Income Tax

Non-reporting of actual income for taxation as an error 2 min read

• Income Tax

Non-reporting of actual income for taxation as an error

9 years ago

Though we require filing income tax returns (ITR) every year, we are still prone to errors. There are some errors which are often made by... Read More

Mandatory Manual Income Tax Scrutiny Criteria F.Y. 2013-14 2 min read

• Income Tax

Mandatory Manual Income Tax Scrutiny Criteria F.Y. 2013-14

Manager 9 years ago

The Board via INSTRUCTION NO 10/2013 declared the manual selection criteria for Income Tax Scrutiny for the financial year 2013-2014. The Central Action Plan for F.Y.2013-2014 was used... Read More

The Different Aspects of a Reverse Mortgage 2 min read

• Income Tax

The Different Aspects of a Reverse Mortgage

Manager 9 years ago

In the year 2007, the Union Finance Minister has adapted a popular concept from the Western countries, Reverse Mortgage. The concept of reverse mortgage: A... Read More

New changes in Service tax laws 4 min read

• Income Tax

New changes in Service tax laws

Manager 9 years ago

The Central Government has issued some new notifications for the year 2013-14 for implementation of few new rules in the field of Service Tax. The... Read More

Impact of non filing of return upon receiving notice from the department 2 min read

• Income Tax

Impact of non filing of return upon receiving notice from the department

Manager 9 years ago

Filing of income tax return is an obligation to be fulfilled by individuals. It is a social duty by the citizens of the country. The... Read More

Want to get an early tax refund? Know how to get it. 2 min read

• Income Tax

Want to get an early tax refund? Know how to get it.

Manager 9 years ago

Delay in receiving tax refund is a common phenomenon in India. If you are waiting for your tax refund for quite a long time, there... Read More

Availment of Cenvat Credit is possible even after one year. (means reasonable period to take the Cenvat Credit is not one Year 2 min read

• Income Tax

Availment of Cenvat Credit is possible even after one year. (means reasonable period to take the Cenvat Credit is not one Year

Manager 9 years ago

The Decision has been taken in following case    IN THE CUSTOMS, EXCISE AND SERVICE TAX APPELLATE TRIBUNAL WEST ZONAL BENCH AT MUMBAI COURT NO.... Read More

The Income Tax Appellate Tribunal declares slump sale surplus as a capital gain 6 min read

• Income Tax

The Income Tax Appellate Tribunal declares slump sale surplus as a capital gain

Manager 9 years ago

One of the most fashionable trends of business in the present world of business is a transfer through slump sale. This kind of deals falls... Read More

Should tax be imposed on Agricultural income in India? 2 min read

• Income Tax

Should tax be imposed on Agricultural income in India?

Manager 9 years ago

Agriculture income is exempt from income tax in India under the provisions of the Income Tax Act. It means that income earned by means of... 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

Manager 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