Income Tax
The Income Tax Tribunal, Chandigarh, in The A.C.I.T., Vs. Sh. Raghunath Singh Thakur, ITA No.152 by a judgment dated 22.06.2012 held that deduction under section... Read More
The Central Board of Direct Taxes has laid down a procedure for launching prosecution for TDS-TCS default. In connection with the above the CBDT has... Read More
The government has declared to make tax evasion a criminal offence in the country very shortly. It would prosecute offenders with an object to check... Read More
The Delhi High Court in the case of Commissioner of Income Tax vs. Gangeshwari Metal (P.) Ltd., I.T. Appeal No. 597 OF 2012 has held... Read More
To promote charity towards the poor class of the society, the government of India is encouraging people to give donations which can also be claimed... Read More
According to the provisions of the Income tax Act, 1961, a person is taxed not only for his own income but sometimes also for the... Read More
Sometimes, tax payers receive intimation of demand or that of refund from the income tax Department under section 143(1) of the Income Tax Act. Intimation... Read More