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Taxclick Team, Author at All About Finance - Page 69 of 97

Allowance which are not taxable in the hands of salary earners

        What is allowance? The allowance is the fixed amount of money or other substance given regularly in addition to salary for the purpose of meeting some particular requirement connected with the services rendered by the employee or as compensation for unusual conditions of the service. The allowances are fixed amount and it … Read more

Procedure for submission of returns under Profession Tax and Luxury Tax after making Payment through GRAS

8th floor, Vikrikar Bhavan, Mazgaon, Mumbai – 400010 TRADE CIRCULAR To, No. DC (PT) / Adm-20/ 2014 / 55  Trade Circular No. 3 T of 2015 Mumbai, Date: 20.02.2015 Sub: Procedure for submission of returns under Profession Tax, Luxury Tax & Sugarcane Purchase Tax Act after making Payment through GRAS Ref: Trade Circular No.16 T … Read more

Save your income tax up to Rs.45,000 by investing in qualifying amount under section 80C of Income Tax Act

         What is deduction? The deduction is specified amount which the taxpayer can deduct from his Gross Total Income. The deduction under section 80C not only encourages savings, but also assists the taxpayers in meeting their essential expenditures.          Let’s know the background of section 80C:  Most of the Income … Read more

Income Tax Department, Ahmedabad invited application from Chartered Accountants to carry out Special Audit u/s 142(2A)

GOVT. OF INDIA OFFICE OF THE Pr.CHIEF COMMISSIONER OF INCOME-TAX, AAYAKAR BHAVAN, ASHRAM ROAD AHMEDABAD — 380 009 Tel. No. / Fax : (079) 27546037 No.Pr.CCIT/ABD/HQ-COORD/Special Audit/2014-15 Date: 17.02.2015 NOTICE FOR INVITING APPLICATION Income Tax Department, Ahmedabad invites application from qualified Chartered Accountant/firm of CAs for empanelment to carry out Special Audit u/s 142(2A) of … Read more

Anti-dumping duty on imports of acetone, originating in or exported from Korea RP

 [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY]                                                            GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)   Notification No. 05/2015-Customs (ADD)   New Delhi, the 18th February, 2015                         G.S.R.       (E). – Whereas, the designated authority, vide  notification No. 15/13/2013-DGAD, dated the 6th June, 2013  published in the Gazette … Read more

Now Star and Premier Trading Houses can import gold on DP basis as per entitlement without any end use restrictions

RBI/2014-15/474 A.P. (DIR Series) Circular No.79 February 18, 2015 To All Category – I Authorised Dealer Banks Madam / Sir, Guidelines on Import of Gold by Nominated Banks / Agencies Attention of Authorised Dealer Category – I (AD Category – I) banks isinvited to the provisions contained in A.P.(DIR Series) Circular No.42 dated November 28, 2014 in terms … Read more

Printing of Budget Documents of Union Budget 2015-16 Commenced with Halwa Ceremony

Printing of Budget Documents of Union Budget 2015-16 Commenced with Halwa Ceremony; more than 100 Officials Involved in Making the Union Budget will be Locked in Press Till Union Budget is Presented in Lok Sabha by the Finance Minister on 28th February, 2015  More than 100 officials involved in making the Union Budget 2015-16 will … Read more

Save your income tax along with medical bill under section 80D by paying Mediclaim insurance premium

What is Section 80D? Deduction under this section is available in respect of payment to Medical Insurance Premium. Mediclaim Insurance Policy is the policy on the health of a person. Health Insurance, popularly known as Mediclaim, protects you against unexpected medical costs, arising from disease or accidental injuries. As essential financial tool, it ensures you receive medical … Read more