Income Tax

Filing of Income Tax Return without paying Self Assessment Tax makes it defective 2 min read

• Income Tax

Filing of Income Tax Return without paying Self Assessment Tax makes it defective

9 years ago

Present provisions of section 139(9) of the Income Tax Act: The present provisions of section 139(9) of the Income Tax Act contain the conditions the... Read More

The New Channel of Collecting Information Return for AIR 3 min read

• Income Tax

The New Channel of Collecting Information Return for AIR

Aditijh 9 years ago

The new channel of collecting information in the form of Annual Information Return provided in Section 285BA of the I.T. Act 1961 has come across... Read More

No addition to income can be allowed for unexplained investment based on an unsigned agreement for sale of property 5 min read

• Income Tax

No addition to income can be allowed for unexplained investment based on an unsigned agreement for sale of property

9 years ago

It has recently been held by the ITAT, Hyderabad in the case of R.Nalini Devi vs. Department of Income Tax, (ITA Nos. 930 and 931... Read More

Glimpses of taxation amendments in budget 2015 6 min read

• Income Tax

Glimpses of taxation amendments in budget 2015

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

Understanding Notice from Income Tax Department and how to handle it 4 min read

• Income Tax

Understanding Notice from Income Tax Department and how to handle it

Aditijh 9 years ago

One of the biggest worries of income tax payers is getting notice from Income Tax Department. The Department issues notices under various provisions of Income... Read More

Insurance policy- good or bad 2 min read

• Income Tax

Insurance policy- good or bad

9 years ago

Buying life insurance-both life and general can be tricky. The wide range of policies available in the life insurance sector creates confusion in the mind... Read More

Some Basics required to be known before filing Income tax 3 min read

• Income Tax

Some Basics required to be known before filing Income tax

9 years ago

The general principle of filing income tax returns is that whosoever has an annual income beyond a certain exemption limit has to file his or... 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

Is there a Waiver in Arrears of Penalty for Deceased Individuals? 2 min read

• Income Tax

Is there a Waiver in Arrears of Penalty for Deceased Individuals?

9 years ago

The proposition There are various corporate laws, which are applicable on any working individual. However, certain issues have been missing in those laws. Recently, a... Read More

KLR Industries Ltd vs. DCIT (ITAT Hyderabad) 2 min read

• Income Tax

KLR Industries Ltd vs. DCIT (ITAT Hyderabad)

9 years ago

One of the well known principles of law for the establishment of a credit shown in the accounts is that the beginner onus is on... Read More