Income Tax

Tax Payers now don’t have to succumb to Coercion and admit Undisclosed Income 2 min read

• Income Tax

Tax Payers now don’t have to succumb to Coercion and admit Undisclosed Income

10 years ago

Traditionally since ages Income Tax Officers have been harassing tax payers and coercing them to admit to undisclosed income.   Not any more now, Well,... Read More

What is Not Service as Per Service Tax: Negative List 4 min read

• Income Tax

What is Not Service as Per Service Tax: Negative List

10 years ago

Negative List Of Services As Introduced In Year 2012’s Budget : A new concept of negative list for service tax was announced in the year... Read More

The total capital gains should be included without computing the benefits of indexation while computing the “book profits” 5 min read

• Income Tax

The total capital gains should be included without computing the benefits of indexation while computing the “book profits”

10 years ago

The ITAT, Mumbai Bench in the case of Dharmayug Investments Ltd., The Times of India Bldg., Dr D N Road, Fort Mumbai 400 001 (PAN... Read More

Things to know before choosing your tax return preparer 2 min read

• Income Tax

Things to know before choosing your tax return preparer

Manager 10 years ago

Tax professionals have different skills and expertise in the subject. There are many kinds of tax return preparers with credentials. The Government of India has... 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

Blank cheques found during a search cannot be treated as unexplained investments 5 min read

• Income Tax

Blank cheques found during a search cannot be treated as unexplained investments

Manager 10 years ago

The ITAT, Hyderabad in the case of Sri Laxmi Narayan Agarwal (PAN: ACDPA7791B) vs. Asst. Commissioner of Income Tax, Circle-6(1), Hyderabad, I.T.A. No. 1392/HYD/2010 by... Read More

Capital gains tax rates 2 min read

• Income Tax

Capital gains tax rates

Manager 10 years ago

Depending upon the type of capital assets you have made investment in the tax rates of your capital gains are decided. There are few investments... Read More

Glimpses of taxation amendments in budget 2015 6 min read

• Income Tax

Glimpses of taxation amendments in budget 2015

Manager 10 years ago

Regarding income of all kinds of assessees liable to pay income tax for the assessment year 2015-2016, the rates of income tax have been stated... Read More

Are you planning to borrow for a house and getting it insured as well?

• Income Tax

Are you planning to borrow for a house and getting it insured as well?

Manager 10 years ago

Guide to the law on revision of assessments 3 min read

• Income Tax

Guide to the law on revision of assessments

Manager 10 years ago

According to section 263 of the Income Tax Act 1961, the commissioner has the power to call for and scrutinize the records of certain proceedings... Read More