The Hon’ble High Court at Karnataka on 13.7.15 has held that the provisions of section 54F are beneficial in nature and should be interpreted liberally.... Read More
Any failure on the part of a deductor in filing of TDS returns or statements or late filing of TDS returns or statements shall attract... Read More
It is not that always the assessee who is wrong. At times, the behavior and the attitude of the Assessing Officers and other staff of... Read More
If the Assessing Officer is not satisfied regarding the authenticity or completeness of the books of accounts maintained by the assessee or where in his... 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
Income tax deductions towards expenses for medical treatment of a disabled or ailing dependent
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The Income Tax Act, 1961 provides special deductions in the income tax of a taxpayer who has a disabled or ailing dependent for whom the... Read More
All about e -TDS returns
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E -TDS returns are those TDS returns that are prepared in some specific forms in the electronic media according to the prescribed structure in a... Read More
Summons issued to persons for personal attendance under section 131 of the Income Tax Act
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Section 131 of the Income Tax Act provides power to the income tax authorities to summon witnesses, to force production of books of account and other documents as well as... Read More
Consequences of Tax Evasion in India
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Tax evasion is the unlawful process by which people escape paying taxes. In Tax evasion taxpayers willfully misrepresent their true state of affairs before the tax authorities... Read More
Section 132 of the Income Tax Act deals with the provisions relating to search and seizure. Search and seizure involve serious invasion of one’s... Read More