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
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The Different Aspects of a Reverse Mortgage
2 min read
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
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
Medical reimbursement paid to employees is not part of salary and no TDS can be charged upon it
2 min read
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
Tax implications of Life Insurance policies
2 min read
Many people have an idea that benefits received from the maturity of life insurance policies are tax-free. But it is not always true as all... Read More
If an assessee dies intestate, that is without making a will, his return of income tax can still be filed by his legal heirs and... Read More
All about capital gains tax
4 min read
There are many assets such as real estate, gold, silver, etc. in which one invests. The gains from these investments are called capital gains. These... Read More
Taxability of income from shares
3 min read
Many people have an idea that the income received from shares is exempt from income tax. But in reality it is not so. One should... Read More
Recently in the case of M/s. Smita Conductors Ltd. vs. the Deputy Commissioner of Income Tax, ITA No. 4004/Mum/2011 by a judgment it has been... Read More
Recently some circulars have been issued regarding the amendments introduced by the Finance Act, 2013, for offences punishable under the provisions of Service Tax, Central... Read More