Manager

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

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

Tax evasion can land you in deep trouble 5 min read

• Income Tax

Tax evasion can land you in deep trouble

Manager 9 years ago

Individuals have the liberty to self assess their income and pay taxes accordingly. However that does not mean that if someone conceals a particular source... Read More

How to protect against clubbing of minor’s income? 2 min read

• Income Tax

How to protect against clubbing of minor’s income?

Manager 9 years ago

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

New Proposed Direct Tax Bill To Revise Much More than Super Rich Income Tax Slab @ 35% 2 min read

• Income Tax

New Proposed Direct Tax Bill To Revise Much More than Super Rich Income Tax Slab @ 35%

Manager 9 years ago

The cabinet minister discussed the new revised tax code for direct tax. The revised bill for direct tax proposes a new higher slab of Income... Read More

Want to get an early tax refund? Know how to get it. 2 min read

• Income Tax

Want to get an early tax refund? Know how to get it.

Manager 9 years ago

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

Some common errors which we do while filing returns 2 min read

• Income Tax

Some common errors which we do while filing returns

Manager 9 years ago

Though we should file income tax returns every year, we still make some errors. There are some common errors which we make in most cases.... Read More

Glimpses of taxation amendments in budget 2015 6 min read

• Income Tax

Glimpses of taxation amendments in budget 2015

Manager 9 years ago

Regarding income of all kinds of assessees liable to pay income tax for the assessment year 2015-2016, the rates of income tax have been stated... 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

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