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
Income Tax
Can forming a HUF help in saving taxes?
6 min read
A Hindu Joint Family or a HUF gives specific advantages regarding taxation. The Income Tax Act and the Wealth Tax Act recognize HUF as an... Read More
Ways of Reducing TDS
2 min read
Ways of Reducing TDS The process of TDS on salary is very confusing for many people having knowledge about Income Tax return. There are some... Read More
Mere cash deposit of more than Rs 10 lakhs in bank doesn’t indicate income has escaped Taxation: ITAT
11 min read
The assessee had deposited cash in excess of Rs 10 lakhs in his saving bank account but he had not filed return of income. The... Read More
Tax Treatment of Earnest Money Forfieted
2 min read
What is earnest money? When someone purchases or sells an immovable property, normally the purchaser gives an amount of earnest money before he makes the... Read More
Latest Home Loan Income Tax Benefits
2 min read
Saving on income tax takes lot of planning and thoughtful investment. And so as to achieve maximum benefits from the existing income tax rules and... Read More
The old Companies Act enacted in 1956 was introduced to consolidate the law governing the corporate sectors. This Act was in force for the last... Read More
Money Back Plan vs. Term Insurance Plan
3 min read
In India, most of the insurance companies insist money back insurance plan. People are quite sure about their decision regarding insurance. They find money back... Read More
As per Income Tax Act 1961, there are a few categories of earnings made by Non Resident Indians on which they have to file returns.... Read More