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Tax On Share Premium – ‘Start-up Tax’ In India

Start-up tax, a totally new concept in India, was first proposed by the former Finance Minister, Mr. Pranab Mukherjee, in his budget speech, 2012. It was triggered mainly to curb the mala fide practices (to cite example, 2G scam and money laundering) generally followed by the closely held companies, where the investors purchased the shares of a newly started business …

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Is Leave Salary/ Encashment Taxable In India Or Not?

If you are working in an office then you must know about Leave Salary or Leave encashment, actually every employee is allowed to have 2 or so on leave per month (vary from company to company) and at the end of year or when they get retirement or resign from the company then you can cash your leaves which are …

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SBI Launched Online Income Tax Return (ITR) Filling Service At Discounted Rate

State Bank of India (SBI), has launched an online income tax filing service for its customers. This service will facilitate its customers to file their income tax returns ITR online through SBI at discounted rate. Online income tax return service launched by SBI will proved to be very useful, as from assessment year 2012-13 income tax department has made e-filling …

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Check Or Update Your PAN Address In PAN Database

PAN number is a key number for all the financial transaction related to income tax in India. The issuing authority i.e income tax department maintains a database to keep the personal details of every tax payer which are required to transact like name, address, phone number, email id etc. It is important for every tax payer to keep a check …

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