Income Tax

Process of Applying TAN and FAQs regarding TAN Application Form 49B 3 min read

• Income Tax

Process of Applying TAN and FAQs regarding TAN Application Form 49B

Rajbir Chawla 9 years ago

Tax deduction Account number (TAN)- Every assesse whether a Central or state government or a local authority, Statutory or an Autonomous body, Company, or any... Read More

Relaxation u/s 119(2)(c) can be claimed only within the prescribed time period 2 min read

• Income Tax

Relaxation u/s 119(2)(c) can be claimed only within the prescribed time period

Sourav 9 years ago

It is a common thing that taxpayers’ delay in filing their income tax refund claims for. Likewise filing of tax by some of the taxpayers... Read More

Click here to know- How to Reduce Tax Burden on your NPS Maturity Amount 4 min read

• Income Tax

Click here to know- How to Reduce Tax Burden on your NPS Maturity Amount

Garima Jalali 9 years ago

….before we discuss more on the Ways to Reduce Tax Burden on your NPS Maturity Amount let us first know a bit about Pension and... Read More

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

• Income Tax

Changes in Form 3CD for Assessment year 2016-2017

Sourav 9 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 9 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 9 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 9 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 9 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 9 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 9 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