Income Tax

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

• Income Tax

CBDT procedure for launching prosecution for TDS-TCS default

10 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

All About Intraday Trading 2 min read

• Income Tax

All About Intraday Trading

10 years ago

All about Intraday trading An insight into Intraday Trading The common name for IntraDay Trading is “Day Trading”.  Here, a trader acquires a stock in... Read More

How to deal with Income Tax Notice 2 min read

• Income Tax

How to deal with Income Tax Notice

Aditijh 10 years ago

Are you confused about how to reply to an income tax notice? You may get an income tax notice for a number of reasons, if... 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

10 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

The Apex Court explains “religious or charitable purpose” for claiming exemption under Section 11 4 min read

• Income Tax

The Apex Court explains “religious or charitable purpose” for claiming exemption under Section 11

10 years ago

The Apex Court in the case of CIT vs. Dawoodi Bohara Jamat, Civil Appeal No. 2492 of 2014, on 20.2.2014 has held that a charitable... Read More

Law Relating to Gift Tax in India 2 min read

• Income Tax

Law Relating to Gift Tax in India

Manager 10 years ago

Law Relating to Gift Tax in India In the earlier times in India cash gifts of up to Rs 50,000 were tax free but if... Read More

How to file the income tax return of a deceased assessee? 4 min read

• Income Tax

How to file the income tax return of a deceased assessee?

Manager 10 years ago

If an assessee dies intestate, that is without making a will, his return of income tax can still be filed by his legal heirs and... Read More

Facts under which the Penalty may be void under Income Tax Act section 274 2 min read

• Income Tax

Facts under which the Penalty may be void under Income Tax Act section 274

Manager 10 years ago

Section 271 (1)(c)  is a penalty notice under section 274 in which the irrelevant portion is not stroke out and which does not also specify... Read More

Secure Area

• Income Tax

Secure Area

Manager 10 years ago

Factors to be considered before selling a house before three years 2 min read

• Income Tax

Factors to be considered before selling a house before three years

Manager 10 years ago

One can earn a lot from the profit earned by selling a house. But if somebody sells a house before three years, such a sale... Read More