Income Tax Act 1961

What is Carrying Forward and Setting Off of Losses under Income Tax Act? 4 min read

• Income Tax

What is Carrying Forward and Setting Off of Losses under Income Tax Act?

Shobha Vats 7 years ago

In finance, profit and loss always play a part in an individual’s life. Every time you won’t achieve the profits. Sometimes you may incur losses... Read More

Registering as Legal Heir in Case of the Death of Taxpayer 4 min read

• Income Tax

Registering as Legal Heir in Case of the Death of Taxpayer

soutrikjoy 10 years ago

There are certain queries coming from various Taxpayers on how to deal Tax liabilities and compliances after demise and what are legal requirements concerning Income Tax Liability... Read More

Cross-linking Income Tax Act and GST 2 min read

• GST

Cross-linking Income Tax Act and GST

Sourav 10 years ago

Model GST Law, specifically Section 25 speaks about the furnishing details with respect to outward supplies. Further, Section 26 speaks about furnishing of details with... Read More

TDS not applicable on Lump Sum Lease Premium 4 min read

• Income Tax

TDS not applicable on Lump Sum Lease Premium

soutrikjoy 10 years ago

Recently a circular was laid with TDS provisions of section 194-I of the Income-tax Act, 1961. According to that circular, Lump Sum lease premium or... Read More

Assessment of Undisclosed Income in Income Tax Act u/s 133A 2 min read

• Income Tax

Assessment of Undisclosed Income in Income Tax Act u/s 133A

Sourav 10 years ago

This arrangement is similar to VDS (Voluntary Disclosure Scheme). This scheme is effective from 1st June 2016. Declaration of undisclosed income or assets could be... Read More

Good news for taxpayers- The much awaited e-nivaran project launched by CBDT 3 min read

• Income Tax

Good news for taxpayers- The much awaited e-nivaran project launched by CBDT

Garima Jalali 10 years ago

e-nivaran is the beginning of a new era in the Income Tax Department.  e-nivaran- a dream project of Indian Government and the Income Tax department has... Read More

Income Tax Act 1961 – Penalties and Prosecution 2 min read

• Income Tax

Income Tax Act 1961 – Penalties and Prosecution

Manager 10 years ago

Income tax has to be paid by every person if the taxable income exceeds their respective basic exemption limit. Income Tax also has several penalties... Read More