Section 271 (1)(c) is a penalty notice under section 274 in which the irrelevant portion is not stroke out and which does not also specify... Read More
Income Tax
- Your guide to understanding and filing income tax returns.
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- 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.
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One can earn a lot from the profit earned by selling a house. But if somebody sells a house before three years, such a sale... Read More
How to rectify a defective return?
2 min read
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
Having tax problems? Ask ombudsman for help
2 min read
Are you struggling to get your refund from the Income Tax department? Are you been harassed many times for an income tax scrutiny for the past... Read More
TDS for Property Sale that is applicable from 1st June 2013 and is deducted at source on sale of immovable property including land and building... Read More
Recently a CAG report said the failure on behalf of the chartered accountants hired by the income tax department to furnish authentic tax information has... Read More
If a person is the owner of more than one residential property, only one of the properties which he chooses will be treated as a... Read More
Loan Repayments How to Lessen Burden Of Education Loan
So far taking loan or paying back is concerned; the topic is a very inexhaustible one. Let us talk about the ‘Educational Loan” as this... Read More
It is not that always the assessee who is wrong. At times, the behavior and the attitude of the Assessing Officers and other staff of... 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