How to Set off & Carry Forward Capital Losses
When you calculate your Capital Gains and where the sale receipts from a Capital Asset is less than ...
How to File Form ADT-1 (Auditor Appointment) with ROC
Form ADT-1 is required to be filed for auditors appointed under Section 139(1) of the Companies Act,...
Received Income Tax Notice for AY 2014-15 – need help?
While on one hand tax sops may be rolled out, still improving tax collections is a sure shot way f...
Basics of Income Tax for Beginners
Today we bring to you basics of Income Tax you’ll need to equip yourself with and this should help...
Can you save tax by transferring money to wife’s account?
Do you transfer money to your spouse’s account so he/she can meet personal expenses, does that mon...
Deduction u/s 80GG
In computing total income, an assessee is allowed a deduction in respect of expenditure towards paym...
CBDT noticed 5,09,898 taxpayers have not filed ITR for AY 2014-15
CBDT has noticed that 5,09,898 taxpayers who have submitted an e-return for AY 2011-12 or 2012-13 or...
Capital Gains on Debt Funds & Equity Funds
Gains on sale of Debt Funds and Equity Funds are treated differently, let’s see how. Equity Funds ...
Latest on what a Short Term or Long Term Capital Asset is
Generally speaking, when you hold a Capital Asset for 36 months or less – it is a Short Term Capit...
Credit of Taxes (Vat and Excise Duty) paid on Capital Goods used in execution of works contracts
– The primary capital goods as a works contractor could be machines like Batching Plant, Excav...