Income Tax

Glimpses of taxation amendments in budget 2015 6 min read

• Income Tax

Glimpses of taxation amendments in budget 2015

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

Understanding Notice from Income Tax Department and how to handle it 4 min read

• Income Tax

Understanding Notice from Income Tax Department and how to handle it

Aditijh 10 years ago

One of the biggest worries of income tax payers is getting notice from Income Tax Department. The Department issues notices under various provisions of Income... Read More

Insurance policy- good or bad 2 min read

• Income Tax

Insurance policy- good or bad

10 years ago

Buying life insurance-both life and general can be tricky. The wide range of policies available in the life insurance sector creates confusion in the mind... Read More

Some Basics required to be known before filing Income tax 3 min read

• Income Tax

Some Basics required to be known before filing Income tax

10 years ago

The general principle of filing income tax returns is that whosoever has an annual income beyond a certain exemption limit has to file his or... Read More

Penalties for Having a Fake or Duplicate PAN Card 2 min read

• Income Tax

Penalties for Having a Fake or Duplicate PAN Card

10 years ago

Presently, there are more than 12 lakh duplicate PAN (Permanent Account Number) card holders existing in our country. Though the government denies the allegations of... Read More

Is there a Waiver in Arrears of Penalty for Deceased Individuals? 2 min read

• Income Tax

Is there a Waiver in Arrears of Penalty for Deceased Individuals?

10 years ago

The proposition There are various corporate laws, which are applicable on any working individual. However, certain issues have been missing in those laws. Recently, a... Read More

KLR Industries Ltd vs. DCIT (ITAT Hyderabad) 2 min read

• Income Tax

KLR Industries Ltd vs. DCIT (ITAT Hyderabad)

10 years ago

One of the well known principles of law for the establishment of a credit shown in the accounts is that the beginner onus is on... Read More

Prosecution is the penalty for tax evasion 2 min read

• Income Tax

Prosecution is the penalty for tax evasion

10 years ago

All those of you who are earning income from sources or receiving salary, so when did you last pay your tax? We are all so... Read More

Now you do not need to send copy of ITR-V after filing return; Can EVC instead 3 min read

• Income Tax

Now you do not need to send copy of ITR-V after filing return; Can EVC instead

10 years ago

Taxpayers filing return of income electronically (without digital signatures) are required to send the signed copy of ITR-V acknowledgement to the CPC, Bengaluru within 120... Read More

Do donations help to minimize an individual’s tax liability? 2 min read

• Income Tax

Do donations help to minimize an individual’s tax liability?

Manager 10 years ago

In the tax-planning season, most people rush to make investments to reduce their tax liability. It is found that individuals pay more taxes than they... Read More