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Income Tax
Indian Income Tax Rates | India Tax rates | High taxation in India
Revised Direct Tax Code – What you should know !
The much-awaited revised discussion paper on the Direct Tax Code (DTC) is set in the public domain by the Manmohan Singh government. The earlier discussion paper on the Direct Tax Code Bill was released in August 2009 to receive public…
Quote your PAN Card Number mandatorily or attract 20% TDS !
Starting from April 1, 2010, if your total income falls under any of the taxable slab, you are required to quote Permanent Account Number (PAN) in your financial transactions. Budget 2009-10 makes it mandatory to quote your PAN number in…
Union Budget 2010: Unraveling Direct Tax Proposals
Finance minister Pranab Mukherjee has proposed new tax slabs for the so called ‘aam aadmi’ in the Union Budget 2010. The tax slabs have been revised upwards for various income groups and thus providing windfall gains to middle and…
Is Arbitrary Investment in Tax-Saving ELSS MF Scheme Just Before the Year End Justified?
As the close of financial Year 2009-10 nears by, the inflows into Equity-Linked Savings Scheme (ELSS) is gaining its ground over other mutual fund schemes for the sheer benefit of tax-saving advantage that these schemes offer to its…
Direct Tax Code Bill: Highlights & Full Report
Congress Party seems to have played a masterstroke here. After not so impressive budget, they have announced something that will make the common man scream with Joy.
In fact the Government has unveiled the draft of a brand new direct tax…
Satyam letter from Mr. Ramalinga Raju to its board directors admitting fraud !
To the Board of Directors
Satyam Computer Services Ltd. Dear Board Members, It is with deep regret, at tremendous burden that I am carrying on my conscience, that I would like to bring the following facts to your notice:
The Balance…
Here’s a quick look at earnings of Indian people.
The income levels of Indians have increased phenomenally over last few years and so is the standard of living. The economy is on the rise and India is coming out from being called a third world country to a developing country.
What is the average earnings of a Non Resident Indian ?
I was very surprised to see the survey published Juxt Consultant on Non Resident Indians. The survey gave details on the earnings of Indians based abroad (Non Resident Indians). The people covered were mostly residents in UK, US...
Which is the most business friendly city in India ?
The report also compares business regulations in South Asia with 175 economies around the world. India, the region’s top reformer, implemented reforms to simplify business registration, cross-border trade, and payment of taxes, as well as…
Who are the Highest Taxpayers in India, and how much do they pay?
Do you know who are the highest Taxpayers in India. Most of you may guess that it may be one of these Business heads or the richest Indian guys on the Forbes list. In practical this is not very true. The top 10 list is crowded with…
