Here is a Excellent presentation prepared by Mr. Harish (My Uncle) who is a TAX advisor from past 7 years. Just check it out and Drop back giving your valuable comments.
Retailers, realtors and companies operating their businesses from rented space can now breathe easy. The Delhi High Court has ruled that commercial renting of premises will not attract service tax. It would also mean a major revenue loss to the government. It collects over Rs 8,000 crore annually from renting service. In 2009-10, it expects [...]
Here is a simple difference between FD and FMP. A common feature of both FMPs (Fixed Maturity Plans) and FDs (Fixed Deposits) is that investors know in advance how much return they will earn on maturity The difference here is that while the returns on FDs are assured, returns on FMPs are indicative FMPs are [...]
Top Bollywood stars seem to have beaten the economic slowdown to post handsome growth in their advance tax payments. Not only did the top ten earners pay 17.7% more by way of taxes than in the previous year, but the industry has thrown up a new ‘Hero No 1’. Akshay Kumar, who paid a whopping [...]
No one can be accurate in telling the real black money of Indians abroad. While reading across I came through DNA Money which Says that ‘Indian money in Swiss & other banks is over Rs 70 lakh crore.’ Which is 1.4 trillion much higher against our current(07-08) GDP of Rs 43 lakh crore. If the amunt [...]