Income Tax

Application for Charitable Trust Registration Under Section 12 AA 2 min read

• Income Tax

Application for Charitable Trust Registration Under Section 12 AA

Aditijh 10 years ago

In Society for the Promotion of Education, Adventure Sport and Conservation of Environment versus Chief of Income Tax (2008) 216 CTR (All) 167, the Allahabad... Read More

Are You Eligible For Income Tax Rebate U/S 87A 2 min read

• Income Tax

Are You Eligible For Income Tax Rebate U/S 87A

10 years ago

In budget 2013-14, taxpayers’ focus was on Section 87A. This section is added in Income Tax act 1961 for the benefit of common man. Section... Read More

Offences under Chapter XXII of the Income Tax Act, 1961 5 min read

• Income Tax

Offences under Chapter XXII of the Income Tax Act, 1961

10 years ago

Chapter XII of the Income Tax Act, 1961 dealing with the offences is always important for anyone concerned about the law relating to Income Tax... Read More

Levy of Penalty U/S 271D 2 min read

• Income Tax

Levy of Penalty U/S 271D

10 years ago

Digitization has helped curb the way for online payments of most of the taxes in India. This way, individuals from urban and rural areas can... Read More

Revision of Tax Audit Report 2 min read

• Income Tax

Revision of Tax Audit Report

10 years ago

Generally, there is no provision regarding revision of a tax audit report. But if an assessee changes the financial statement, a new tax audit report... Read More

Appeals should not be filed by the Revenue on settled issues

• Income Tax

Appeals should not be filed by the Revenue on settled issues

10 years ago

Insurance Scenario in India 2 min read

• Income Tax

Insurance Scenario in India

Manager 10 years ago

With over a billion people, India is fast becoming a global economic power. With a relatively youthful population, India will become an attractive insurance market... Read More

Taxability of income from shares 3 min read

• Income Tax

Taxability of income from shares

Manager 10 years ago

Many people have an idea that the income received from shares is exempt from income tax. But in reality it is not so. One should... Read More

The new Companies Bill aims to put a check upon the “Vanishing Companies” 2 min read

• Income Tax

The new Companies Bill aims to put a check upon the “Vanishing Companies”

Manager 10 years ago

The new Companies Bill seeks to promote class-action suits for corporate frauds. The bill has been passed by the Lok Sabha  in the year 2012. The... Read More

Penalty for concealment 3 min read

• Income Tax

Penalty for concealment

Manager 10 years ago

There are different kinds of penalty imposed upon an assessee under the Indian Income Tax Act for defaulters under the different provisions of the Act.... Read More