Cash more than 10 Lacs

Mere cash deposit of more than Rs 1...

The assessee had deposited cash in excess of Rs 10 lakhs in his saving bank account but he had not filed return of income. The AO reopened the assessm...

Chartered Accountants blamed for lower levy of taxes

Chartered Accountants blamed for lo...

Recently a CAG report said the failure on behalf of the chartered accountants hired by the income tax department to furnish authentic tax information ...

Wedding-Gift-Ideas-Living2

Gift Tax Needs Simplification

The Indian Finance Minister has promised to come good on lot of forward looking changes like imposing common goods tax and other reforms to combat inf...

Pay TDS on your life insurance policies

Pay TDS on your life insurance poli...

The Budget 2014-15 says that you have to pay a 2% TDS on any sum you receive from most of your life insurance policies. If you think that the maturit...

INCOME TAX ARTICLES

Cash more than 10 Lacs

Mere cash deposit of more than Rs 10 lakhs in bank doesn’t indicate income has escaped Taxation: ITAT

The assessee had deposited cash in excess of Rs 10 lakhs in his saving bank account but he had not filed return of income. The AO reopened t...

INSURANCE UPDATES

SBI- Life Sudarshan Plan

[caption id="attachment_2007" align="alignleft" width="200"] Buying an Insurance[/caption] Insura...

SERVICE TAX UPDATES

arrears of deceased

Is there a Waiver in Arrears of Penalty for Deceased Individuals?

The proposition There are various corporate laws, which are applicable on any working individual. However, certain issues have been missi...

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