Income Tax

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

Application for Charitable Trust Registration Under Section 12 AA 2 min read

• Income Tax

Application for Charitable Trust Registration Under Section 12 AA

9 years ago

In Society for the Promotion of Education, Adventure Sport and Conservation of Environment versus Chief of Income Tax (2008) 216 CTR (All) 167, the Allahabad... Read More

Penalties for Having a Fake or Duplicate PAN Card 2 min read

• Income Tax

Penalties for Having a Fake or Duplicate PAN Card

9 years ago

Presently, there are more than 12 lakh duplicate PAN (Permanent Account Number) card holders existing in our country. Though the government denies the allegations of... Read More

High Value Transactions To Attract Income Tax Scrutiny

• Income Tax

High Value Transactions To Attract Income Tax Scrutiny

9 years ago

No addition under section 68 if one can prove the authenticity of a transaction 4 min read

• Income Tax

No addition under section 68 if one can prove the authenticity of a transaction

9 years ago

The Delhi High Court in the case of Commissioner of Income Tax vs. Gangeshwari Metal (P.) Ltd., I.T. Appeal No. 597 OF 2012 has held... Read More

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

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

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

• Income Tax

All about clubbing of income of spouse and children

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