Deduction of Tax from Salary U/s 192
Any person responsible for paying any income chargeable under the head “Salaries” is req...
Income Tax Slab for FY 2014-15 AY 2015-16
If you are searching for the income tax slab or income tax rates for A.Y. 2014-15 or A.Y. 2015-16 th...
Recent Amendments in TDS-Large Consequences
These days TDS has become a nightmare both for the assessee as well as the tax professional with n...
Why do I have Tax Due?
You are filing up your Tax Return, you input all the information – Salary details from Form 16, In...
Interest on Housing Loan increase to Rs. 200000
The existing provisions contained in section 24 of the Act provide that income chargeable under ...
Exemption Under Section 54EC Limited to 50 Lacs
Capital Gains Exemption on investment in Specified Bonds Accordingly, It is proposed to insert a pro...
Tax Audit limit for a Financial Year
The Council of the Institute at its 331st meeting held in February, 2014 decided to increase the spe...
ANALYSIS OF SECTION 41(1) OF INCOME TAX ACT, 1961
The caption heading of section 41(1) is ‘Profits Chargeable to tax’. The section falls under Cha...
NRI Status and NRI Taxation
Are you a Resident or a Non Resident Indian? What constitutes taxable income in India for a Non Re...
Carry Forward and Set Off of Losses – Income Tax
To the common taxpayer, income tax is a crunch into the income earned. Accordingly, awareness of t...