It has been recently held by the ITAT Delhi in the case of Mithila Credit Services Ltd vs. ITO, being ITA No. 1078/Del/2013 that the... Read More
Income Tax
Income Tax Scrutiny Aspects In India
3 min read
In general, income tax department cannot assess all the income tax returns filed in one financial year. Hence, normally random scrutiny for assessing the assessee... Read More
If an assessee dies intestate, that is without making a will, his return of income tax can still be filed by his legal heirs and... Read More
The Apex Court in a recent judgment held that despite pronouncing a judgment in an open court a Judge can change his view until the... Read More
Check EPF Balance Online
2 min read
In this hi-tech era, digitization has covered everything in financial market. How can EPFO stay behind? Now EPF investors can get all details of their... Read More
The Apex Court in one of its recent judgment held that non-filing of income tax return may lead to prosecution under the Income Tax Act.... Read More
If someone files his income tax return after the due date, he shall be liable to pay penal interest as per section 234 of the... Read More
Individuals are entitled to claim deduction under section 80E of the Income Tax Act, 1961 on education loan. Section 80E of Income Tax Act allows... Read More
Taxpayers in India whether they are salaried people or not, prefer to involve themselves in share trading as it is an easy way of earning... Read More
The general principle of filing income tax returns is that whosoever has an annual income beyond a certain exemption limit has to file his or... Read More