finance Minister has unveiled the Budget for 2011, applicable for FY 2011-12, subject to appoval by the Parliament. The FM opted agai...
News & FAQs | By ALOK PATNIA | Feb 22, 2011
Dividend is the payments made by a company to its shareholders or members out of the profit earned by the company. The company is liable ...
News & FAQs | By ALOK PATNIA | Feb 22, 2011
Employer’s retirement savings plan is an essential part of the employee’s future financial security. Every employee must know about t...
News & FAQs | By ALOK PATNIA | Feb 22, 2011
National Savings Certificate (NSC) is an assured investment instrument which provides double benefit to the certificate holder. It gives ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 21, 2011
An individual is said to be a resident in India, if he satisfies any one of the following two conditions (i) He is in India for a period ...
News & FAQs | By ALOK PATNIA | Feb 21, 2011
Income tax is a tax charged on income of any person. Income tax is an annual tax on income. Income earned in financial year is taxed in t...
News & FAQs | By ALOK PATNIA | Feb 19, 2011
A gift deed is a deed that is executed and delivered in which the donor transfers title to the donee without any payment or consideration...