Income Tax Exemption to Patanjali – The final nail into FMCG’s coffin
This would be the last nail in the coffin for FMCG (Fast Moving Consumer Goods) sector that has already been suffering from demonetisation side effects. The... Read More
Income Tax
- Your guide to understanding and filing income tax returns.
- Simplify your tax filing process with expert advice.
- Learn about the different types of income tax, including individual income tax, corporate income tax, and more. Understand the income tax slabs, deductions, and exemptions applicable to various income sources.
- Get expert advice on tax planning and saving strategies to minimize your tax liability. Learn how to file your income tax return accurately and on time, avoiding penalties and interest charges.
- Stay up-to-date with the latest income tax news, circulars, and notifications. Access useful tools like income tax calculators, TDS calculators, and form 16 download links.
How to claim tax relief under section 89(1) for salary arrears
Tax is computed on the salary which is received during the year. Sometimes the employee receives the salary in arrears or advance. When the salary is received from the employer... Read More
How to surrender PAN in case there are more than one PAN(s) allotted?
A PAN (Permanent Account Number) is a unique number of 10 alphanumeric characters that is assigned to every tax payer by the Income Tax... Read More
Assessing Officer is entitled to withhold Income Tax Refund if he has doubt
The Central Board of Direct Taxes has held that Assessing Officer is entitled to withhold Income Tax refund in any case if he has doubt... Read More
Would EPF withdrawal make sense for you or would it hurt you financially?
One of the main employment-related savings-cum-investment features is the Employee provident Fund (EPF) that is regulated by the statutory body of Labor Ministry, Ministry of... Read More
Penal Provisions for Benami Transactions under Benami Transactions Prohibition Act 2016 to Unearth Fraud Transactions
In a bid to cleanse the economy, the Indian government had demonetized 86% of the currency in circulation and tried to bring every rupee accounted... Read More
How to get PAN Reactivated- what to do to respond to IT-department?
Deactivated PAN can be a matter of concern for many Income Tax assesses since it is the fastest way to communicate with the Income Tax... Read More
No more taking your own time for Income Tax Return filing- Find out why?
The Union Budget of 2017 witnessed a major decision regarding the validation of time taken for assessment, re-assessment and re-computation for revised Income Tax return... Read More
What Union Bugdet 2017 has in store as Income Tax Benefits for Startup community
The government of India has taken several moves to boost the Startup ecosystem in India since 16 January’2016 (launching of the Startup India Campaign). On... Read More
Income tax department can reopen old cases, even upto ten years, in case of big deals
As per the memorandum of the Finance Bill 2017, the Income tax department can reopen old cases and the books of accounts of an assessee... Read More
ITAT Amritsar: No Section 269SS Violation for One-Time Cash Payment Before Sub-Registrar 
Tax Officials Unleash Digital Dragnet: How New Raid Powers Redefine Privacy, Property Rights in India and likely to Fuel Corruption 
Income Tax Department Rewards for Reporting Tax Evasion: A Comprehensive Guide 
Forfeiture of Gratuity by Employer- What are the Remedies for an employee- Can employer be challenged?