Dec 13, 2014

Condition for claiming deduction of interest on loan against income from house properrty

Conditions for Claim of Deduction of Interest on Borrowed Capital for Computation of Income From House Property [Section 24(b)]: Sectio...

Dec 12, 2014

TDS on salary relief when salary paid in arrears or advance

Relief When Salary Paid in Arrear or Advance: 3.4.1 Under section 192(2A) where the assessee, being a Government servant or an employee ...

Dec 11, 2014

TDS on salary for FY 2014-15 circular dated 10 December 2014

CBDT issued a circular no. 17/2014 dated 10 December 2014 about TDS on salary during the financial year 2014-15 u/s 192 of income tax act....

Dec 5, 2014

Bank is liable for ATM fraud withdrawl

There are instances of unscrupulous bank officials defrauding depositors. Here is a case of how Bank of India officials violated all banki...

Limit of pre paid payment instruments has been raised to 1 Lakh

Reserve Bank of India has raised the limit of pre paid payment instruments from 50000 to 100000. RBI issued a note no. 980 dated 3 Decembe...