Income Tax

TDS deducted by an employer cannot be recovered from an employee if it is not deposited duly 3 min read

• Income Tax

TDS deducted by an employer cannot be recovered from an employee if it is not deposited duly

Manager 9 years ago

Where a company has deducted Tax at Source (TDS) from the salary of an employee, but did not deposit the same to the Government treasury,... Read More

Secure your child’s future with MetLife Insurance

• Income Tax

Secure your child’s future with MetLife Insurance

Manager 9 years ago

Facts under which the Penalty may be void under Income Tax Act section 274 2 min read

• Income Tax

Facts under which the Penalty may be void under Income Tax Act section 274

Aditijh 9 years ago

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

compounding of offences under the Income Tax Act approved by SIT

• Income Tax

compounding of offences under the Income Tax Act approved by SIT

9 years ago

Section 54F does not require completion of the residential house within three years 4 min read

• Income Tax

Section 54F does not require completion of the residential house within three years

9 years ago

The Hon’ble High Court at Karnataka on 13.7.15 has held that the provisions of section 54F are beneficial in nature and should be interpreted liberally.... Read More

Can income assessed by the Assessing officer be less than the income filed in the return? 3 min read

• Income Tax

Can income assessed by the Assessing officer be less than the income filed in the return?

Aditijh 9 years ago

It has been held by the Allahabad High Court in the case of Commissioner of Income Tax – II vs. Har Dayal Singh, Kanpur, 2015... Read More

Defective returns due to unpaid self-assessment tax for AY 2013-2014

• Income Tax

Defective returns due to unpaid self-assessment tax for AY 2013-2014

9 years ago

How to Tackle an Income Tax Raid? 2 min read

• Income Tax

How to Tackle an Income Tax Raid?

9 years ago

An Income Tax Raid is carried out by the Income Tax Department on the basis of information obtained through investigation by the department and after... Read More

F&O transactions are non-speculative business transactions 2 min read

• Income Tax

F&O transactions are non-speculative business transactions

9 years ago

Taxpayers in India whether their source of income is business or job, prefer to involve themselves in share trading as it is an easy way... Read More

Remedies available to assessees if employer fails to deposit the deducted TDS 3 min read

• Income Tax

Remedies available to assessees if employer fails to deposit the deducted TDS

9 years ago

The Revenue department has warned the tax deductors who are defaulters in depositing TDS to prosecute them for such failure. It is often found that... Read More