Section 269 ST has been introduced in this budget, which has draconian provisions. However would these provisions be strong enough to deter a tax... Read More
The countdown has begun. From the 1st of April, 2017 the Central Govt.’s steps for curbing black money is going to be more and more... Read More
You might find yourself in trouble soon if who have been using the fake rent receipts for saving income tax. The department might soon ask... Read More
Amidst the widespread effect of the demonetization which was quite fresh in the cognizance of the people, Union Budget 2017 announced a loud message which... Read More
The Income Tax Department officials would now seek the details of all deposits done by the assessee during the period of demonetization as a part... Read More
How can you get tax exemption by selling your asset under Section 54F Income Tax Conditions?
2 min read
Whenever we decide to sell any long-term capital asset, the gains are large but the tax to be paid is indeed huge too. Gains on... Read More
The season for filling the Income Tax return is back. Everyone whose income is above INR 5 lakhs are required to mandatory e-file their income... Read More
How to manage your taxes even if you miss the deadline with Belated Income Tax Return Process?
4 min read
If the income tax return is not submitted within the stipulated timeline it is called Belated Income Tax Return. One can still file the return... Read More
Whether remission of loan can be assessed as income under section 41(1) for the purposes of MAT
4 min read
Section 41(1)/ 115JB of the IT ACT: The Entire provision contained under the law clarified whether the remission of loan can be assessed as income... Read More
The due date for filing the return of income is stated in Section 139(1) of the Income Tax Act, 1961. As per the section 139(1),... Read More