India Budget 2014-15 Highlights

Finance Minister Arun Jaitley has presented the Budget 2014-15 on 10th July 2014. So every person had his or her own expectation from budget 2014-15. The page is exclusively for all the highlights related to budget 2014-15 like news, highlights, updates and more. You can bookmark this page to get instant updates on budget. Budget … Read more

Perquisites Valuation for A.Y. 2014-15: Calculation the Value of Perquisites

Some assesse find very difficult to find out the valuation of perquisites for income tax return. So we cover here all the perquisites to help you for calculating or valuation of perquisites. All the perquisites which covered here under the new rules for A.Y. 2014-2015/ F.Y. 2013-2014 along with the amendment rules. Please check the … Read more

The Government Gave Clarification Over Tax Free Bonds

The scope and nature of business of any company are governed by the Companies Act. This act governs the movement of business and gives them some power and benefit, and also places some restriction over its working so that it could not go beyond its limit that could turn it detrimental to the society and … Read more

Conflict Between Tax Authorities and Multinational Corporations

Multinational firms have always proved to be beneficial for most developing nations. As multinational corporations have huge resources and carry out large scale production of goods and services, their taxable income is quite high which results in revenue of country’s government in the form of taxes. India has always invited foreign as well as multinational … Read more

Super Rich Tax: More Tax for Rich Peoples

Tax is an important source of income for the Indian Government through which it tries to fulfil its budget expenses for the coming year. There are millions of people who fall under the tax bracket and who pay tax whenever their taxable income exceeds the minimum exemption limit. In addition to these earlier there were … Read more

Punjab VAT efiling Return Problems and its Solutions

As you all know that Punjab VAT department has extended due date again up to 15th March, 2013. But they have not rectified their server and VAT forms for some errors. I am also facing the errors while uploading my VAT returns. But I find some solutions of these errors which I am going to … Read more

Kisan Vikas Patra – A Best Tax Saving Scheme

Kisan Vikas Patra is a scheme introduced by the Indian Government for the welfare of Indian Farmers. As the name includes “KISHAN” it does not mean that is only scheme for the farmers.  It is a scheme of mobilisation of funds for the KISAN’S. Note: Kisan Vikas Patras (KVPs) have discontinued w.e.f 1.12.2011 Who Can … Read more