Income Tax

INCOME TAX ON EXPATRIATE INCOME IN INDIA 3 min read

• Income Tax

INCOME TAX ON EXPATRIATE INCOME IN INDIA

10 years ago

Who is Expatriate? An individual living in a country other than their country of citizenship, often temporarily and for work reasons. Scope of Taxation Based... Read More

Rectification of mistakes under section 154 of the Income Tax Act 2 min read

• Income Tax

Rectification of mistakes under section 154 of the Income Tax Act

10 years ago

The Income Tax Act has set procedure for Rectification of mistakes under section 154 of the Act for disposal of errors in the income tax... Read More

Tribunal should make all efforts to dispose of the appeals in the cases where there is stay of demand 5 min read

• Income Tax

Tribunal should make all efforts to dispose of the appeals in the cases where there is stay of demand

10 years ago

The Gujarat High Court in the case of Deputy Commissioner of Income Tax, TDS Circle vs. Vodafone Essar Gujarat Limited, held that the Learned Tribunal... Read More

Which Accounts can be made subject to Special Audit under section 142(2A) by Assessing Officer? 2 min read

• Income Tax

Which Accounts can be made subject to Special Audit under section 142(2A) by Assessing Officer?

Aditijh 10 years ago

  The amendment in the taxation laws in 1975, brought in to existence the sub-section (2A) to section 142 of the Income tax act of... Read More

Consequences of Non-filing of I.T. Return in Time 2 min read

• Income Tax

Consequences of Non-filing of I.T. Return in Time

Manager 10 years ago

Consequences of Non-filing of I.T. Return in Time If a man escapes a taxable income his income is considered as black money and he is... Read More

Rules for arrest and bail relating to offences as provided in the Finance Act, 2013 2 min read

• Income Tax

Rules for arrest and bail relating to offences as provided in the Finance Act, 2013

Manager 10 years ago

Recently some circulars have been issued regarding the amendments introduced by the Finance Act, 2013, for offences punishable under the provisions of Service Tax, Central... Read More

Income from stocks—business income or capital gains 1 min read

• Income Tax

Income from stocks—business income or capital gains

Manager 10 years ago

16th September: Is the return from share market being shown as business income or capital gains? Well, to remain safe, you may opt for having... Read More

How a Self-Occupied House is Taxed 3 min read

• Income Tax

How a Self-Occupied House is Taxed

Manager 10 years ago

Any financial benefits derived from one’s own house property are considered as an income and is thus taxable under the Income Tax Act. “Income from... Read More

Simplest and easiest way to revise return under section 139(5) 2 min read

• Income Tax

Simplest and easiest way to revise return under section 139(5)

Manager 10 years ago

What is Revised Return? If an assessee has already filed the return before due date and subsequently he discovers that there is any omission or... Read More

Liabilities of an auditor under the Companies Act 4 min read

• Income Tax

Liabilities of an auditor under the Companies Act

Manager 10 years ago

The Companies Act, 1956 provides that the balance sheet and profit and loss account of a company should truly state all the affairs of the... Read More