Manager

Insurance Policy As An Investment 2 min read

• Income Tax

Insurance Policy As An Investment

Manager 9 years ago

Insurance Policy – The Investment Investing on insurance policy is one of the most expensive ways of investment. It involves the cost of the insurance... Read More

Set off of unabsorbed depreciation 1 min read

• Income Tax

Set off of unabsorbed depreciation

Manager 9 years ago

Set off of unabsorbed depreciation    ... Read More

The grievances of the petitioner expressed in a letter is nothing but an appeal under Rule 86 of Second Schedule to the Income Tax Act 3 min read

• Income Tax

The grievances of the petitioner expressed in a letter is nothing but an appeal under Rule 86 of Second Schedule to the Income Tax Act

Manager 9 years ago

The Bombay High Court in the case of Vinod K. Bhagat vs. Tax Recovery Officer and Others, 2015 (3) TMI 105, held that the grievances... Read More

Factors to be considered before selling a house before three years 2 min read

• Income Tax

Factors to be considered before selling a house before three years

Manager 9 years ago

One can earn a lot from the profit earned by selling a house. But if somebody sells a house before three years, such a sale... Read More

Gujarat High Court held only receipt of income is not taxable income 2 min read

• Income Tax

Gujarat High Court held only receipt of income is not taxable income

Manager 9 years ago

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

Simplest and easiest way to revise return under section 139(5) 2 min read

• Income Tax

Simplest and easiest way to revise return under section 139(5)

Manager 9 years ago

What is Revised Return? If an assessee has already filed the return before due date and subsequently he discovers that there is any omission or... Read More

No penalty under section 271(1) (c) can be levied on account of failure in deduction of TDS 3 min read

• Income Tax

No penalty under section 271(1) (c) can be levied on account of failure in deduction of TDS

Manager 9 years ago

The ITAT Mumbai in the case of Rushi Builders and Developers Hotel Bay View, Gorai Khadi, L. T. Road, Borivali (W), Mumbai – 400 091,... Read More

Comparison Between LIC Bima Account Plans I And II 2 min read

• Income Tax

Comparison Between LIC Bima Account Plans I And II

Manager 9 years ago

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

Penalty under section 271(1) (c) of the Income Tax Act 3 min read

• Income Tax

Penalty under section 271(1) (c) of the Income Tax Act

Manager 9 years ago

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

Save tax by making donations to charitable institutions under section 80G 2 min read

• Income Tax

Save tax by making donations to charitable institutions under section 80G

Manager 9 years ago

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