Income Tax

New rules for e-filing of wealth tax returns 2 min read

• Income Tax

New rules for e-filing of wealth tax returns

Manager 11 years ago

The Income Tax Department had been amended the Wealth Tax Rules. The Central Board of Direct Taxes has recently framed new rules to amend the... Read More

Some tax exemptions which can make you liable to penalty 2 min read

• Income Tax

Some tax exemptions which can make you liable to penalty

Manager 11 years ago

In case you want to avail some income  tax exemptions, you have to fulfill some conditions. If you fail to do so, you might not be... Read More

Getting gifts from relatives? Learn the tax implications

• Income Tax

Getting gifts from relatives? Learn the tax implications

Manager 11 years ago

NRI liable to pay Income Tax on the income earned in India 2 min read

• Income Tax

NRI liable to pay Income Tax on the income earned in India

Manager 11 years ago

According to the Income Tax Act, 1961 a non-resident Indian is defined as any person who is an Indian citizen or a person having an... Read More

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