The Finance Bill 2012 seeks to make some important amendments in the Income Tax Act. An Analysis of the Bill shows that it tends to... Read More
Income Tax
Medical reimbursement paid to employees is not part of salary and no TDS can be charged upon it
2 min read
The Income Tax Appellate Tribunal in the Assistant Commissioner of Income Tax (TDS) vs. M/s. SAP Labs India Pvt. Ltd. being ITA Nos.1414 to 1416/Bang/2012... Read More
Section 73 of the Income Tax Act contains the provisions relating to carry forward and set off of losses arising from speculation business. The explanation... Read More
If you receive capital assets either by way of gift or by way of inheritance through a will from your dear ones, the liability towards... Read More
To understand the tax treatment of getting exemptions under home loan that have been partially received or disbursed by the bank, it is necessary to... Read More
One of the most fashionable trends of business in the present world of business is a transfer through slump sale. This kind of deals falls... Read More
Check EPF Balance Online
2 min read
In this hi-tech era, digitization has covered everything in financial market too. How can EPFO stay behind? Now, EPF investors can get all details of... Read More
All about Representative Assessee
3 min read
Section 160 (1) (i) of the Income Tax Act deals with the term “Representative Assessee” for all purposes of assessment of income tax. It refers... Read More
Traditionally since ages Income Tax Officers have been harassing tax payers and coercing them to admit to undisclosed income. Not any more now, Well,... Read More
As per Section 119 of the Income Tax, 1961, a fresh set of guidelines were issued for condoning delayed filing of income tax returns on... Read More