Income Tax

Income Tax Department launches Toll-free line for complaints related to black money in elections 2 min read

• Income Tax

Income Tax Department launches Toll-free line for complaints related to black money in elections

10 years ago

In the run up to the upcoming Assembly polls in Delhi, the Income Tax Department has launched a Toll-free number – 1800 110 132 –... Read More

compounding of offences under the Income Tax Act approved by SIT

• Income Tax

compounding of offences under the Income Tax Act approved by SIT

10 years ago

NRI liable to pay Income Tax on the income earned in India 2 min read

• Income Tax

NRI liable to pay Income Tax on the income earned in India

10 years ago

According to the Income Tax Act, 1961 a non-resident Indian is defined as any person who is an Indian citizen or a person having an... Read More

Implications of mentioning wrong section in TDS challan 2 min read

• Income Tax

Implications of mentioning wrong section in TDS challan

10 years ago

The ITAT, Jaipur in the case of Income Tax Officer, TDS, Alwar vs. LIC of India , 2015 (10) TMI 2439 , has held that... Read More

Submit the Creditors’ Details with PAN to Avoid Penalties 2 min read

• Income Tax

Submit the Creditors’ Details with PAN to Avoid Penalties

Aditijh 10 years ago

The reason why conventional methods of filing a tax include consulting an auditor to calculate your income, the tax that comes with it and the... Read More

Draft Assessment – Bombay High Court Judgment 2 min read

• Income Tax

Draft Assessment – Bombay High Court Judgment

10 years ago

The draft assessment request on 30th March, 2015 was even with the choice for  the Supreme Court in GKN Driveshafts (India) Ltd v/s Income Tax Officer and Others reported... Read More

Joint Ownership of House – A Perfect Way of Saving On Tax 2 min read

• Income Tax

Joint Ownership of House – A Perfect Way of Saving On Tax

10 years ago

Joint Ownership of the house is something that the India government is considering of applying. This is a very important and path breaking decision that... Read More

If assessments are complete, disallowances should be considered against additional disclosures 4 min read

• Income Tax

If assessments are complete, disallowances should be considered against additional disclosures

Manager 10 years ago

The Income Tax Tribunal, Mumbai in the case of Shri Uday C Tamhankar, C/8 Nand Dham Society, L T Road, Borivali (West), Mumbai-400092 (Appellant) vs.... Read More

All about capital gains tax 4 min read

• Income Tax

All about capital gains tax

Manager 10 years ago

There are many assets such as real estate, gold, silver, etc. in which one invests. The gains from these investments are called capital gains. These... Read More

Share application money cannot be considered as undisclosed income if identity of the share applicants is available 3 min read

• Income Tax

Share application money cannot be considered as undisclosed income if identity of the share applicants is available

Manager 10 years ago

The Hon’ble Delhi High Court on 12.8.15 in the cases of Commissioner of Income Tax – 9 (Appellant) vs. Vrindavan Farms (P) Ltd. (Respondent) being... Read More