Income Tax

Understanding Notice from Income Tax Department and how to handle it 4 min read

• Income Tax

Understanding Notice from Income Tax Department and how to handle it

Aditijh 9 years ago

One of the biggest worries of income tax payers is getting notice from Income Tax Department. The Department issues notices under various provisions of Income... Read More

Insurance policy- good or bad 2 min read

• Income Tax

Insurance policy- good or bad

9 years ago

Buying life insurance-both life and general can be tricky. The wide range of policies available in the life insurance sector creates confusion in the mind... Read More

Some Basics required to be known before filing Income tax 3 min read

• Income Tax

Some Basics required to be known before filing Income tax

9 years ago

The general principle of filing income tax returns is that whosoever has an annual income beyond a certain exemption limit has to file his or... Read More

Penalties for Having a Fake or Duplicate PAN Card 2 min read

• Income Tax

Penalties for Having a Fake or Duplicate PAN Card

9 years ago

Presently, there are more than 12 lakh duplicate PAN (Permanent Account Number) card holders existing in our country. Though the government denies the allegations of... Read More

Is there a Waiver in Arrears of Penalty for Deceased Individuals? 2 min read

• Income Tax

Is there a Waiver in Arrears of Penalty for Deceased Individuals?

9 years ago

The proposition There are various corporate laws, which are applicable on any working individual. However, certain issues have been missing in those laws. Recently, a... Read More

KLR Industries Ltd vs. DCIT (ITAT Hyderabad) 2 min read

• Income Tax

KLR Industries Ltd vs. DCIT (ITAT Hyderabad)

9 years ago

One of the well known principles of law for the establishment of a credit shown in the accounts is that the beginner onus is on... Read More

Prosecution is the penalty for tax evasion 2 min read

• Income Tax

Prosecution is the penalty for tax evasion

9 years ago

All those of you who are earning income from sources or receiving salary, so when did you last pay your tax? We are all so... Read More

The Apex Court explains “religious or charitable purpose” for claiming exemption under Section 11 4 min read

• Income Tax

The Apex Court explains “religious or charitable purpose” for claiming exemption under Section 11

9 years ago

The Apex Court in the case of CIT vs. Dawoodi Bohara Jamat, Civil Appeal No. 2492 of 2014, on 20.2.2014 has held that a charitable... Read More

Law Relating to Gift Tax in India 2 min read

• Income Tax

Law Relating to Gift Tax in India

Manager 9 years ago

Law Relating to Gift Tax in India In the earlier times in India cash gifts of up to Rs 50,000 were tax free but if... Read More

How to file the income tax return of a deceased assessee? 4 min read

• Income Tax

How to file the income tax return of a deceased assessee?

Manager 9 years ago

If an assessee dies intestate, that is without making a will, his return of income tax can still be filed by his legal heirs and... Read More