Manager

Medical reimbursement paid to employees is not part of salary and no TDS can be charged upon it 2 min read

• Income Tax

Medical reimbursement paid to employees is not part of salary and no TDS can be charged upon it

Manager 10 years ago

The Income Tax Appellate Tribunal in the Assistant Commissioner of Income Tax (TDS) vs. M/s. SAP Labs India Pvt. Ltd. being ITA Nos.1414 to 1416/Bang/2012... Read More

Consequences of Non-filing of I.T. Return in Time 2 min read

• Income Tax

Consequences of Non-filing of I.T. Return in Time

Manager 10 years ago

Consequences of Non-filing of I.T. Return in Time If a man escapes a taxable income his income is considered as black money and he is... Read More

Set off of unabsorbed depreciation 1 min read

• Income Tax

Set off of unabsorbed depreciation

Manager 10 years ago

Set off of unabsorbed depreciation    ... Read More

Insurance Policy As An Investment 2 min read

• Income Tax

Insurance Policy As An Investment

Manager 10 years ago

Insurance Policy – The Investment Investing on insurance policy is one of the most expensive ways of investment. It involves the cost of the insurance... Read More

Advantages of Limited Liability Partnership over Partners 2 min read

• Income Tax

Advantages of Limited Liability Partnership over Partners

Manager 10 years ago

Advantages of Limited Liability Partnership over Partners Limited Liability Partnership, abbreviated as LLP, is a kind of business organization. It has become very common now-a-days... Read More

F& O transactions are non-speculative business transactions 3 min read

• Income Tax

F& O transactions are non-speculative business transactions

Manager 10 years ago

Taxpayers in India whether they are salaried people or not, prefer to involve themselves in share trading as it is an easy way of earning... Read More

Process of charging interest under section 234 of IT Act 2 min read

• Income Tax

Process of charging interest under section 234 of IT Act

Manager 10 years ago

Process of charging interest under section 234 of IT Act Income Tax Act as a statute: Income Tax Act 1961 ( as amended by the... Read More

Assigning serial numbers to applications filed u/s 154 of the Act and disposal thereof as per directions of the Hon’ble Delhi High Court and as per Instructions of CBDT 1 min read

• Income Tax

Assigning serial numbers to applications filed u/s 154 of the Act and disposal thereof as per directions of the Hon’ble Delhi High Court and as per Instructions of CBDT

Manager 10 years ago

Mr V P GUPTA, ADVOCATE WHO REPRESENTED THE HISTORICAL REFUND CASE IN DELHI HIGH COURT HAS PREPARED THE DRAFT LETTER AND REQUEST ALL ASSOCIATIONS and... Read More

The Different Aspects of a Reverse Mortgage 2 min read

• Income Tax

The Different Aspects of a Reverse Mortgage

Manager 10 years ago

In the year 2007, the Union Finance Minister has adapted a popular concept from the Western countries, Reverse Mortgage. The concept of reverse mortgage: A... Read More

Deduction under Section 43B of the Income Tax Act 2 min read

• Income Tax

Deduction under Section 43B of the Income Tax Act

Manager 10 years ago

A deduction which is otherwise allowed as per the provisions of the Income Tax Act regarding — a)   Any amount which is payable by... Read More