Aditijh

Permanent Account Number- How to Acquire Application Form for Duplicate PAN Card 2 min read

• Income Tax

Permanent Account Number- How to Acquire Application Form for Duplicate PAN Card

Aditijh 9 years ago

Permanent Account Number (PAN) Card is an ID card issued to the Indian citizens by the Indian Income Tax Department. This PAN Card has got... Read More

Transfer pricing rules in India 4 min read

• Income Tax

Transfer pricing rules in India

Aditijh 9 years ago

Commercial transactions between the different multinational groups may not take place through the same market forces existing between the two independent companies. One company often... Read More

One can avail Deductions for both House Rent Allowance and Home Loan 2 min read

• Income Tax

One can avail Deductions for both House Rent Allowance and Home Loan

Aditijh 9 years ago

A very common question that comes in one’s mind is that if someone claims a deduction for House Rent Allowance (HRA) against his taxable income,... Read More

Notice U/S 148 of the Income Tax Act, 1961 – assessment & reassessment 2 min read

• Income Tax

Notice U/S 148 of the Income Tax Act, 1961 – assessment & reassessment

Aditijh 9 years ago

The structure of the India Tax system is quite simple, detailed but differentiable in power among State, Central, and other local governments. There are some... Read More

TDS FAQ regarding Property Sale in India under Section 194-IA 3 min read

• Income Tax

TDS FAQ regarding Property Sale in India under Section 194-IA

Aditijh 9 years ago

1.    What is Withholding tax?  According to the new provision, 1% TDS has to be deducted on the purchasing price by the buyer of the... Read More

Which Is Better: Will or Gift Deed? 2 min read

• Income Tax

Which Is Better: Will or Gift Deed?

Aditijh 9 years ago

Query: I own a plot of land purchased from my own income and i wish to give it to one of my two sons. Please... Read More

Filing of revised return after issue of notice under section 143(2) is considered as voluntary disclosure in absence of specific particulars 5 min read

• Income Tax

Filing of revised return after issue of notice under section 143(2) is considered as voluntary disclosure in absence of specific particulars

Aditijh 9 years ago

The ITAT, Mumbai on 07.01.2015 passed a judgment stating that if an assessee files the revised return of income after the receipt of notice under... Read More

Law Relating to Gift Tax in India 2 min read

• Income Tax

Law Relating to Gift Tax in India

Aditijh 9 years ago

Law Relating to Gift Tax in India In the earlier times in India cash gifts of up to Rs 50,000 were tax free but if... Read More

Can income assessed by the Assessing officer be less than the income filed in the return? 3 min read

• Income Tax

Can income assessed by the Assessing officer be less than the income filed in the return?

Aditijh 9 years ago

It has been held by the Allahabad High Court in the case of Commissioner of Income Tax – II vs. Har Dayal Singh, Kanpur, 2015... Read More

All you wanted to know about PAN Card 3 min read

• Income Tax

All you wanted to know about PAN Card

Aditijh 9 years ago

What PAN card is? PAN card is like a driving license or an aadhar card which bears a unique number. This unique number is a... Read More