Income Tax

How to rectify a defective return? 2 min read

• Income Tax

How to rectify a defective return?

9 years ago

An Assessing Officer can call upon the assessee to rectify a defective return filed by him.  This is provided in section 139(9) of the Income... Read More

Income Tax Scrutiny Aspects In India 3 min read

• Income Tax

Income Tax Scrutiny Aspects In India

Aditijh 9 years ago

In general, income tax department cannot assess all the income tax returns filed in one financial year. Hence, normally random scrutiny for assessing the assessee... Read More

Can one claim deduction or exemption if missed in form 16? 2 min read

• Income Tax

Can one claim deduction or exemption if missed in form 16?

9 years ago

When salaried people file their final proofs relating to tax, if an employee fails to file any detail, the deduction claimed by him is not... Read More

Rules tightened for non-filers of Income Tax Return 2 min read

• Income Tax

Rules tightened for non-filers of Income Tax Return

9 years ago

  The Central Board of Direct Taxes (CBDT) tightens the rules dealing with monitoring of “non-filers” of Income Tax Returns and aims to follow uniform... Read More

Civil Procedure Code also applies to appeals under section 260A.

• Income Tax

Civil Procedure Code also applies to appeals under section 260A.

9 years ago

Taxability of Agricultural Income 3 min read

• Income Tax

Taxability of Agricultural Income

9 years ago

Agricultural Income – defined: According to the provisions of the Income Tax Act, any income earned from any of the three following three sources are... Read More

All about best assessment judgment 4 min read

• Income Tax

All about best assessment judgment

9 years ago

Assessment refers to judgment or evaluation. According to the law relating to income tax, assessment means evaluation or measurement of income. The term ‘assessment’ includes... Read More

No TDS on Service Tax; Reset Password using Physical Documents and CBDT wants Citizen Charter to be honored

• Income Tax

No TDS on Service Tax; Reset Password using Physical Documents and CBDT wants Citizen Charter to be honored

9 years ago

Glimpses of the Black Money Bill 3 min read

• Income Tax

Glimpses of the Black Money Bill

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

Deductor now entitled to interest on excess TDS in case of refund 3 min read

• Income Tax

Deductor now entitled to interest on excess TDS in case of refund

9 years ago

The Apex court in the case of Union Of India vs. Tata Chemicals Ltd. recently held that excess TDS is to be refunded by the... Read More