Income Tax

Tax Planning- the legal Alternative to Tax Avoidance or Tax Evasion 3 min read

• Income Tax

Tax Planning- the legal Alternative to Tax Avoidance or Tax Evasion

Skumar 8 years ago

The growing instances of accumulating huge unaccounted money or black money has made it necessary to specify the differences between tax Avoidance and Tax evasion,... Read More

An Overview of Defective Return under Income Tax Act and its implications 3 min read

• Income Tax

An Overview of Defective Return under Income Tax Act and its implications

Sourav 8 years ago

A return shall be considered as a defective return unless it is accompanied by the following documents: A return in the prescribed form with all... Read More

Understanding Form 24Q, 26Q and 27Q for TDS Returns against Tax deducted at Source 3 min read

• Income Tax

Understanding Form 24Q, 26Q and 27Q for TDS Returns against Tax deducted at Source

Sourav 8 years ago

Tax Deducted at Source, or TDS as it called in short, is considered as a kind of advance tax. The legislature gets a specific tax... Read More

Income Tax Amendment Bill for demonetized black money 3 min read

• Income Tax

Income Tax Amendment Bill for demonetized black money

Akanksha 8 years ago

Following the announcement of declaring specified bank notes “as not legal tender”, it is felt that instead of allowing people to find illegal ways of... Read More

Permanent Account Number (PAN) – How to get it and penalties if you have more than one PAN? 5 min read

• Income Tax

Permanent Account Number (PAN) – How to get it and penalties if you have more than one PAN?

Akanksha 8 years ago 2

Permanent Account Number (PAN) is a mandatory requirement across the country for majority of the financial transactions. Most of us already have PAN issued in... Read More

Intimation under Section 143(1) 5 min read

• Income Tax

Intimation under Section 143(1)

Sourav 8 years ago

On receiving the return filed u/s 139 or u/s 142 (1), the Income Tax Department processes the said return and sends an intimation under Section 143 (1)... Read More

How Can NRIs Apply for PAN Card and Deal in Securities and Property in India 3 min read

• Income Tax

How Can NRIs Apply for PAN Card and Deal in Securities and Property in India

Skumar 8 years ago

Can NRIs apply for PAN Card?-Permanent Account Number or PAN card is mandatory not only for Indians and Indian residents, but for Non- Resident Indians... Read More

CSR Expenditure and its deductions under Income Tax Act,1961 3 min read

• Income Tax

CSR Expenditure and its deductions under Income Tax Act,1961

soutrikjoy 8 years ago

  What is Corporate Social Responsibility?-Recently, CSR Expenditure has turned into a vital note much relative to Companies and big business houses. The term, in... Read More

FAQs on TDS Certificates issued by employers 3 min read

• Income Tax

FAQs on TDS Certificates issued by employers

Akanksha 8 years ago

A working person not only goes through the daily hassles but also has a lot more attached with doing a job. Depending upon the kind... Read More

When Should You Pay Penalty with Retrospective Effect Under the New Explanation for 5A of 271 (1)(c)? 3 min read

• Income Tax

When Should You Pay Penalty with Retrospective Effect Under the New Explanation for 5A of 271 (1)(c)?

Skumar 8 years ago

The union Budget presented in the year 2009 amended the explanation given in 5A of the 271 (1) (c) of the finance act making concealment... Read More