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***Basic Tax exemption limit raised to Rs. 2,00,000/- ; 10% tax slab upto 5 lakhs,20% tax slab from 5 to 10 lakhs and 30% tax slab for income above 10 lakhs; For senior citizens basic exemption limit increased to 2.5 lakhs; Deduction upto Rs.5,000/- for preventive health check up; Interest upto Rs.10,000/- from SB a/c exempted to individual tax payers; Restriction on investment in venture capital funds of specified sectors removed; Weighted deduction on expenditure in inhouse R&D extended for further 5 years upto 31st. March 2017; Expenditure on Agri Extension services to be allowed a weighted deduction of 150%; Power sector undertakings set up before 31st. March 2013 can also claim 100% deduction of profits for 10 years; Compulsory tax audit limit and Presumptive tax limit for SMEs extended upto a turnover of 1 crore; Capital gains on sale of house property can be avoided if invested in eaquity of a manufacturing SME to purchase new plant and machinery; TDS at 1% introduced on sale consideration of immovable assets; Expenditure on skill development in manufacturing sector to get a weighted deduction of 150%; MAT scheme to be extended to all persons, other than Companies, claiming profit linked deductions; Service tax rates hiked to 12% from 10% ***   Welcome to Our Website We are a firm of Chartered Accountants, registered with the Institute of Chartered Accountants of India and engaged in the field of Accounting, Book keeping, Auditing, Cost/Financial Analysis, MIS Development Tax consultancy in Indian Tax Laws and allied Activities. We are based at Salem in South India. Read More...     Our Services For our Indian Clients   For our Offshore Clients   Book keeping using ‘TALLY’ package   Accounts Formatting   Credit Management   Loans Processing   Investment Planning   Resources Planning & Evaluation   Financial/Cost Analysis   More...     Book keeping using ‘Quick Books Online & Desktop versions’   Revenue Returns preparation (1040 & 1120) using ‘ Turbo Tax and ‘Pro Series’ softwares or other client specific softwares.   Accounts Payable Data Processing.   Accounts Receivable Data Processing.   Payroll Processing   More... Contact Us   D.S. ANAND & ASSOCIATES CHARTERED ACCOUNTANTS PLOT # 116,117, SHANKAR NAGAR, SALEM - 636 007. TAMIL NADU, INDIA. Email anand@anandandassociates.com     Useful Links Compute your Income Tax New Apply/Correction in your PAN New Central Excise & Customs New Indian Income Tax Department Indian Company Law Board US Tax Revenue Department Tamil Nadu VAT

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