Sunday, 19 June 2011

Investment News Letter 19th June, 2011

The 5th Edition of Weekly Investment Newsletter. The month of June is almost going to end and this is the time to submit your income tax return.

The salary people and others those who have not an income from business or profession should submit their Income Tax Return for the financial year 201-11 on or before 31st July, 2011. So we include more income tax articles in this edition. This salaried people with an income up to Rs. 5 Lakh should not submit income tax return under certain conditions.
Old age Pension-Eligible age 60 years
Old Age Pension eligibility age of senior citizens is lowered to 60 years of age from the existing 65 years of age.

11 June-17 June 2011 Employment News Job Highlights
Old Age Pension Eligibility Age of senior citizens is lowered to 60 years of age from the existing 65 years of age

No Income Tax Return-More clarifications
You must have read that the salaried people should not file income tax return from the financial year 2010-11 (Assessment Year 2011-10) onwards only if their total income is below 5 Lakh. The information is correct and the Union finance …

Investment plan for lazy investors and those who have not time to invest
Human beings are social beings and we can see different type of people in the society. Somebody is active for all work and somebody is not that much active. Some of them are active only for some particular works and …

How to avoid Tax Deducted at Soruce (TDS) from Interest
All financial institutions and banks are liable to deduct tax (TDS – Tax Deducted at Source) from interest due or paid to any customer, if the total interest paid from the particular branch to a particular customer is more than …

TDS Certificate in Form No. 16A to be generated from Tax Information Network (TIN) website
A circular issued by the income tax authority under section 119 of the Income Tax Act 1961 on 13th May, 2011 which informs that TDS certificate in Form 16A should be generated and downloaded from the Tax Information Network (TIN) …

No Income Tax Return for income below 5 Lakh from FY 2010-11
The Union Finance Minister Pranab Mukhejee said on Tuesday (24th May, 2011) that the salaried tax payers with an income less than Rs. 5 Lakh should not file Income Tax Return from the Assessment Year 2011-10 ( ie from the …

Investment Guidelines for regular income people
A good percentage of people get regular income. It may be from salary, Rent, interest or any other sources. But most of the regular income people do not have a regular invesment habit. They have enough money to spend at …

1 comment :

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