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Did you know?

The two Indian finance ministers to have presented five budgets in a row are Yashwant Sinha and Manmohan Singh.

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E- Payment of Taxes made mandatory
Electronic payment of taxes has been made mandatory for all corporate assesses and all assesses to whom provisions of section 44AB of the Income Tax Act are applicable from 1st April, 2008. Press Release
Tax Planning Tips

Pay the municipal tax on your house property in time. You can claim municipal tax as deduction under house property income in income tax, but you must have paid the tax in order to claim the deduction. This also means that if you pay the municipal tax for previous periods in current period, then you can claim the entire tax as deduction in the current period.

Taxbase Academy

At Taxbase Academy our vision is to develop the tax professionals with in depth working knowledge of Taxation laws.

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Reminders
15/05/2008 P.F. Payment for April.
21/05/2008 1) E.S.I.C. Payment for April.
2) MVAT Monthly Return for April.
31/05/2008 TDS Payment for the Amount credited on 31st March.
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