All about Income Tax Raid 4 min read

• Income Tax

All about Income Tax Raid

10 years ago 2

One should not keep any unaccounted or undeclared money, jewellery or any kind of wealth, commonly known as black money. All such income should always be... Read More

Rules Relating to Gift Tax in India 2 min read

• Income Tax

Rules Relating to Gift Tax in India

10 years ago

Your mother transferred an amount of money to your bank account for helping you for a certain reason. Have you ever thought that is there... Read More

Penalty cannot be levied for concealment in a case an assessee has not filed his return 2 min read

• Income Tax

Penalty cannot be levied for concealment in a case an assessee has not filed his return

10 years ago

The Madras High Court in the case of Santosha Nadar v. First Addl. ITO and Another, (1962) 46 ITR 411 (Mad.) has analyzed the issue... Read More

Can one claim deduction or exemption if missed in form 16? 2 min read

• Income Tax

Can one claim deduction or exemption if missed in form 16?

10 years ago

When salaried people file their final proofs relating to tax, if an employee fails to file any detail, the deduction claimed by him is not... Read More

Deduction under Section 80EE of Income Tax Act 3 min read

• Income Tax

Deduction under Section 80EE of Income Tax Act

10 years ago

The Union Finance Minister in the latest Finance Bill has inserted a new section 80EE of the Income Tax Act dealing with additional deduction regarding... Read More

F&O transactions are non-speculative business transactions 2 min read

• Income Tax

F&O transactions are non-speculative business transactions

10 years ago

Taxpayers in India whether their source of income is business or job, prefer to involve themselves in share trading as it is an easy way... Read More

Offences under Chapter XXII of the Income Tax Act, 1961 5 min read

• Income Tax

Offences under Chapter XXII of the Income Tax Act, 1961

10 years ago

Chapter XII of the Income Tax Act, 1961 dealing with the offences is always important for anyone concerned about the law relating to Income Tax... Read More

Can seized cash be adjusted against advance tax? 2 min read

• Income Tax

Can seized cash be adjusted against advance tax?

10 years ago

The Finance Bill, 2013 has inserted an Explanation to section 132B of Income Tax Act, 1961, which states that the “existing liability” does not include... Read More

How to evaluate fixed maturity plans? 2 min read

• Income Tax

How to evaluate fixed maturity plans?

10 years ago

Fixed maturity plans are often considered as alternatives to banks but they are not so popular with investors due to lack of clarity on the... Read More

The distance of an “agricultural land” should be calculated from the approach road 5 min read

• Income Tax

The distance of an “agricultural land” should be calculated from the approach road

10 years ago

The Hon’ble High Court at Delhi on 14.09.2015 in the case of Commissioner of Income Tax (Appellant) vs. Sri Vijay Singh Kadan (Respondent) being ITA... Read More