Investing to save income tax has its own positive benefits and aspects. First, it gives rebate on income tax and secondly it automatically improves your... Read More
Income Tax
- Your guide to understanding and filing income tax returns.
- Simplify your tax filing process with expert advice.
- Learn about the different types of income tax, including individual income tax, corporate income tax, and more. Understand the income tax slabs, deductions, and exemptions applicable to various income sources.
- Get expert advice on tax planning and saving strategies to minimize your tax liability. Learn how to file your income tax return accurately and on time, avoiding penalties and interest charges.
- Stay up-to-date with the latest income tax news, circulars, and notifications. Access useful tools like income tax calculators, TDS calculators, and form 16 download links.
High Court allows filing the revised return after service of intimation under section 143(1)
3 min read
The Kolkata High Court in the case of Tata Metaliks Ltd. vs. C.I.T. III, Kolkata, being ITA No. 301 of 2005, has held that an... Read More
Though filing of Income Tax return is voluntary but the Government of India has made the filing of return for any income which is taxable... Read More
New rules for e-filing of wealth tax returns
2 min read
The Income Tax Department had been amended the Wealth Tax Rules. The Central Board of Direct Taxes has recently framed new rules to amend the... Read More
In case you want to avail some income tax exemptions, you have to fulfill some conditions. If you fail to do so, you might not be... Read More
According to the Income Tax Act, 1961 a non-resident Indian is defined as any person who is an Indian citizen or a person having an... Read More
What is the procedure of Compliance of TDS on Sale of Immovable Property under Section 194-1A?
3 min read
The Finance Bill 2013 has incorporated a new section 194-IA in the Income Tax Act. According to the provision TDS at the rate of 1%... Read More
Can DTAA help NRIs to avoid double taxation?
2 min read
If you are an NRI and are moving abroad leaving behind sources of income, you need to pay tax on such earnings in India. It... Read More
Section 234 A, B, C of the Income Tax Act deals with the different penalty provisions for non-payment of Income Tax. Tax should be paid... Read More
Forfeiture of Gratuity by Employer- What are the Remedies for an employee- Can employer be challenged? 
Employer can forfeit gratuity of an employee in case of moral turpitude 
Diving Deeper: The Impact of the New Tax Bill on Dairy and Farming Income 
Bombay High Court Upholds Section 271(1)(c) Penalty for Deliberate Non-Disclosure