Income Tax

A summary on section 263 of the Income Tax Act 3 min read

• Income Tax

A summary on section 263 of the Income Tax Act

Manager 9 years ago

Section 263 of the Income Tax Act deals with the powers given to the Commissioner of Income tax to ask for and check the records... Read More

An Assessing Officer should help the tax payers in a reasonable manner 2 min read

• Income Tax

An Assessing Officer should help the tax payers in a reasonable manner

Manager 9 years ago

The Income Tax Appellate Tribunal in Shri Paramjeet Singh Chhabra vs. Income Tax Officer 1(2) being ITA No. 1 12/Ind/2013 (for the A.Y. 2005-06) by... Read More

Tax Issues of NRIs returning to India 2 min read

• Income Tax

Tax Issues of NRIs returning to India

Manager 9 years ago

While staying and working abroad, some people having Indian origin decide to return to India for the purpose of reuniting with their family. At times... Read More

Partial Disbursement of Home Loan and Tax Benefits 3 min read

• Income Tax

Partial Disbursement of Home Loan and Tax Benefits

Manager 9 years ago

To understand the tax treatment of getting exemptions under home loan that have been partially received or disbursed by the bank, it is necessary to... Read More

How to tackle an income tax raid? 2 min read

• Income Tax

How to tackle an income tax raid?

Manager 9 years ago

The term “Raid” in laws relating to Income Tax is an unexpected encounter with the income tax department which people are normally very afraid of.... Read More

Mere cash deposit of more than Rs 10 lakhs in bank doesn’t indicate income has escaped Taxation: ITAT 11 min read

• Income Tax

Mere cash deposit of more than Rs 10 lakhs in bank doesn’t indicate income has escaped Taxation: ITAT

Manager 9 years ago

The assessee had deposited cash in excess of Rs 10 lakhs in his saving bank account but he had not filed return of income. The... Read More

Which LIC Policy Is Best For Me? 2 min read

• Income Tax

Which LIC Policy Is Best For Me?

9 years ago

Before you decide to buy any LIC policy you are supposed to ‘check and balance’ the financial stability you can get from different policies. The... Read More

The procedure for the computation of book profit as per section 115JB should be followed strictly 3 min read

• Income Tax

The procedure for the computation of book profit as per section 115JB should be followed strictly

Akanksha 9 years ago

The ITAT Chennai in the case of the Deputy Commissioner of Income Tax, Corporate Circle-I, Coimbatore vs. M/s. Western India Cashew Company Pvt. Ltd., 2015... Read More

Can penalty under section 234E of the Income Tax act be waived of under any circumstances? 2 min read

• Income Tax

Can penalty under section 234E of the Income Tax act be waived of under any circumstances?

9 years ago

If a tax payer is charged with a penalty according to the provisions of section 234E of the Income Tax Act, the same has to... Read More

All you wanted to know about PAN Card 3 min read

• Income Tax

All you wanted to know about PAN Card

Aditijh 9 years ago

What PAN card is? PAN card is like a driving license or an aadhar card which bears a unique number. This unique number is a... Read More