Indexed cost of gifts has to be determined with reference to previous owner

Indexed Cost of gifts has to be det...

If you receive capital assets either by way of gift or by way of inheritance through a will from your dear ones, the liability towards Capital Gains t...

Taxability of amount received from Life insurance proceeds on maturity

Taxability of amount received from ...

Many people think that the benefit amount they receive on the maturity of all life insurance policies is exempt from income tax. However that is not a...

proceeding

Penalty for concealment

There are different kinds of penalty imposed upon an assessee under the Indian Income Tax Act for defaulters under the different provisions of the Act...

Tax evasion likely to become a criminal offence in the country

Tax evasion likely to become a crim...

The government has declared to make tax evasion a criminal offence in the country very shortly. It would prosecute offenders with an object to check g...

INCOME TAX ARTICLES

Indexed cost of gifts has to be determined with reference to previous owner

Indexed Cost of gifts has to be determined with reference to previous owner

If you receive capital assets either by way of gift or by way of inheritance through a will from your dear ones, the liability towards Capit...

INSURANCE UPDATES

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Highhandedness of the Income Tax and Excise Officers

The curse of the Indian government establishment is that power is in the hands of people with low se...

SERVICE TAX UPDATES

Calculator-Balance-Sheet-Numbers

On-Line Tax Accounting System Correction Scope and Procedure

The On-Line Tax Accounting System (OLTAS) was introduced in April 2004, for the accounting and reporting of receipts and payments of the Dir...

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