India Jobs & Admission Watch - Sarkari Naukri in India & Employment News Info

India Jobs & Admission Watch - Sarkari Naukri in India & Employment News Info


MPSC State Service Pre Examination 2010

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Maharashtra Public Service Commission Results 2010 State Service Pre Examination 2010 Results...

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National Institute of Ocean Technology Recruitment 2010 – Jobs in NIOT

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Employment News – National Institute of Ocean Technology Recruitment for various posts in...

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Central University of Jharkhand Recruitment 2010 – 61 Regular Faculty Positions in CUJ Ranchi

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Employment News – Central University of Jharkhand CUJ Ranchi Regular Faculty Positions...

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Special Class Railway Apprentices Examination 2010 by Union Public Service Commission

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Special Class Railway Apprentices Examination 2010 The Union Public Service Commission (UPSC)...

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Non Teaching Jobs in Defence Institute of Advanced Technology

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Employment News – DIAT Recruitment for Various Posts by Defence Institute of Advanced...

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Central Electro-Chemical Research Institute Recruitment 2010 – Jobs in CECRI

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CECRI Employment News 2010 Scientist Recruitment by Central Electro-Chemical Research Institute The...

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"Long term capital gain exempted ,50 % tax on short term capital gain from equity & equity mutual funds” plus 4 more

"Long term capital gain exempted ,50 % tax on short term capital gain from equity & equity mutual funds” plus 4 more


Long term capital gain exempted ,50 % tax on short term capital gain from equity & equity mutual funds

Posted: 31 Aug 2010 07:48 PM PDT


FOR SAVERS and investors who were living in dread of new Direct Taxes Code completely transforming their taxplanning approach, the new law must come as a relief.There are two main reasons for this.One, generally, the basic structure and the approach to taxation is very much the same.  And two, specifically, long-term capital gains on equity and equitybacked mutual funds remain untaxed. The retention of the zerotax rate on long-term equity gains is probably the fundamental difference...

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Higher Exemption Limit Not For Non-Residents

Posted: 31 Aug 2010 07:12 PM PDT


Are non-resident women entitled to higher exemption limit? QUESTION: The Finance Act prescribes a higher exemption limit of Rs. 1.90 lakh only for "every individual, being a resident in India" vide Item No. II of Part I of the First Schedule of the Finance Act. My non-resident cousin swears by para 16 of the instruction to Form ITR-2 allowing the higher limit "for women (other than women of age 65 years or more)" and insists that the return Form should prevail. ANSWER: The reader is...

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TAX SLABS TAX BENEFIT FROM DIRECT TAX CODE

Posted: 31 Aug 2010 10:40 AM PDT


<p><p><p><p><p><p> </p></p></p></p></p></p> Highlights of Direct Taxes Code Bill, 2010 Ø Separate threshold exemption limits for men and women done away with. Common threshold limit of Rs. 2,00,000. For resident senior citizens, threshold increased from Rs. 2,40,000 to Rs. 2,50,000. Ø HRA exemption restored. Ø Medical Reimbursement exemption limit proposed to be increased from Rs. 15,000/- to...

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Submission of documents necessary for granting online registrations in service tax

Posted: 31 Aug 2010 10:05 AM PDT


Submission of hard copy of documents necessary for granting online registrations Trade Notice No. 3/ST/2010, dated 11-8-2010 This is to bring to the notice of trade that a large number of online registrations filed are pending issuance in various Ranges/Division offices due to non submission of required documents. It is noticed that while the registration are filled online, either no hard copy of documents is submitted or the documents are submitted after considerable lapse of time....

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Rate of interest reduced from 9.5% to 8.5%:Deemed income of employee

Posted: 31 Aug 2010 09:06 AM PDT


Income Tax - 69/2010 - dated August 26, 2010 Supersession of the notification number S.O. 484(E), dated the 30th May, 2001 Employer's annual contributions in a recognised provident fund – Deemed income of employee – Rate of interest reduced from 9.5% to 8.5% for the purpose of Rule 6(b) of Part A of the Fourth Schedule to the Income Tax Act, 1961 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. - 69/2010 New Delhi, the 26th August, 2010 In...

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