Would EPF withdrawal make sense for you or would it hurt you financially?
One of the main employment-related savings-cum-investment features is the Employee provident Fund (EPF) that is regulated by the statutory body of Labor Ministry, Ministry of... Read More
Income Tax
- Your guide to understanding and filing income tax returns.
- Simplify your tax filing process with expert advice.
- Learn about the different types of income tax, including individual income tax, corporate income tax, and more. Understand the income tax slabs, deductions, and exemptions applicable to various income sources.
- Get expert advice on tax planning and saving strategies to minimize your tax liability. Learn how to file your income tax return accurately and on time, avoiding penalties and interest charges.
- Stay up-to-date with the latest income tax news, circulars, and notifications. Access useful tools like income tax calculators, TDS calculators, and form 16 download links.
Penal Provisions for Benami Transactions under Benami Transactions Prohibition Act 2016 to Unearth Fraud Transactions
In a bid to cleanse the economy, the Indian government had demonetized 86% of the currency in circulation and tried to bring every rupee accounted... Read More
How to get PAN Reactivated- what to do to respond to IT-department?
Deactivated PAN can be a matter of concern for many Income Tax assesses since it is the fastest way to communicate with the Income Tax... Read More
No more taking your own time for Income Tax Return filing- Find out why?
The Union Budget of 2017 witnessed a major decision regarding the validation of time taken for assessment, re-assessment and re-computation for revised Income Tax return... Read More
What Union Bugdet 2017 has in store as Income Tax Benefits for Startup community
The government of India has taken several moves to boost the Startup ecosystem in India since 16 January’2016 (launching of the Startup India Campaign). On... Read More
Income tax department can reopen old cases, even upto ten years, in case of big deals
As per the memorandum of the Finance Bill 2017, the Income tax department can reopen old cases and the books of accounts of an assessee... Read More
Receipt of share premium can’t be assessed as unexplained credit where the transaction, identity of the payer and capacity of the subscriber are genuine
As per section 68 of the Income Tax Act, if the shares are issued at the premium which defies commercial prudence, the receipt of such... Read More
Extension on exemption for capital gains on Rupee Denominated Bonds
The offshore Rupee denominated bonds, generally known as the masala bonds, got a tax benefit when the government during the Budget 2017 exempted them from... Read More
Reasons to believe for conducting a search & seizure not to be disclosed
Sub-section (1) and Sub-Section (1A) of section 132 of the Income Tax Act, 1961 provides that where the authority stated therein, depending on the information in his... Read More
Chartered Accountants, Professionals To Bear Penalty For Wrong Certificates And Reports
The Central Government has over the period moved its focus more on voluntary compliance. Certain certificates and certification of reports by a qualified professionals have... Read More
Employer can forfeit gratuity of an employee in case of moral turpitude 
Diving Deeper: The Impact of the New Tax Bill on Dairy and Farming Income 
Bombay High Court Upholds Section 271(1)(c) Penalty for Deliberate Non-Disclosure 
Reporting of Foreign Assets by Indian Taxpayers under Section 139(1) of the Income Tax Act