Income Tax

Penalty under section 271(1) (c) of the Income Tax Act 2 min read

• Income Tax

Penalty under section 271(1) (c) of the Income Tax Act

9 years ago

The expression “Penalty” has nowhere been defined in the Income Tax Act, 1961. Penalty is generally treated as a liability comprising a punishment upon the... Read More

Fresh guidelines on delayed filing of Income Tax Return 2 min read

• Income Tax

Fresh guidelines on delayed filing of Income Tax Return

Aditijh 9 years ago

As per Section 119 of the Income Tax, 1961, a fresh set of guidelines were issued for condoning delayed filing of income tax returns on... Read More

Supreme Court declares penalty to be imposed only in case concealment of income is proved 3 min read

• Income Tax

Supreme Court declares penalty to be imposed only in case concealment of income is proved

9 years ago

The Supreme Court in a recent judgment held that the income tax department cannot levy penalty only due to the reason that the authorities and... Read More

Learn how to know your online income tax refund status 3 min read

• Income Tax

Learn how to know your online income tax refund status

9 years ago

  Do you want to know your income tax refund status? This issue is faced by most of the tax payers in India. People file... Read More

Can working in a foreign country keep you income tax free? 3 min read

• Income Tax

Can working in a foreign country keep you income tax free?

9 years ago

Getting a job overseas could be a reason to celebrate. But one should always remember that his income will be taxable and one cannot evade... Read More

Get benefit under section 80DD for medical expenses of disabled dependants 3 min read

• Income Tax

Get benefit under section 80DD for medical expenses of disabled dependants

9 years ago

The Income Tax Act, 1961 provides some special reliefs to the tax payers for the expenses incurred by them towards the medical treatment of their... Read More

What are the Provisions for Re-opening an Assessment 2 min read

• Income Tax

What are the Provisions for Re-opening an Assessment

9 years ago

Section 147 of the Income Tax Act authorizes the Assessing Officer to re-assess the income chargeable to tax, in cases where he has reason to... Read More

Charitable organizations entitled to deduction of 15% of the gross receipts without fulfilling any condition 4 min read

• Income Tax

Charitable organizations entitled to deduction of 15% of the gross receipts without fulfilling any condition

9 years ago

It has recently been held by the ITAT Chandigarh in the cases of the Income Tax Officer vs. Bhartiya Vidya Mandir Trust, Ward VI (1),... Read More

Penalty under the Income Tax Act 3 min read

• Income Tax

Penalty under the Income Tax Act

9 years ago

The Income Tax Act provides that if someone fails and/ or neglects to pay tax, penalty imposed on him and he is liable to pay... Read More

When and How To Complain Against Assessing IT Officer 2 min read

• Income Tax

When and How To Complain Against Assessing IT Officer

9 years ago

It is not that always the income tax payer is on the wrong side. Sometimes, the behavior and the attitude of the income tax assessing... Read More