Income Tax

Key Dates for Indian Taxes Part I 2 min read

• Income Tax

Key Dates for Indian Taxes Part I

Manager 9 years ago

Increase in your income give you joy. But if proper accounting of the transactions and book keeping is not done it can lead to lot... Read More

Why people should avoid tax evasion? 3 min read

• Income Tax

Why people should avoid tax evasion?

Manager 9 years ago

A recent report released by the Indian Finance Ministry stated that the number of taxpayers in India for the financial year 2011-12 is around 3.24... Read More

Deductions u/s 80 for Salaried employees under Indian Income Tax 8 min read

• Income Tax

Deductions u/s 80 for Salaried employees under Indian Income Tax

Manager 9 years ago

The Income Tax Act provides that on determination of the gross total income of an assessee after considering income from all the heads, certain deductions there from may... Read More

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

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

• Income Tax

Application for Charitable Trust Registration Under Section 12 AA

9 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

Penalties for Having a Fake or Duplicate PAN Card 2 min read

• Income Tax

Penalties for Having a Fake or Duplicate PAN Card

9 years ago

Presently, there are more than 12 lakh duplicate PAN (Permanent Account Number) card holders existing in our country. Though the government denies the allegations of... Read More

The assessee-deductor is not liable to pay the fee for default in filing TDS statements prior to the amendment to section 200A 4 min read

• Income Tax

The assessee-deductor is not liable to pay the fee for default in filing TDS statements prior to the amendment to section 200A

9 years ago

The ITAT at Amritsar in the case of Sibia Healthcare Private Limited St No. 8, Ajit Road, Bhatinda 151 001 (TAN – PTLS15043A) (Appellant) vs.... Read More

Can one use the provisions of RTI to solve income tax issues? 3 min read

• Income Tax

Can one use the provisions of RTI to solve income tax issues?

9 years ago

The Right to Information Act (RTI Act) which became effective from 12.10.2005 is a simple but very powerful legislation. It has helped the rights of... Read More