Deductions under 80G – IT Act 1961
The need of charity in a resource crunched country like India cannot be undermined. Therefore, in or...
Taxation of RSUs and how to report them in your income tax return
Several corporates award their top performers with RSUs. RSUs or Restricted Stock Units, as the name...
Received a reminder email to e-file tax return from IT Department – What to Do?
Dear Taxpayer, By this time last year, you may have had already electronically filed your Income Tax...
Clubbing Income and Income Tax – Practical Cases
Clubbing of Income meaning including income of another person in your income. An obvious question is...
Section 44AD of Income Tax Act
Section 44AD – The Income Tax Act, 1961. Find Complete for Section 44AD. In this article you ca...
Cost Inflation Index notified for FY 2015-16
What is Cost Inflation Index (CII)? It is a measure of inflation that finds application in tax law, ...
How to claim Tax Credit on Foreign Income of a Resident
Have you worked abroad during the financial year and earned some income? Some tax may have been dedu...
How to file (E-Verify) Income Tax Return through EVC
This year CBDT introduce E-Verification system through EVC (Electronic Verification Code). From this...
No tax on PF withdrawal after 5 years of continuous service
A person worked in a Indian-based organization for four years. Now he is going abroad for work. Sinc...
CBDT NOTIFIED ITR-3, ITR-4, ITR-5, ITR-6 & ITR-7 AY 2015-16
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVER...