Income Tax

Penalties for Having a Fake or Duplicate PAN Card 2 min read

• Income Tax

Penalties for Having a Fake or Duplicate PAN Card

11 years ago

Presently, there are more than 12 lakh duplicate PAN (Permanent Account Number) card holders existing in our country. Though the government denies the allegations of... Read More

Is there a Waiver in Arrears of Penalty for Deceased Individuals? 2 min read

• Income Tax

Is there a Waiver in Arrears of Penalty for Deceased Individuals?

11 years ago

The proposition There are various corporate laws, which are applicable on any working individual. However, certain issues have been missing in those laws. Recently, a... Read More

KLR Industries Ltd vs. DCIT (ITAT Hyderabad) 2 min read

• Income Tax

KLR Industries Ltd vs. DCIT (ITAT Hyderabad)

11 years ago

One of the well known principles of law for the establishment of a credit shown in the accounts is that the beginner onus is on... Read More

Prosecution is the penalty for tax evasion 2 min read

• Income Tax

Prosecution is the penalty for tax evasion

11 years ago

All those of you who are earning income from sources or receiving salary, so when did you last pay your tax? We are all so... Read More

Now you do not need to send copy of ITR-V after filing return; Can EVC instead 3 min read

• Income Tax

Now you do not need to send copy of ITR-V after filing return; Can EVC instead

11 years ago

Taxpayers filing return of income electronically (without digital signatures) are required to send the signed copy of ITR-V acknowledgement to the CPC, Bengaluru within 120... Read More

Do donations help to minimize an individual’s tax liability? 2 min read

• Income Tax

Do donations help to minimize an individual’s tax liability?

Manager 11 years ago

In the tax-planning season, most people rush to make investments to reduce their tax liability. It is found that individuals pay more taxes than they... Read More

Tax implications of Life Insurance policies 2 min read

• Income Tax

Tax implications of Life Insurance policies

Manager 11 years ago

Many people have an idea that benefits received from the maturity of life insurance policies are tax-free. But it is not always true as all... Read More

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

• Income Tax

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

Manager 11 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 11 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 11 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