Income Tax

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 10 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 10 years ago

Patna High Court explains the law on accountability of public officials for failure to follow directions 4 min read

• Income Tax

Patna High Court explains the law on accountability of public officials for failure to follow directions

10 years ago

The Patna High Court in the case of M/s Overseas Enterprises having their office at 2263, 1st Floor, Room No. 11, Gali Raghunandan, Naya Bazar,... Read More

Penalty under section 271C cannot be imposed in absence of willful disobedience of the assessee

• Income Tax

Penalty under section 271C cannot be imposed in absence of willful disobedience of the assessee

10 years ago

The consequences of late filing of TDS returns or statements 3 min read

• Income Tax

The consequences of late filing of TDS returns or statements

10 years ago

Any failure on the part of a deductor in filing of TDS returns or statements or late filing of TDS returns or statements shall attract... Read More

Section 40A (3) disallowance applicable to payment by means of crossed cheque 2 min read

• Income Tax

Section 40A (3) disallowance applicable to payment by means of crossed cheque

10 years ago

The Gujarat High Court in a recent judgment pronounced on 26.4.2014 in the case of Rajmoti Industries vs. ACIT, held that payment through any crossed... Read More

Which Is Better: Will or Gift Deed? 2 min read

• Income Tax

Which Is Better: Will or Gift Deed?

Aditijh 10 years ago

Query: I own a plot of land purchased from my own income and i wish to give it to one of my two sons. Please... Read More

How to rectify an income Tax Return filed by an assessee? 2 min read

• Income Tax

How to rectify an income Tax Return filed by an assessee?

10 years ago

After filling an Income Tax Return, the department verifies the same by going through the information given by the assessee in his return of income.... Read More

Deduction under Section 80EE of Income Tax Act 3 min read

• Income Tax

Deduction under Section 80EE of Income Tax Act

10 years ago

The Union Finance Minister in the latest Finance Bill has inserted a new section 80EE of the Income Tax Act dealing with additional deduction regarding... Read More

The disallowance under section 40(a) (ia) of the Income Tax Act proposed to be limited to 30% of the total amount of expenses 6 min read

• Income Tax

The disallowance under section 40(a) (ia) of the Income Tax Act proposed to be limited to 30% of the total amount of expenses

10 years ago

It has been recently proposed that in case of non-deduction or non-payment of TDS on payments made to residents of the country according to section... Read More