Income Tax

Forms 15G and 15H – tools to save tax? 5 min read

• Income Tax

Forms 15G and 15H – tools to save tax?

Manager 10 years ago 6

Banks often ask depositors to file Form No. 15G or 15H every year. There are different rules regarding filing of Form No. 15G and Form... Read More

Choosing the best car loan option 2 min read

• Income Tax

Choosing the best car loan option

Manager 10 years ago

Car is not only a status symbol, but it is also a necessity, especially in metro cities, where you have to regularly travel to far... Read More

Tax evasion can land you in deep trouble 5 min read

• Income Tax

Tax evasion can land you in deep trouble

Manager 10 years ago

Individuals have the liberty to self assess their income and pay taxes accordingly. However that does not mean that if someone conceals a particular source... Read More

An overview on personal loan 2 min read

• Income Tax

An overview on personal loan

Manager 10 years ago

There are many who need extra amount once in a while to tide over the period of financial crisis. The amount is not necessarily for... Read More

The Finance Bill, 2015 provides new explanation for determination of penalty as per section 271 in case of concealment of income or furnishing of incorrect details of income 4 min read

• Income Tax

The Finance Bill, 2015 provides new explanation for determination of penalty as per section 271 in case of concealment of income or furnishing of incorrect details of income

Manager 10 years ago

The present explanation 4, which is proposed to be substituted by the Finance Bill,2015, states that for the purposes of clause (iii) of section 271(1),... Read More

Set off of speculation losses which had been accepted by the Assessing Officer earlier cannot be denied 2 min read

• Income Tax

Set off of speculation losses which had been accepted by the Assessing Officer earlier cannot be denied

Manager 10 years ago

The ITAT Delhi in the case of Income Tax Officer vs. Vartman Securities & Services Pvt. Ltd., 2014 (12) TMI 552, has held that where... Read More

Investigation under the provisions of the Income Tax Act 3 min read

• Income Tax

Investigation under the provisions of the Income Tax Act

Manager 10 years ago

According to the Oxford English Dictionary, the term “investigation” refers to “the official examination of the facts regarding a situation or a crime.” For the... Read More

Is Tax Evasion an Illegal Act in India? 2 min read

• Income Tax

Is Tax Evasion an Illegal Act in India?

Manager 10 years ago

Tax planning is an important aspect for conducting any business as well as for salaried persons. But at times it gives rise to “tax avoidance”... Read More

Insurance policy- good or bad 2 min read

• Income Tax

Insurance policy- good or bad

Manager 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

Provision Of Reassessment Under Income Tax Act 1961- PART II 2 min read

• Income Tax

Provision Of Reassessment Under Income Tax Act 1961- PART II

Manager 10 years ago

Provision Of Reassessment Under Income Tax Act 1961- PART I Case Situation 3 In case, the assessee has to file u/s 92 E reports against some international... Read More