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Jan 25, 2013

Tax & Loan Eligibility benefits from Home loan in Joint Names

Tax & Loan Eligibility benefits from Home loan in Joint Names

Posted: 24 Jan 2013 07:30 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 individual under Sec 24 when the property is self-occupied...

All about NSC and Tax Benefit

Posted: 24 Jan 2013 07:21 PM PST

Deposits up to Rs.1 lakh in NSC qualify for Deduction Section 80C of the Income Tax Act. Accrued interest on NSC also qualify for deduction u/s. for first five years. NSC interest is taxable. However, as it is a cumulative scheme (e.g. interest is not paid to the investor but instead accumulates...

AP youth becomes India's first blind CA

Posted: 24 Jan 2013 06:54 PM PST

The vision to achieve his childhood goal helped 23-year-old J. Rajashekar Reddy qualify the final hurdle of becoming a chartered accountant. He is the first completely blind candidate in India to manage the feat. "My success is not mine alone but of all those volunteers, teachers, friends and...

ITAT Order in re. Shantikumar D Majithia vs. DCIT (ITAT Mumbai)- A CRITIQUE

Posted: 24 Jan 2013 05:52 PM PST

It is commonly believed and often said that change is the only concept that never undergoes any change or can be changed. On the contrary, what is never realised or tacitly conceded is that every known concept is changed, violently more often than not, according to individual's own perception or...

SSI Be Cautious In Case of Branded Goods

Posted: 24 Jan 2013 05:40 PM PST

The Hon'ble Supreme Court in its decision dated January 14, 2013 in the case of CCE v/s M/s Australian Foods India (P) Ltd. held that even though goods manufactured by Small Scale Industries (SSI) do not physically bear brand name or logo but such manufactured goods are sold from branded sale...

Cyber Laws – An Emerging Opportunity for Finance Professionals

Posted: 24 Jan 2013 05:27 PM PST

Business Enterprises and Government Departments are making increasing use of Information Technology to better manage their operations and offer value added services to their clients/ citizens. While this increasing deployment of IT has given immense benefits there have been increasing concerns on...

Presidential Awards to 37 Officers of the Customs, Central Excise and ED

Posted: 24 Jan 2013 11:03 AM PST

 This year a record 37 officials of the Customs & Central Excise and Enforcement Directorate have been selected for grant of Presidential Award of Appreciation Certificate for 'Specially distinguished record of service'. Every year, the officers from these departments are considered for grant...

SEBI Guidelines on Identification of Beneficial Ownership

Posted: 24 Jan 2013 10:56 AM PST

SEBI Master Circular No. ISD/AML/3/2010 dated December 31, 2010 has mandated all registered intermediaries to obtain, as part of their Client Due Diligence policy, sufficient information from their clients in order to identify and verify the identity of persons who beneficially own or control the...

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