Manager

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

What are the Provisions for Re-opening an Assessment 2 min read

• Income Tax

What are the Provisions for Re-opening an Assessment

Manager 9 years ago

Section 147 of the Income Tax Act authorizes the Assessing Officer to re-assess the income chargeable to tax, in cases where he has reason to... Read More

How to Avoid Some Common Errors in Filing Income Tax Return 2 min read

• Income Tax

How to Avoid Some Common Errors in Filing Income Tax Return

Manager 9 years ago

Most taxpayers file their income tax return at the last moment for which errors are bound to take place. The following are the ways to... Read More

Income Tax department decided to scan TDS of corporate executives 2 min read

• Income Tax

Income Tax department decided to scan TDS of corporate executives

Manager 9 years ago

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

Privacy Policy

• Income Tax

Privacy Policy

Manager 9 years ago

How a Self-Occupied House is Taxed 3 min read

• Income Tax

How a Self-Occupied House is Taxed

Manager 9 years ago

Any financial benefits derived from one’s own house property are considered as an income and is thus taxable under the Income Tax Act. “Income from... 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

Loan on Securities for Instant Liquidity 2 min read

• Income Tax

Loan on Securities for Instant Liquidity

Manager 9 years ago

Securities are important assets which you either invest in as asset for future emergency use or for saving income tax. In case of urgency you... Read More

Impact of non filing of return upon receiving notice from the department 2 min read

• Income Tax

Impact of non filing of return upon receiving notice from the department

Manager 9 years ago

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

Impact of non filing of return upon receiving notice from the department 2 min read

• Income Tax

Impact of non filing of return upon receiving notice from the department

Manager 9 years ago

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