Income Tax

Online Correction of E -TDS return made possible on Traces Website 2 min read

• Income Tax

Online Correction of E -TDS return made possible on Traces Website

Manager 9 years ago

As part of a fresh initiative and new development, website of TDSCPC (TRACES) have now made possibility of online correction of e-TDS returns on their... Read More

Latest Home Loan Income Tax Benefits 2 min read

• Income Tax

Latest Home Loan Income Tax Benefits

Manager 9 years ago

Saving on income tax takes lot of planning and thoughtful investment. And so as to achieve maximum benefits from the existing income tax rules and... Read More

All about Wealth Tax Return 3 min read

• Income Tax

All about Wealth Tax Return

Manager 9 years ago

Every person as well as Hindu Undivided Family and Companies having net wealth more than the maximum amount not chargeable to wealth tax has to file... Read More

All you wanted to know about PAN Card 3 min read

• Income Tax

All you wanted to know about PAN Card

Manager 9 years ago

What PAN card is? PAN card is like a driving license or an aadhar card which bears a unique number. This unique number is a... Read More

Input Tax Credit under GST 3 min read

• Income Tax

Input Tax Credit under GST

9 years ago

Goods and Service Tax (in short GST), is a tax reform of present India to implement a new tax regime in the country. The proposed... Read More

Foreign asset holders beware!! Income Department sending notices to catch defaulters 5 min read

• Income Tax

Foreign asset holders beware!! Income Department sending notices to catch defaulters

Aditijh 9 years ago

By CA Pratik Anand, ACA  Foreign Account holders beware; the Income Tax department has started issuing notices to persons having foreign assets about the disclosures... Read More

Permanent Account Number- How to Acquire Application Form for Duplicate PAN Card 2 min read

• Income Tax

Permanent Account Number- How to Acquire Application Form for Duplicate PAN Card

Aditijh 9 years ago

Permanent Account Number (PAN) Card is an ID card issued to the Indian citizens by the Indian Income Tax Department. This PAN Card has got... Read More

Provisions relating to search and seizure under the Income Tax Act 4 min read

• Income Tax

Provisions relating to search and seizure under the Income Tax Act

9 years ago

  Section 132 of the Income Tax Act deals with the provisions relating to search and seizure. Search and seizure involve serious invasion of one’s... Read More

Allotment of shares of a new corporate body cannot be taxed under the head “income from other sources” 4 min read

• Income Tax

Allotment of shares of a new corporate body cannot be taxed under the head “income from other sources”

9 years ago

The Mumbai Income Tax Appellate Tribunal held in a recent judgment that the allotment of shares at premium by a newly incorporated company should not... Read More

Notice U/S 148 of the Income Tax Act, 1961 – assessment & reassessment 2 min read

• Income Tax

Notice U/S 148 of the Income Tax Act, 1961 – assessment & reassessment

Aditijh 9 years ago

The structure of the India Tax system is quite simple, detailed but differentiable in power among State, Central, and other local governments. There are some... Read More