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74Income Tax Calculator (FY 2011-12) for salaried people in India
several tax calculators are available on the net. most of such calculators calculate tax on taxable income but do not provide information on various exemptions and deductions available to work out taxable income. However, IT Calc 11-12-1.0 provides information about different exemptions and deductions in such a way that any users may easily provide all the information to the calculator.
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78All About Capital Gain Tax in India
Capital gain arises on sale of assets like land, building etc as well as capital accumulation. Capital gain is of two types. Short term capital gain and long term capital gain.
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73INCOME TAX RETURN FORMS ITR-1 TO ITR-8 FOR THE FINANCIAL YEAR 2011-12
Income tax department has issued income tax return forms for the assessment year 2011-12 or the financial year 2012-13. There is always a change in the return forms for all the assessment year and these forms are required to file the income tax...
1 comment67SECTION 68 OF INCOME TAX ACT ABOUT CASH CREDIT
Where any sums is found credited in the books of an assessee maintained for previous year, and the assessee offers no explanation about the nature and source of that income or found no satisfaction answer in...
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86How To Build A LS/VTEC Frankenstein Motor
An LS/VTEC motor combines the bottom end of a non-vtech b-series motor with a DOHC VTEC head. When using the bottom end from a b20 CRV motor, you get both the torque of a larger motor with the high end power...
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73Using Perfumes or Itr in Islam
Perfume otherwise known as Itr/Attar is permitted in Islam. There are times when the Prophet (Peace and blessings of Allah be upon him) specifically asked Muslims to apply perfume, like when going to Jummah prayers (Friday prayers) and Eid prayers....
71INTEREST ON INCOME TAX REFUND
Where any refund due to the assessee, such amount is required to refunded to him without any delay, failing which the government is liable to pay interest on delayed refund in accordance with the following provisions. Refund of excess amount:-...
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69Income Tax Return Filing – Which ITR form to use?
This article clarifies the most important question this time of the year: Which ITR form to use to file the income tax return? The forms are also available for a free download.
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61New Indian Income Tax Slab/Rate
Income Tax slab for Financial year 2011-12 or assessment Year 2012-13
1 comment60ITR-V DATE OF FILLING EXTENDED TO 31ST JULY 2011
CBDT(Central board of direct taxes) has extended the date of filing ITR-V to 31st july 2011. The extension is of 120 days. This extension is given by the department in the view of miligate of hardship of the taxpayers who are prevented to file ITR-V...
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