Income Tax

Reassessment based on subsequent decision does not amount to change of opinion 2 min read

• Income Tax

Reassessment based on subsequent decision does not amount to change of opinion

Manager 9 years ago

Reassessment of income is allowed in cases where the Assessing Officer believes that any income chargeable to tax has escaped assessment during any financial year.... Read More

High Court allows filing the revised return after service of intimation under section 143(1) 3 min read

• Income Tax

High Court allows filing the revised return after service of intimation under section 143(1)

Manager 9 years ago

The Kolkata High Court in the case of Tata Metaliks Ltd. vs. C.I.T. III, Kolkata, being ITA No. 301 of 2005, has held that an... Read More

Key Dates for Indian Taxes Part I 2 min read

• Income Tax

Key Dates for Indian Taxes Part I

Manager 9 years ago

Increase in your income give you joy. But if proper accounting of the transactions and book keeping is not done it can lead to lot... Read More

Scope of section 133(6) of the Income Tax Act 3 min read

• Income Tax

Scope of section 133(6) of the Income Tax Act

Manager 9 years ago

The Income Tax Act gives the Department wide powers of investigation including the power to seek information about an assessee even from outsiders. The information... Read More

All about best assessment judgment 4 min read

• Income Tax

All about best assessment judgment

Manager 9 years ago

Assessment refers to judgment or evaluation. According to the law relating to income tax, assessment means evaluation or measurement of income. The term ‘assessment’ includes... Read More

SBI- Life Sudarshan Plan

• Income Tax

SBI- Life Sudarshan Plan

Manager 9 years ago

TDS deducted by an employer cannot be recovered from an employee if it is not deposited duly 3 min read

• Income Tax

TDS deducted by an employer cannot be recovered from an employee if it is not deposited duly

Manager 9 years ago

Where a company has deducted Tax at Source (TDS) from the salary of an employee, but did not deposit the same to the Government treasury,... Read More

Secure your child’s future with MetLife Insurance

• Income Tax

Secure your child’s future with MetLife Insurance

Manager 9 years ago

CBDT procedure for launching prosecution for TDS-TCS default 3 min read

• Income Tax

CBDT procedure for launching prosecution for TDS-TCS default

Aditijh 9 years ago

The Central Board of Direct Taxes has laid down a procedure for launching prosecution for TDS-TCS default. In connection with the above the CBDT has... Read More

Tax evasion likely to become a criminal offence in the country 3 min read

• Income Tax

Tax evasion likely to become a criminal offence in the country

9 years ago

The government has declared to make tax evasion a criminal offence in the country very shortly. It would prosecute offenders with an object to check... Read More