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

1shares 1Facebook WhatsApp 0Google+ 0Twitter 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 … Read more

What Should I Do If Having No PAN?

0shares 0Facebook WhatsApp 0Google+ 0TwitterAs 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, … Read more

Download Union Budget 2014 including Finance Bill 2014

0shares 0Facebook WhatsApp 0Google+ 0Twitter[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 … Read more

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

0shares 0Facebook WhatsApp 0Google+ 0TwitterAs 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 … Read more

India Budget 2014-15 Highlights

0shares 0Facebook WhatsApp 0Google+ 0TwitterFinance 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 … Read more

KVP Accrual Interest Calculation Easily Step by Step (Discontinued w.e.f. 1-12-11)

0shares 0Facebook WhatsApp 0Google+ 0TwitterIn this article, we will discuss only about how to calculate the accrued interest on Kisan Vikas Patras. If anyone wants to know about nomination, maturity value, maturity period, encashment, premature encashment go to the KISAN VIKAS PATRAS main article. Note: Kisan Vikas Patras (KVPs) have discontinued w.e.f 1.12.2011 The following … Read more

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

0shares 0Facebook WhatsApp 0Google+ 0TwitterSome 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 … Read more

The Government Gave Clarification Over Tax Free Bonds

0shares 0Facebook WhatsApp 0Google+ 0TwitterThe 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 … Read more

Conflict Between Tax Authorities and Multinational Corporations

0shares 0Facebook WhatsApp 0Google+ 0TwitterMultinational 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 … Read more

Super Rich Tax: More Tax for Rich Peoples

0shares 0Facebook WhatsApp 0Google+ 0TwitterTax 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 … Read more

Punjab VAT efiling Return Problems and its Solutions

0shares 0Facebook WhatsApp 0Google+ 0TwitterAs 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 … Read more

Kisan Vikas Patra – A Best Tax Saving Scheme

0shares 0Facebook WhatsApp 0Google+ 0TwitterKisan 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 … Read more