Income Tax

CBDT extends the time for filling tax audit report 2 min read

• Income Tax

CBDT extends the time for filling tax audit report

Manager 9 years ago

The Central Board of Direct Taxes has extended the deadline for filing tax audit report as per section 44AB of the Income Tax Act,1961, from... Read More

Indian Income Tax Calculators: Find out “What Will Indian Income Tax Department Take Away From You” 2 min read

• Income Tax

Indian Income Tax Calculators: Find out “What Will Indian Income Tax Department Take Away From You”

9 years ago

Every year in the last week of February, a new National budget is presented. The finance minister along with all the national expenses also informs... Read More

All about Inter State GST 3 min read

• Income Tax

All about Inter State GST

9 years ago

Goods and Service tax (GST) is the mile stone tax reform of India at present. It is on its way to implementation. GST bill is... Read More

Cost Inflation Index Does it Affect Your Pocket 2 min read

• Income Tax

Cost Inflation Index Does it Affect Your Pocket

9 years ago

Cost Inflation Index has become the every country’s matter of concern in these fluctuating economic conditions. So far India is concerned, the country is constantly experiencing... Read More

All about e -TDS returns 2 min read

• Income Tax

All about e -TDS returns

9 years ago

E -TDS returns are those TDS returns that are prepared in some specific forms in the electronic media according to the prescribed structure in a... Read More

Taxability of amount received from Life insurance proceeds on maturity 2 min read

• Income Tax

Taxability of amount received from Life insurance proceeds on maturity

9 years ago

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

TDS deducted by an employer cannot be recovered from an employee if it is not deposited duly 3 min read

• Income Tax

TDS deducted by an employer cannot be recovered from an employee if it is not deposited duly

9 years ago

Where a company has deducted Tax at Source (TDS) from the salary of an employee, but did not deposit the same to the Government treasury,... Read More

Know more about new house rent allowance (HRA) rules 2 min read

• Income Tax

Know more about new house rent allowance (HRA) rules

Akanksha 9 years ago

In a recent change in the rent allowance rules for people who pay an annual rent exceeding the limit of Rs.100,000 per annum, would need... Read More

All about Income Tax Raid 4 min read

• Income Tax

All about Income Tax Raid

9 years ago 2

One should not keep any unaccounted or undeclared money, jewellery or any kind of wealth, commonly known as black money. All such income should always be... 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

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