Income Tax

How to Keep your Credit Score, CIBIL, healthier for better Creditworthiness 2 min read

• Income Tax

How to Keep your Credit Score, CIBIL, healthier for better Creditworthiness

Sourav 9 years ago

What is Credit Score? A credit score is a 3 digit figure which is generated with the help of a mathematical algorithm which uses the... Read More

Interest earned by a co-operative society on investments with other societies is entitled to be deducted 4 min read

• Income Tax

Interest earned by a co-operative society on investments with other societies is entitled to be deducted

Baisakhi Ganguly 9 years ago

The Income Tax Tribunal at Mumbai in the case of Lands End Co-operative Housing Society Ltd (having PAN/GIR No. AAAAL 0060C) vs. I.T.O. ward-16(1)(3), Mumbai... Read More

Approval/ Cancellation Process Under Section 10(23C)of Income Tax Act 2 min read

• Income Tax

Approval/ Cancellation Process Under Section 10(23C)of Income Tax Act

Anuj Mathur 9 years ago

Learn the process of approval or rejection of applications under section 10(23C) as well as cancellation of registration u/s 10(23). Section 10 (23C) Under Section... Read More

Mumbai High Court lays strict rules for availing section 54F exemption 3 min read

• Income Tax

Mumbai High Court lays strict rules for availing section 54F exemption

Baisakhi Ganguly 9 years ago

The Income Tax Act, 1961 provides exemption to tax payers from paying income tax on long-term capital gains where the profits of the asset which... Read More

E-Nivaran of Income Tax itself needs some Nivaran- a User Experience 2 min read

• Income Tax

E-Nivaran of Income Tax itself needs some Nivaran- a User Experience

Rajbir Chawla 9 years ago

Recently Income Tax Department launched an online platform for resolving income tax grievances of assessees. The system is supposed to address the grievances of the... Read More

Assessment of Undisclosed Income in Income Tax Act u/s 133A 2 min read

• Income Tax

Assessment of Undisclosed Income in Income Tax Act u/s 133A

Sourav 9 years ago

This arrangement is similar to VDS (Voluntary Disclosure Scheme). This scheme is effective from 1st June 2016. Declaration of undisclosed income or assets could be... Read More

Can Additions to Income by Mutual Consent of Assesse and Assessing Officer lead to Penalty under Income Tax Act 2 min read

• Income Tax

Can Additions to Income by Mutual Consent of Assesse and Assessing Officer lead to Penalty under Income Tax Act

Skumar 9 years ago

Income tax is a complicated law, and understanding the provisions of the act requires expertise and experience in dealing with taxation laws. Understanding taxable incomes... Read More

How to handle outstanding Income Tax demand? 2 min read

• Income Tax

How to handle outstanding Income Tax demand?

Sourav 9 years ago

Income tax demand could arise due to several simple reasons. For instance, at the time of filing return, you might have wrongly fed the information... Read More

House Transfer within 3 years under family arrangement, sec. 54F relief can’t be denied 7 min read

• Income Tax

House Transfer within 3 years under family arrangement, sec. 54F relief can’t be denied

Rajbir Chawla 9 years ago

1. As we are aware that the whenever investment in house property is made to plan capital gains tax u/s 54(F), then the such property... Read More

A guide to the benefits enjoyed by a Non- Resident in India 5 min read

• Income Tax

A guide to the benefits enjoyed by a Non- Resident in India

Baisakhi Ganguly 9 years ago

If you are a Non-Resident Indian, you should always be aware of when to pay taxes, how taxes are levied on your income that is... Read More