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
Income Tax
- Your guide to understanding and filing income tax returns.
- Simplify your tax filing process with expert advice.
- Learn about the different types of income tax, including individual income tax, corporate income tax, and more. Understand the income tax slabs, deductions, and exemptions applicable to various income sources.
- Get expert advice on tax planning and saving strategies to minimize your tax liability. Learn how to file your income tax return accurately and on time, avoiding penalties and interest charges.
- Stay up-to-date with the latest income tax news, circulars, and notifications. Access useful tools like income tax calculators, TDS calculators, and form 16 download links.
One can avail deduction for expenses on account of medical treatment of himself or any of his dependents in case of some specified diseases like... Read More
Many people think that the benefit amount they receive on the maturity of all life insurance policies is exempt from income tax. However that is... Read More
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
Transfer pricing rules in India
4 min read
Commercial transactions between the different multinational groups may not take place through the same market forces existing between the two independent companies. One company often... Read More
All about Limited Liability Partnership
3 min read
Limited Liability Partnership (LLP) is a new corporate vehicle which enables professional expertise to combine a company with the flexibility of a partnership and allows... Read More
Reassessment of income is allowed in cases where the Assessing Officer believes that any income chargeable to tax has escaped assessment during any financial year.... Read More
High Court allows filing the revised return after service of intimation under section 143(1)
3 min read
The Kolkata High Court in the case of Tata Metaliks Ltd. vs. C.I.T. III, Kolkata, being ITA No. 301 of 2005, has held that an... Read More
Key Dates for Indian Taxes Part I
2 min read
Increase in your income give you joy. But if proper accounting of the transactions and book keeping is not done it can lead to lot... Read More
Employer can forfeit gratuity of an employee in case of moral turpitude 
Diving Deeper: The Impact of the New Tax Bill on Dairy and Farming Income 
Bombay High Court Upholds Section 271(1)(c) Penalty for Deliberate Non-Disclosure 
Reporting of Foreign Assets by Indian Taxpayers under Section 139(1) of the Income Tax Act