Income Tax

What if you are caught with tax evasion?

• Income Tax

What if you are caught with tax evasion?

Manager 9 years ago

All about clubbing of income of spouse and children 4 min read

• Income Tax

All about clubbing of income of spouse and children

Manager 9 years ago

According to the provisions of the Income tax Act, 1961, a person is taxed not only for his own income but sometimes also for the... Read More

Whether interest earned on margin received can be adjusted against interest paid on borrowings-Yes

• Income Tax

Whether interest earned on margin received can be adjusted against interest paid on borrowings-Yes

Manager 9 years ago

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

• Income Tax

CBDT procedure for launching prosecution for TDS-TCS default

Aditijh 9 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

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

9 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

High Value Transactions To Attract Income Tax Scrutiny

• Income Tax

High Value Transactions To Attract Income Tax Scrutiny

9 years ago

No addition under section 68 if one can prove the authenticity of a transaction 4 min read

• Income Tax

No addition under section 68 if one can prove the authenticity of a transaction

9 years ago

The Delhi High Court in the case of Commissioner of Income Tax vs. Gangeshwari Metal (P.) Ltd., I.T. Appeal No. 597 OF 2012 has held... Read More

Save tax by making donations to charitable institutions under section 80G 2 min read

• Income Tax

Save tax by making donations to charitable institutions under section 80G

9 years ago

To promote charity towards the poor class of the society, the government of India is encouraging people to give donations which can also be claimed... Read More

All about clubbing of income of spouse and children 4 min read

• Income Tax

All about clubbing of income of spouse and children

9 years ago

According to the provisions of the Income tax Act, 1961, a person is taxed not only for his own income but sometimes also for the... Read More

Powers of assessing officer to send intimation under section 143(1) 2 min read

• Income Tax

Powers of assessing officer to send intimation under section 143(1)

Aditijh 9 years ago

Sometimes, tax payers receive intimation of demand or that of refund from the income tax Department under section 143(1) of the Income Tax Act. Intimation... Read More