Income Tax

Can one use the provisions of RTI to solve income tax issues? 3 min read

• Income Tax

Can one use the provisions of RTI to solve income tax issues?

11 years ago

The Right to Information Act (RTI Act) which became effective from 12.10.2005 is a simple but very powerful legislation. It has helped the rights of... Read More

Having tax problem? Ask ombudsman for help 2 min read

• Income Tax

Having tax problem? Ask ombudsman for help

11 years ago

Are you struggling to get your refund from the Income Tax department? Are you been harassed many times for an income tax scrutiny for the past... Read More

Is Prosecution the Best Deterrance for Tax Evasion? 2 min read

• Income Tax

Is Prosecution the Best Deterrance for Tax Evasion?

11 years ago

An interesting issue at present is whether criminal prosecution is an effective deterrence for tax evasion in India. Does the Government actually consider that prosecution... Read More

Offences under Chapter XXII of the Income Tax Act, 1961 5 min read

• Income Tax

Offences under Chapter XXII of the Income Tax Act, 1961

11 years ago

Chapter XII of the Income Tax Act, 1961 dealing with the offences is always important for anyone concerned about the law relating to Income Tax... Read More

PF Investment: EPF and PPF Investment for FY 2013-2014 2 min read

• Income Tax

PF Investment: EPF and PPF Investment for FY 2013-2014

11 years ago

Employee Provident Fund (EPF) is maintained by Employee Provident fund Organization (EPFO). After a 1.25% decline in the year 2011-12, EPF rate was 8.25%. EPFO... Read More

Step by step procedure of LLP (Limited Liability Partnership) Formation, in India.

• Income Tax

Step by step procedure of LLP (Limited Liability Partnership) Formation, in India.

11 years ago

Penalty under section 271(1) (c) of the Income Tax Act 2 min read

• Income Tax

Penalty under section 271(1) (c) of the Income Tax Act

11 years ago

The expression “Penalty” has nowhere been defined in the Income Tax Act, 1961. Penalty is generally treated as a liability comprising a punishment upon the... Read More

Fresh guidelines on delayed filing of Income Tax Return 2 min read

• Income Tax

Fresh guidelines on delayed filing of Income Tax Return

Aditijh 11 years ago

As per Section 119 of the Income Tax, 1961, a fresh set of guidelines were issued for condoning delayed filing of income tax returns on... Read More

Supreme Court declares penalty to be imposed only in case concealment of income is proved 3 min read

• Income Tax

Supreme Court declares penalty to be imposed only in case concealment of income is proved

11 years ago

The Supreme Court in a recent judgment held that the income tax department cannot levy penalty only due to the reason that the authorities and... Read More

Learn how to know your online income tax refund status 3 min read

• Income Tax

Learn how to know your online income tax refund status

11 years ago

  Do you want to know your income tax refund status? This issue is faced by most of the tax payers in India. People file... Read More