Income Tax

Changes in Form 3CD for Assessment year 2016-2017 3 min read

• Income Tax

Changes in Form 3CD for Assessment year 2016-2017

Sourav 8 years ago

The Central Board of Direct Taxes has reported Income-tax (7th amendment) Rules, 2014 that replaces the current Form No. 3CD with a changed a new form. This... Read More

TDS on Non Residents U/s 195 under The Income Tax Act, 1961 2 min read

• Income Tax

TDS on Non Residents U/s 195 under The Income Tax Act, 1961

Akanksha 8 years ago

Here we provide you with a brief on TDS on Non Residents U/S 195 of the Income Tax Act, 1961. TDS (Tax Deducted at Source)... Read More

Income Computation and Disclosure standard- Revenue Recognition-ICDS IV 2 min read

• Income Tax

Income Computation and Disclosure standard- Revenue Recognition-ICDS IV

Akanksha 8 years ago

  Central Board of Direct Taxes (CBDT) notified Income Computation and Discloser Standards (ICDS) for the computation of Income under head Profit and Gains from... Read More

Income Computation and Disclosure Standard for valuation of inventories 2 min read

• Income Tax

Income Computation and Disclosure Standard for valuation of inventories

Sourav 8 years ago

ICDS (Income Computation and Disclosure Standard) is related to computation of income which chargeable under the head “Profits and gains of Business or profession” and... Read More

Is Goodwill taken by Partner at time of Retirement Taxable? 2 min read

• Income Tax

Is Goodwill taken by Partner at time of Retirement Taxable?

Sourav 8 years ago

Retirement of a Partner A partner in a firm may retire due to any reason like old age, better opportunity, or disagreement amongst the partners.... Read More

Income Disclosure Scheme(IDS) over, now you can report a tax defaulter and win the handsome reward 3 min read

• Income Tax

Income Disclosure Scheme(IDS) over, now you can report a tax defaulter and win the handsome reward

Rajbir Chawla 8 years ago

As you are aware that the deadline for Income disclosure scheme (IDS) was over on 30th September 2016. Few would be aware that the Income... Read More

Taxability of interest received in NRE Account under Income Tax Act, 1961 3 min read

• Income Tax

Taxability of interest received in NRE Account under Income Tax Act, 1961

Rajbir Chawla 8 years ago

The general query by Non resident Indians is that whether if a person, initial of Indian Origin but presently a permanent resident of a foreign... Read More

How to Keep your Credit Score, CIBIL, healthier for better Creditworthiness 2 min read

• Income Tax

How to Keep your Credit Score, CIBIL, healthier for better Creditworthiness

Sourav 8 years ago

What is Credit Score? A credit score is a 3 digit figure which is generated with the help of a mathematical algorithm which uses the... Read More

Interest earned by a co-operative society on investments with other societies is entitled to be deducted 4 min read

• Income Tax

Interest earned by a co-operative society on investments with other societies is entitled to be deducted

Baisakhi Ganguly 8 years ago

The Income Tax Tribunal at Mumbai in the case of Lands End Co-operative Housing Society Ltd (having PAN/GIR No. AAAAL 0060C) vs. I.T.O. ward-16(1)(3), Mumbai... Read More

Approval/ Cancellation Process Under Section 10(23C)of Income Tax Act 2 min read

• Income Tax

Approval/ Cancellation Process Under Section 10(23C)of Income Tax Act

Anuj Mathur 8 years ago

Learn the process of approval or rejection of applications under section 10(23C) as well as cancellation of registration u/s 10(23). Section 10 (23C) Under Section... Read More