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
The ITAT, Delhi in the case of Assistant Commissioner of Income Tax vs. Vijay Singh Kadan, Legal Heir of Late Shri Randhir Singh Kadan, 2014... Read More
Applicability of Section 44AB of the Income Tax Act: The44AB section provides that people having business or profession should get his accounts audited by a... Read More
The Right to Information Act (RTI Act) which became effective from 12.10.2005 is a simple but very powerful legislation. It has helped the rights of... Read More
The Delhi High Court in the case of Commissioner of Income Tax vs. Gangeshwari Metal (P.) Ltd., I.T. Appeal No. 597 OF 2012 has held... Read More