The Hon’ble Delhi High Court on 12.8.15 in the cases of Commissioner of Income Tax – 9 (Appellant) vs. Vrindavan Farms (P) Ltd. (Respondent) being... Read More
Income Tax
To promote charity towards the poor class of the society, the government of India is encouraging people to give donations which can also be claimed... Read More
Does loan transaction between a firm and its partner attract provisions of section 269SS?
2 min read
The question was raised as to whether a loan transaction between a firm and its partner attracts the provision of Section 269SS of the Income... Read More
Sometimes, tax payers receive intimation of demand or that of refund from the income tax Department under section 143(1) of the Income Tax Act. Intimation... Read More
Investing to save income tax has its own positive benefits and aspects. First, it gives rebate on income tax and secondly it automatically improves your... Read More
High Court allows filing the revised return after service of intimation under section 143(1)
3 min read
The Kolkata High Court in the case of Tata Metaliks Ltd. vs. C.I.T. III, Kolkata, being ITA No. 301 of 2005, has held that an... Read More
Though filing of Income Tax return is voluntary but the Government of India has made the filing of return for any income which is taxable... Read More
New rules for e-filing of wealth tax returns
2 min read
The Income Tax Department had been amended the Wealth Tax Rules. The Central Board of Direct Taxes has recently framed new rules to amend the... Read More
In case you want to avail some income tax exemptions, you have to fulfill some conditions. If you fail to do so, you might not be... Read More