by Sailaja | Jan 26, 2015 | Direct Taxes
Housing loan entitles Individuals to Deduction Under Section 80C of the Income Tax Act, 1956, up to Rs. 1.50 Lakh and Interest Deduction under section 24 of up to Rs. 2 Lakh. This Articles deals with Faqs on Benefit U/s. 24 and 80C on Jointly Owned Property, Under...
by Sailaja | Jan 26, 2015 | Direct Taxes
Deduction u/s. 80C for tuition / school fees paid for education of children EXTRACT FROM SECTION 80C Clause xvii of section 80C xvii) as tuition fees (excluding any payment towards any development fees or donation or payment of similar nature), whether at the time of...
by Sailaja | Jan 25, 2015 | ICAI, Indirect Taxes
With the introduction of GST regime round the corner, The Indirect Taxes Committee of The ICAI has launched a standardized PPT on Goods & Services Tax (GST) to provide a single handed knowledge on upcoming GST regime in India. The standardized PPT aptly covers...
by Sailaja | Jan 24, 2015 | Direct Taxes
ADIT, International Taxation vs. Express Drilling Systems LLC (ITAT Delhi), ITA no.751/Del/2013, Date- 09th January, 2015 Disallowance u/s 40(a)(ia) shall not be made merely because TDS has been deducted u/s 194C instead of Section 194J The provisions of section...
by Sailaja | Jan 24, 2015 | ICAI
The Institute of Chartered Accountants of India vide Notification dated 23rd January, 2015, revised the minimum stipend amount to be paid by the Principal to Article Assistants during their tenure of articleship training. The revised minimum Stipend rates per month is...
