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Wednesday, June 19, 2013 
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IT deduction

Clubbing allowances with basic pay for PF deduction on cards


Decks have been cleared for clubbing of allowances with basic pay for PF deductions under the EPFO s...

Union Budget 2013: 1st time home buyers to get additional tax break of Rs 1 lakh


Finance Minister P Chidambaram Thursday raised tax deduction limit by Rs 1 lakh for the first time h...

Chidambaram to launch CPC (TDS) on Saturday


Finance Minister P Chidambaram will launch the Centralised Processing Cell for Tax Deducted at Sourc...

I-T deduction: PIL filed in Madras High Court


A PIL has been filed before the Madras High Court seeking a direction to the Central and state gover...

TDS exempted on certain payments to reduce compliance burden


The Revenue Department has exempted tax deduction at source (TDS) on certain payments like, bank gua...

Govt to remove multi-level TDS on software from July


In a big relief to the software industry, the government Thursday said it will do away with the comp...

Govt to remove multi-level TDS on software from July


In a major benefit to the software sector, the government has decided to do away with complex multi-...

Govt for TDS on real estate transactions


In order to check generation of black money in the real estate sector, the government's White Paper ...

Direct Tax collection at Rs 4.93 lakh crore in 2011-12


The government on Tuesday said it has collected over Rs 4.93 lakh crore as per provisional estimates...

Direct Tax collection at Rs 4.93 lakh crore in 2011-12


The government on Tuesday said it has collected over Rs 4.93 lakh crore as per provisional estimates...

CII for removal of TDS on corporate bonds


The government should remove tax deduction at source (TDS) norm for the bonds floated by companies i...