The Government today tabled the much-awaited Direct Taxes Code bill (DTC) in the Lok Sabha which proposed to raise the exemption limit on income tax from the current Rs 1.6 lakh to Rs. 2 lakh.
The bill, introduced by Finance Minister Pranab Mukherjee, seeks to widen income tax slabs to levy 10 per cent rate [...]

It has been detected that amount worth Rs 1 crore has been withdrawn from different SBI accounts with the aid of false documents. The case has occured in the Mandi branch of the bank in Himachal Pradesh.The bank got to know about the case when customers complained about loss of cash from their accou…
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Where under an agreement or other arrangement, the tax deductible on any income is to be borne by the person by whom the income is payable, and such person is having paid such tax to the credit of Central Government, claims that no tax was required to be deducted on such income, he may [...]

Where under an agreement or other arrangement, the tax deductible on any income is to be borne by the person by whom the income is payable, and such person is having paid such tax to the credit of Central Government, claims that no tax was required to be deducted on such income, he may [...]

LIC’s Jeevan Chhaya is an Endowment Insurance policy that facilitates financial security against demise throughout the tenure of the life assured. Along with imbursement of Sum Assured instantly on casualty, one-fourth of Sum Assured is given at the completion of each of last four years of plan period whether the insured person dies or [...]

Banking regulator and monetary watchdog Reserve Bank of India has reported a growth by 19.73% in credit offtake by banks during the one year period which came to an end on July 30.The status one year back was 15.14% which indicates a commendable performance by banks this year. The credit offtake amo…
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The income tax act states, “Profession implies apparent achievement in special knowledge as distinguished from mere skill, special knowledge has to be acquired only after study and application”. It
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Life insurance is a safety measure which enables an individual to create a back up and protect his family from unpleasant and unknown forth coming situations. People use this tool to secure themselves in the future but many a times they do forget to take into consideration some factors which if ignored can harm [...]

Please use Ink Jet /Laser printer to print the ITR-V Form.
Avoid printing on Dot Matrix printer.
The ITR-V Form should be printed only in black ink.
Do not use any other ink option to print ITR V.
Ensure that print out is clear and not light print/faded copy.
Please do not print any water marks on ITR-V. [...]

Tax returns are a primary issue for every individual and every individual who is liable to pay tax on income must file their return for the financial year 2009-10 before 31st July, 2010. However, the date has been extended to 4th August, 2010 on the ground of few technical hitches that are being currently [...]