Income Tax

What is the procedure of Compliance of TDS on Sale of Immovable Property under Section 194-1A? 3 min read

• Income Tax

What is the procedure of Compliance of TDS on Sale of Immovable Property under Section 194-1A?

Manager 11 years ago

The Finance Bill 2013 has incorporated a new section 194-IA in the Income Tax Act. According to the provision TDS at the rate of 1%... Read More

Can DTAA help NRIs to avoid double taxation? 2 min read

• Income Tax

Can DTAA help NRIs to avoid double taxation?

Manager 11 years ago

If you are an NRI and are moving abroad leaving behind sources of income, you need to pay tax on such earnings in India. It... Read More

Input Tax Credit under GST 3 min read

• Income Tax

Input Tax Credit under GST

11 years ago

Goods and Service Tax (in short GST), is a tax reform of present India to implement a new tax regime in the country. The proposed... Read More

Foreign asset holders beware!! Income Department sending notices to catch defaulters 5 min read

• Income Tax

Foreign asset holders beware!! Income Department sending notices to catch defaulters

Aditijh 11 years ago

By CA Pratik Anand, ACA  Foreign Account holders beware; the Income Tax department has started issuing notices to persons having foreign assets about the disclosures... Read More

Permanent Account Number- How to Acquire Application Form for Duplicate PAN Card 2 min read

• Income Tax

Permanent Account Number- How to Acquire Application Form for Duplicate PAN Card

Aditijh 11 years ago

Permanent Account Number (PAN) Card is an ID card issued to the Indian citizens by the Indian Income Tax Department. This PAN Card has got... Read More

Provisions relating to search and seizure under the Income Tax Act 4 min read

• Income Tax

Provisions relating to search and seizure under the Income Tax Act

11 years ago

  Section 132 of the Income Tax Act deals with the provisions relating to search and seizure. Search and seizure involve serious invasion of one’s... Read More

Allotment of shares of a new corporate body cannot be taxed under the head “income from other sources” 4 min read

• Income Tax

Allotment of shares of a new corporate body cannot be taxed under the head “income from other sources”

11 years ago

The Mumbai Income Tax Appellate Tribunal held in a recent judgment that the allotment of shares at premium by a newly incorporated company should not... Read More

Notice U/S 148 of the Income Tax Act, 1961 – assessment & reassessment 2 min read

• Income Tax

Notice U/S 148 of the Income Tax Act, 1961 – assessment & reassessment

Aditijh 11 years ago

The structure of the India Tax system is quite simple, detailed but differentiable in power among State, Central, and other local governments. There are some... Read More

How to evaluate fixed maturity plans? 2 min read

• Income Tax

How to evaluate fixed maturity plans?

11 years ago

Fixed maturity plans are often considered as alternatives to banks but they are not so popular with investors due to lack of clarity on the... Read More

Getting income tax refunds from tax ombudsman 2 min read

• Income Tax

Getting income tax refunds from tax ombudsman

11 years ago

Most unfortunately in India many of the honest tax payers have pending income tax refunds. Either it is due to the delay on behalf of... Read More