Monthly Archives: October 2015

Key Facts about Wealth Tax and Wealth Tax Return

Most people only focus on their personal tax planning and working towards saving as much of income tax. They invest funds in 80C eligible instruments, invest in tax free bonds, carefully managing their capital gains etc. But if your net wealth exceeds Rs. 30 lakhs then you are liable to pay WEALTH TAX. Wealth tax,… Read More »

Tax Audit u/s 44AB – Due Date Extended to 31st Oct. 2015

CBDT Extends the due Date for E-Filing of Returns of Income Tax and Audit Reports U/S 44AB of Income Tax Act from 30th September, 2015 to 31st October 2015  The issue of extension of last date for e-filing returns of income and audit reports u/s 44AB due by 30thSeptember, 2015 has been the subject matter… Read More »