Income Tax

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

NRI liable to pay Income Tax on the income earned in India 2 min read

• Income Tax

NRI liable to pay Income Tax on the income earned in India

9 years ago

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

Implications of mentioning wrong section in TDS challan 2 min read

• Income Tax

Implications of mentioning wrong section in TDS challan

9 years ago

The ITAT, Jaipur in the case of Income Tax Officer, TDS, Alwar vs. LIC of India , 2015 (10) TMI 2439 , has held that... Read More

Submit the Creditors’ Details with PAN to Avoid Penalties 2 min read

• Income Tax

Submit the Creditors’ Details with PAN to Avoid Penalties

Aditijh 9 years ago

The reason why conventional methods of filing a tax include consulting an auditor to calculate your income, the tax that comes with it and the... Read More

Draft Assessment – Bombay High Court Judgment 2 min read

• Income Tax

Draft Assessment – Bombay High Court Judgment

9 years ago

The draft assessment request on 30th March, 2015 was even with the choice for  the Supreme Court in GKN Driveshafts (India) Ltd v/s Income Tax Officer and Others reported... Read More

Appeals should not be filed by the Revenue on settled issues

• Income Tax

Appeals should not be filed by the Revenue on settled issues

9 years ago

Insurance Scenario in India 2 min read

• Income Tax

Insurance Scenario in India

Manager 9 years ago

With over a billion people, India is fast becoming a global economic power. With a relatively youthful population, India will become an attractive insurance market... Read More

Taxability of income from shares 3 min read

• Income Tax

Taxability of income from shares

Manager 9 years ago

Many people have an idea that the income received from shares is exempt from income tax. But in reality it is not so. One should... Read More

The new Companies Bill aims to put a check upon the “Vanishing Companies” 2 min read

• Income Tax

The new Companies Bill aims to put a check upon the “Vanishing Companies”

Manager 9 years ago

The new Companies Bill seeks to promote class-action suits for corporate frauds. The bill has been passed by the Lok Sabha  in the year 2012. The... Read More

Penalty for concealment 3 min read

• Income Tax

Penalty for concealment

Manager 9 years ago

There are different kinds of penalty imposed upon an assessee under the Indian Income Tax Act for defaulters under the different provisions of the Act.... Read More