Section 80C replaced the existing Section 88 with more or less the same investment mix available in Section 88. The new section 80C has become effective w.e.f. 1st April, 2006. Even the section 80CCC on pension scheme contributions was merged with the above 80C. However, this new section has allowed a major change in...
Occupancy Certificate Occupancy Certificate is a very important document. It evidences the completion of the building as per the approved plan and compliance of local laws. local bodies like city corporations / city municipalities issue occupancy certificates. Without the occupancy certificate, it is difficult...
While presenting the Budget for 2012-13, the Finance Minister Pranab Mukherjee will have to do a balancing act, by raising taxes on some items such as cars, consumer goods and cement to raise revenue and give incentives to boost business confidence. Stating that it...
Analysis of the Budget 2012 2013 Budget 2012 2013 is a completely lack-luster budget. It neither has any major policy announcements, nor does it have any major changes in...
Those who swear by fixed deposit (FD) have never had it so good. The rates offered by banks are high. Now, they have even better news from companies. There...
The New Direct Tax Code (DTC) is said to replace the existing Income Tax Act of 1961 in India. DTC bill was tabled in parliament on 3oth August, 2010. There are...
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