Income Tax

Insurance policy- good or bad 2 min read

• Income Tax

Insurance policy- good or bad

Manager 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

Provision Of Reassessment Under Income Tax Act 1961- PART II 2 min read

• Income Tax

Provision Of Reassessment Under Income Tax Act 1961- PART II

Manager 9 years ago

Provision Of Reassessment Under Income Tax Act 1961- PART I Case Situation 3 In case, the assessee has to file u/s 92 E reports against some international... Read More

Are the properties purchased from NRIs subjected to TDS? 2 min read

• Income Tax

Are the properties purchased from NRIs subjected to TDS?

Manager 9 years ago

Tax has to be deducted at source when someone makes payment to a NRI vendor for purchasing a property. Non-deduction of tax at source at the time... Read More

Deemed Dividend under section 2(22) explained 3 min read

• Income Tax

Deemed Dividend under section 2(22) explained

Manager 9 years ago

Deemed dividend under section 2(22) from an Indian company or any dividend that is received from a foreign company is taxable in the hands of... Read More

Glimpses of the Black Money Bill 3 min read

• Income Tax

Glimpses of the Black Money Bill

Manager 9 years ago

The government has recently introduced the Undisclosed Foreign Income and Assets Bill, 2015, commonly known as the Black Money Bill. The income tax department has... Read More

CBDT extends the time for filling tax audit report 2 min read

• Income Tax

CBDT extends the time for filling tax audit report

Manager 9 years ago

The Central Board of Direct Taxes has extended the deadline for filing tax audit report as per section 44AB of the Income Tax Act,1961, from... Read More

Assets installed in a discontinued business are too eligible for depreciation 4 min read

• Income Tax

Assets installed in a discontinued business are too eligible for depreciation

9 years ago

The Hon’ble Bombay High Court in the case of Commissioner of Income Tax¬ (Appellant) vs. Sonic Biochem Extractions Pvt. Ltd. (respondent) being ITA No. 2088... Read More

SBI- Life Sudarshan Plan

• Income Tax

SBI- Life Sudarshan Plan

9 years ago

Income tax deductions towards expenses for medical treatment of a disabled or ailing dependent 2 min read

• Income Tax

Income tax deductions towards expenses for medical treatment of a disabled or ailing dependent

9 years ago

The Income Tax Act, 1961 provides special deductions in the income tax of a taxpayer who has a disabled or ailing dependent for whom the... Read More

Defaulter of TDS not liable to pay the tax but only interest and penalty 5 min read

• Income Tax

Defaulter of TDS not liable to pay the tax but only interest and penalty

9 years ago

The Allahabad High Court in the recent case of Jagran Prakashan Ltd. vs. The Deputy Commissioner of Income Tax (TDS) (Writ Tax NO. 388 of... Read More