Budget 2015 Summary – 2 Minutes Read!

FM Arun Jaitley has finally stated his budget speech 2015. We are here summarising very important facts you should know about budget 2015. It is worth read for 2 minutes only. As per the finance minister, Indian economy is stable and has been able to successfully re-establish its credibility. Three major accomplishments of the current government have … Read more

Easiest Way to Calculate HRA Exemption

House Rent Allowance is normally called HRA by the assesee. The HRA means House Rent Allowance received by you from employer in respect of residential accommodation occupied by you. So in simple words the employer will pay you the rent which you are paying for your rented accommodation. Most of the assesees confuse over the … Read more

Maharashtra VAT: Registration, Returns, Forms, Notifications & More

The persons who would like to know all about Maharashtra VAT like VAT returns, VAT forms, registration, notifications, circulars, act and rules should read the entire post. As we will here discuss all about Maharashtra VAT. Maharashtra has 36 districts along with Mumbai as a capital. The official website of the Maharashtra state is www.mahavat.gov.in, where … Read more

Delhi VAT: Forms, Returns, Notifications, Act & Rules

Welcome to the page of Delhi VAT. We’ll discuss here all about Delhi VAT (DVAT) rules and regulation like Delhi VAT forms, VAT returns, notification, circulars, public notices, act & rules. You can find here the complete information related to Delhi VAT. Delhi is the capital of India and having separate VAT act and rules … Read more

Haryana VAT: Forms, Registration, Returns, Notifications, Act & Rules

The page is exclusively for the Haryana VAT. You can find here all the topics related to Haryana VAT like registration, VAT returns, notifications, circulars, act, rules and more. You can bookmark this page or subscribe your email ID to get instant updates related to Haryana VAT. Haryana is the state having 21 district along … Read more

Deduction U/S 80DD: Medical Treatment of Handicapped Dependents

As we have discussed earlier about deduction under section 80C, 80D, 80CCC, 80CCD and other deduction. Here, we’ll talk about deduction under section 80DD related to medical treatment etc and deposit made for the maintenance of handicapped dependents. You should read the complete article to know the latest provision related to A.Y. 2015-16 and A.Y.2014-15. … Read more

Total Deduction Allowed u/s 80C, 80CCC and 80CCD (A.Y.2015-16)

The most common questions asked by every readers of LessMyTax that how much deduction is allowed in aggregate under section 80C, 80CCC and 80CCD? It is common because every year the limit has been changed. So there may be confusion in the mind of the people. These deductions are not allowable against any income by … Read more

What Should I Do If Having No PAN?

As you all know that PAN is required for large banking transactions, property transactions, loans, TDS/TCS transactions and for other various income and expense payments. But you require PAN card immediately to quote on various transactions then there is problem for us. As if you are going to apply new PAN today, you have to wait … Read more

Download Union Budget 2014 including Finance Bill 2014

[vc_row][vc_column][vc_column_text] [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/1″][vc_column_text]The page is exclusively for the Union Budget 2014-15 important documents like budget speech, finance bill, memorandum, key highlights and more. We have compiled document from various official sources. You can download the budget documents easily form here. If you find any problem and required any particular document tell us via comment form.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_cta_button2 … Read more

No Tax on Income of Rs 2.5 Lakh: Budget 2014-15

As you all know that taxes are major source of revenue for the Government. The taxes like direct taxes and indirect taxes are sources. The income-tax, wealth-tax, expenditure-tax comes under direct taxes. The excise duty, customs duty, service tax etc comes under indirect taxes. So, income tax play a significance role for the revenue of … Read more

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

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