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New section inserted: A new section has been inserted and numbered as section 194-IA of the Income-tax Act. When the consideration amount shall be credited... Read More
Choosing the best car loan option
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Car is not only a status symbol, but it is also a necessity, especially in metro cities, where you have to regularly travel to far... Read More
Delay in receiving tax refund is a common phenomenon in India. If you are waiting for your tax refund for quite a long time, there... Read More
Filing of income tax return is an obligation to be fulfilled by individuals. It is a social duty by the citizens of the country. The... Read More
The Gujarat High Court in a recent judgment held that only receiving a sum of money cannot be chargeable to income tax. The Gujarat High... Read More
The Income Tax department has decided to scan the salary of the executives of corporate for the purpose of examining the concealed tax opportunities in... Read More
The new Companies Bill seeks to promote class-action suits for corporate frauds. The bill has been passed by the Lok Sabha in the year 2012. The... Read More
As a general rule an assessee is taxed for his own income. But under certain exceptional circumstances this rule is not applicable. An assessee is... Read More