In the process of any proceedings or hearing under the Act, if the AO (assessing officer) or Commissioner is found that any tax payer has... Read More
Income Tax
Though we require filing income tax returns (ITR) every year, we are still prone to errors. There are some errors which are often made by... Read More
It has been held recently by the Bombay High Court in the case of Commissioner of Income Tax -11 vs. M/s. Jet Speed Audio Pvt.... Read More
Mr V P GUPTA, ADVOCATE WHO REPRESENTED THE HISTORICAL REFUND CASE IN DELHI HIGH COURT HAS PREPARED THE DRAFT LETTER AND REQUEST ALL ASSOCIATIONS and... 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
There are many judgments of different courts which have adjudicated the issue of levy of penalty under section 271(1) (c) of the Income Tax Act.... Read More
Though we should file income tax returns every year, we still make some errors. There are some common errors which we make in most cases.... Read More
Two new non-linked policies have been launched by Life Insurance Corporation of India- Bima Account I and Bima Account II. These plans are quite simple... Read More
There is an increase of Defaulting in TDS submissions. And so there is an increase in applications for immunity from accountants. In the cases in... Read More
Here is some bad news for tax evaders. A circular issued by the Central Board of Direct taxes states that salaried taxpayers claiming exemption for HRA allowance now... Read More