Tax and other benefits from taking Home loan in Joint Names

Tax and other benefits from taking Home loan in Joint Names Posted: 11 Jan 2012 06:58 PM PST Tax benefits of Home Loan- Overall there are two types of tax benefits that are available on the repayment of a housing loan. Interest paid on the loan is eligible for a deduction up to Rs. 1.5 lakh per annum from the taxable income of the... [[ This is a content summary only. Visit www.taxguru.in for full article.]] CBI register case against three custom official for fraudulent clearance of goods Posted: 11 Jan 2012 06:03 PM PST The allegation in brief is that Kuwait based private firm had sent 3 items of electronic goods i.e. one Plasma T.V., a Sound System and Mounting brackets worth Rs.90,727/- in favour of a Lady, resident of Melattoor P.O., Trichur, whose husband was... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Compounding of offences under the Income tax Act, 1961 Posted: 11 Jan 2012 05:38 PM PST This paper aims at bringing out the intricacies of prosecution of offences contained in the Income Tax Act, 1961 and their compounding. This paper further minutia the various guidelines issued by the CBDT in this regard. The readers are cautioned to... [[ This is a content summary only. Visit www.taxguru.in for full article.]] November, 2011 Exams – ICAI likely to declare CA Final and CPT examination Result on 18th January, 2012 Posted: 11 Jan 2012 04:55 AM PST Results of the Chartered Accountants Final Examination held in November, 2011 and Common Proficiency Test (CPT) held in December, 2011 are likely to be declared on Wednesday, the 18th January, 2012 [[ This is a content summary only. Visit www.taxguru.in for full article.]] Salient Features of Tax Free Bonds Proposed to be issued by Indian Railway Finance Corporation Limited Posted: 11 Jan 2012 03:17 AM PST TAX BENEFITS ON PROPOSED ISSUE OF TAX FREE BONDS BY INDIAN RAILWAY FINANCE CORPORATION LIMITED The income by way of interest on these Bonds is fully exempt from Income Tax and shall not form part of Total Income as per provisions under section... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 14A applicable even for the period when Rule 8 was applicable Posted: 11 Jan 2012 02:52 AM PST Remi Sales And Engineering Ltd. Vs. Addl. CIT (ITAT Mumbai) -  Even prior to Assessment Year 2008-09, when Rule 8D was not applicable, the Assessing Officer has to enforce the provisions of sub section (1) of section 14A. For that purpose, the... [[ This is a content summary only. Visit www.taxguru.in for full article.]] PFS Long Term Infrastructure Bond – Tax Benefits and issue details Posted: 11 Jan 2012 02:42 AM PST PTC India Financial Services Ltd. (PFS) has launched infrastructure bonds in the name as PFS Long Term Infrastructure Bond – Series 2, under section 80CCF of face value of Rs. 5000/- each to remain open till February 29, 2012 for subscription. [[ This is a content summary only. Visit www.taxguru.in for full article.]] Kolkata CA firm fixed ITAT for getting favourable orders passed, CBI Chargsheet against him and ITAT members Posted: 10 Jan 2012 10:07 PM PST The Central Bureau of Investigation (CBI) all set to file chargesheet against a judge of an Income Tax tribunal for colluding to pass favourable orders for a Chartered Accountants firm's clients. The CBI is said to have collected evidence that a... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Finance Minister Launches the Signature Tune of the Indian Customs – Pragati Ki Dhadkan Posted: 10 Jan 2012 09:08 PM PST Union Finance Minister, Shri Pranab Mukherjee said that the Indian Customs Department has played an active role in automation of its processes to facilitate genuine trade for filing all documentation relating to imports and exports by EDI System... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Maharashtra – Electronic payment under the Profession Tax Act, 1975 Posted: 10 Jan 2012 09:07 PM PST The dealers under the MVAT Act 2002 and the CST Act 1956 are successfully using the facility of filing electronic returns and making e payments on www.mahavat.gov.in. the web site of Maharashtra Sales Tax department (MSTD) This facility was to be... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Finance Minister Holds First Pre Budget Consultations with Agriculture Group Posted: 10 Jan 2012 09:06 PM PST The Union Finance Minister Shri Pranab Mukherjee said that the current year was a challenging one as far as the domestic and the global economy was concerned. The Finance Minister said that the inflation especially the food inflation remained very... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Minimum Export Price of Onions – Notification No 94 (RE – 2010)/2009-2014 Posted: 10 Jan 2012 08:19 PM PST Notification No 94 (RE – 2010)/2009-2014 In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992) read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government... [[ This is a content summary only. Visit www.taxguru.in for full article.]]