Budget 2013-14 has brought several changes that can affect an individual’s tax slab. Among many changes, personal finance changes are quite essential for an individual.... Read More
It has been recently held by the ITAT Mumbai in the case of Heranba Industries Ltd. (PAN/GIR No.- AAACH3787Q) vs. DCIT 9(2), ITA No.2292/Mum/2013, Mumbai,... 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
A common question often which arises in the mind of the tax payers is that if someone takes a housing loan and pays interest towards... Read More
There are many judgments of different courts which have adjudicated the issue of levy of penalty under section 271(1) (c) of the Income Tax Act.... Read More
The Central Board of Direct Taxes (CBDT) tightens the rules dealing with monitoring of “non-filers” of Income Tax Returns and aims to follow uniform... Read More