"Income Tax (Sixth Amendment) Rules, 2010 - New rules of Game for TDS Payment” plus 1 more

Income Tax (Sixth Amendment) Rules, 2010 - New rules of Game for TDS Payment

Posted: 11 Jul 2010 08:09 PM PDT

Vide the Income-tax (Sixth Amendment) Rules, 2010, amendments have been intro-duced in the already tedious TDS rules. In this article, the author has analysed the amended TDS rules and compared the same with the existing provisions. He also discusses as to how these existing rules and unwarranted amendments in it takes toll of the taxpayers because with every change the taxpayers have to change their schedules of payment of tax to avoid the penal actions for violation of the same. He opines...

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80CCF infrastructure Bonds-look at the creditworthiness of issuers

Posted: 11 Jul 2010 07:41 PM PDT

EVERY TAXPAYER WILL MAKE THIS INVESTMENT AND THE INVESTMENT INFLOWS UNDER THIS SCHEME WILL BE HUGE A COUPLE of days back, the government moved ahead with the infrastructure bonds that it had announced in this year's Union Budget. The bonds will offer Rs 20,000 worth of tax exemption over and above the existing Rs 1 lakh. This is the first significant addition to the roster of tax-exempt investments in a long time. A lot of the real value of the Rs 1 lakh exemption has been eaten away by...

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