DIRECT TAX READY RECKONER 2014-15 PDF FREE DOWNLOAD

For persons below 30 years of age: Skip to main content. Government keen on early enactment". A to save tax deposits Rs. The maturity amount is currently treated as tax free in the hands of the individual on maturity under Section 10 10D. The system covers all aspects to attain a paperless campus.

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Remember me on this computer. However, each co-owner must invest out of his own funds or borrowings in ttax ratio of his ownership in the property.

If there is a loss in any business, it can be set off against profits of any other business in the same year. Cover yourself with a term plan Table 7: Note — The problem has been solved by assuming that the shares are not listed and securities transaction tax is not paid on sale 22014-15 such shares, and hence such long-term capital gains is taxable.

This page provides readdy India Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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(PDF) Income Tax Planning with respect to Individual Assessee | kajol pagere -

Pay your tax No tax planning required 2. It should be ensured that, under the terms of employment, dearness allowance and dearness pay form part of basic salary. This project is also designed to follow the same.

As certain the full value of consideration received or accruing as a result of the transfer. The total income of an individual is determined on the basis of his residential status in India. You can buy term assurance plan which will serve your need to obtaining life cover and all the same pdd unproductive cash flow to be deployed into more productive and wealth generating asset classes.

Tulip pension policies may help you to some extent but I would give it a rating of four out of ten. Incomes Excluded from House Property Income: The benchmark we use refers to the Top Marginal Tax Rate for individuals.

Taxmann - Direct Taxes Ready Reckoner - All

As the deduction is allowed from taxable income, the exact savings in tax will depend upon the tax slab of the individual. Capital gains form part of the taxable income of the previous year in which the transfer giving rise to the gains takes place. It is exempt to the extent readu is paid and utilized for deckoner expenditure on travel for official work. Super Senior Citizen Individual resident who is of the age of 80 years or more at any time during the previous year i.

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Assessee means a person by whom any tax or any other sum of money is payable under the Income Tax Act, and includes — a Every person in respect of whom any proceeding under the Income Tax Act has been taken for the assessment of his income or of the income of any other person in respect of which he is assessable, or of the loss sustained by him or by such other person in respect of which he is assessable, or of the loss sustained by him or by such other person, or of the amount of refund due to him or to such other person; b Every person who is deemed to be an assessee under any provisions of the Income Tax Act.

However, loss in a speculation business can be adjusted only against profits of another speculation business. Gross total income Less: You therefore should invest a large chunk of your surplus in tax-saving funds equity funds.

Data is collected from past record that means history.

To make matters worse this will be taxed at full marginal rate of income tax as well. Where the transfer is by way of exchange of one asset for another or when the consideration for the transfer is partly in cash and partly in kind, the fair market value of the asset received as consideration and cash consideration, if any, together constitute full value of consideration.

Tax Evasion is an act executed knowingly willfully, with the intent to deceive so that the tax reported by the taxpayer is less than the tax payable under the law.

Look at this as a tax management tool for the family and not just yourself. In case of damage or destruction of an asset in fire flood, riot etc. For persons between 30 - 45 years of age: Where the transfer is by way of allowing possession of an immovable property in part performance of an agreement to sell, capital gain shall be deemed to have arisen in the year in which such possession is handed over.

Any assessee including an employee who is not in receipt of H. Period of Holding a Capital Asset: For persons below 30 years of age: