Income Tax

All about Limited Liability Partnership 3 min read

• Income Tax

All about Limited Liability Partnership

Manager 9 years ago

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 based on subsequent decision does not amount to change of opinion 2 min read

• Income Tax

Reassessment based on subsequent decision does not amount to change of opinion

Manager 9 years ago

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

• Income Tax

High Court allows filing the revised return after service of intimation under section 143(1)

Manager 9 years ago

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

• Income Tax

Key Dates for Indian Taxes Part I

Manager 9 years ago

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

Why people should avoid tax evasion? 3 min read

• Income Tax

Why people should avoid tax evasion?

Manager 9 years ago

A recent report released by the Indian Finance Ministry stated that the number of taxpayers in India for the financial year 2011-12 is around 3.24... Read More

Deductions u/s 80 for Salaried employees under Indian Income Tax 8 min read

• Income Tax

Deductions u/s 80 for Salaried employees under Indian Income Tax

Manager 9 years ago

The Income Tax Act provides that on determination of the gross total income of an assessee after considering income from all the heads, certain deductions there from may... Read More

What if you are caught with tax evasion?

• Income Tax

What if you are caught with tax evasion?

Manager 9 years ago

All about clubbing of income of spouse and children 4 min read

• Income Tax

All about clubbing of income of spouse and children

Manager 9 years ago

According to the provisions of the Income tax Act, 1961, a person is taxed not only for his own income but sometimes also for the... Read More

Whether interest earned on margin received can be adjusted against interest paid on borrowings-Yes

• Income Tax

Whether interest earned on margin received can be adjusted against interest paid on borrowings-Yes

Manager 9 years ago

CBDT procedure for launching prosecution for TDS-TCS default 3 min read

• Income Tax

CBDT procedure for launching prosecution for TDS-TCS default

Aditijh 9 years ago

The Central Board of Direct Taxes has laid down a procedure for launching prosecution for TDS-TCS default. In connection with the above the CBDT has... Read More