Income Tax

Insurance Scenario in India 2 min read

• Income Tax

Insurance Scenario in India

10 years ago

With over a billion people, India is fast becoming a global economic power. With a relatively youthful population, India will become an attractive insurance market... Read More

Service Tax On Rented Immovable Property 2 min read

• Income Tax

Service Tax On Rented Immovable Property

10 years ago

“Immovable property” as defined in section 65 of the of Finance Act, 1994 as amended: According to section 65 “Immovable property” means the following –... Read More

Deductions u/s 80 for Salaried employees under Indian Income Tax 8 min read

• Income Tax

Deductions u/s 80 for Salaried employees under Indian Income Tax

Aditijh 10 years ago

The Income Tax Act provides that on determination of the gross total income of an assessee after considering income from all the heads, certain deductions there from may... Read More

Deductions u/s 80 for Salaried employees under Indian Income Tax 8 min read

• Income Tax

Deductions u/s 80 for Salaried employees under Indian Income Tax

Aditijh 10 years ago

The Income Tax Act provides that on determination of the gross total income of an assessee after considering income from all the heads, certain deductions there from may... Read More

Capital gains tax rates 2 min read

• Income Tax

Capital gains tax rates

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

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

Non-reporting of actual income for taxation as an error 2 min read

• Income Tax

Non-reporting of actual income for taxation as an error

10 years ago

Though we require filing income tax returns (ITR) every year, we are still prone to errors. There are some errors which are often made by... Read More

Reopening cannot be allowed on the ground of inadvertent mistake 4 min read

• Income Tax

Reopening cannot be allowed on the ground of inadvertent mistake

Manager 10 years ago

It has been held recently by the Bombay High Court in the case of Commissioner of Income Tax -11 vs. M/s. Jet Speed Audio Pvt.... Read More