Income Tax Rule Change: Relief for companies, trusts and others for claiming benefit of lower tax, tax audit and others with new condonation of delay rulesIncome tax relief: The income tax department has released new rules for granting condonation of delay requests in filing specified forms. T...
New form to reduce TDS from salary: CBDT issues Form 12BAA to tell employer about other taxes paid by youForm 12BAA to reduce TDS from salary: The Central Board of Direct Taxes has notified a new form called Form 12BAA. The new form notified by...
Income tax audit deadline extended for these taxpayers to November 10, 2024Tax audit deadline Form 10B/10BB: The Central Board of Direct Taxes (CBDT) has extended the tax audit report submission deadline has been e...
LTA or Leave Travel Allowance exemption limit, eligibility, restrictions, documents you need to submit: LTA latest rules hereLeave Travel Allowance (LTA), which is component of your salary, helps cover travel expenses incurred during your vacation. While it covers...
Made false deduction claim in ITR? Income tax dept wants employees to rectify this and pay the due tax or be ready for penal actionIncome tax deduction: Incase you have mistakenly claimed a incorrect or wrong tax deduction or exemption and thus as a result your tax liab...
CBDT extends deadline for ITR-7, 10B,10BBThe form ITR 7 is filled by Charitable and Religious Trusts, Political Parties, Scientific research institutions, University, college or ot...
Axis Bank augments arsenal to fight NPA crisis; brokerages see up to 30% upsideMotilal Oswal has a price target of Rs 650 on Axis Bank.
ICRA downgrades Future Group co to 'junk'The future group company is now rated BB+(Stable), technically in the junk category, compared with triple-B (negative) that qualifies as in...
Buy Axis Bank, target Rs 825: Motilal Oswal Financial Services"We recommend a buy with a target price of Rs 825 (2.5 times FY21E ABV)," said the brokerage.
Need PAN of your bank to avail home loan benefit? Here's the listHere is a list of banks with their PAN to help you furnish complete details to your employer, in case you have taken a home loan.
How to claim tax exemption on HRA without landlord's PANAs per the Rule 26C of the Income Tax Act, employee needs to fill and submit Form 12BB to one's employer, by mentioning the property owner'...
New form to claim tax rebate on LTA, HRAFor claiming deduction of interest on home loan, the name, address and PAN of the lender will have to be furnished.
Submit proof of travel for claiming tax deduction on LTA: CBDTThe details to be furnished include name, address and PAN of landlord where the aggregate rent paid exceeds Rs 1 lakh, according to a CBDT ...
Slow debt repayment credit negative for Vedanta: S&PStandard & Poor's said there are negative implications on Vedanta Resources's long- term credit rating due to slow progress in re-financing...
- Lenders may seek debt restructuring of Great Offshore; banks have Rs 1,137 cr exposure to co
The lenders of Great Offshore (GOL) may consider restructuring its debt due to delay on its part in servicing bank loans.
- OVL, IOC, OIL to invest $4 bn in Iran gas field
ONGC Videsh Ltd and its partners Indian Oil Corp and Oil India Ltd are likely to invest about USD 4 billion to start production from a mass...
- SBI to raise $225m in bonds abroad
State Bank of India is set to raise $225 million from the overseas market this year by issuing perpetual bonds.