Annual Information Returns (AIR)
What is Annual Information Return? To monitor transactions of high values, the income tax law has no...
Income Tax Return
Tax is a central element to the revenue generation system of the Indian government. Among the multit...
How to make OLTAS Challan Payment
Direct taxes made by taxpayers can only be collected by banks that employ the Online Tax Accounting ...
How to Save Tax with Kotak Mahindra Bank
How to save tax? This is a question on the mind of every Indian taxpayer, as taxes can burn a seriou...
Without change in facts, situation or law, Revenue can not take different stand. Rent taken as house property income not business
In case there is no change in the facts, situation or in law, the Revenue cannot be allowed to adop...
Verification of Genuineness of Agricultural Income shown in the Income Tax Return filed by the assesses for AY 2007-08 to 2015-16
Central Board of Direct Taxes F. No. DGIT(S)/DIT(S)-3/AST/PIL/2015-16 Dated: 10/03/2016 Verification...
Penalty 271(1)(c) interest on income-tax refund not added to income but disclosed in notes to accounts as contingent income
HIGH COURT AT CALCUTTA ITA 291 of 2009 CIT-II Ves. PILANI INVESTMENT & INDUSTRIES CORPORATION ...
Income Tax Incentives and Exemptions for Start-ups in Budget 2016-17
Tax incentives for start-ups With a view to providing an impetus to start-ups and facilitate their g...
Form 15G 15H for receiving Rent Payments without TDS deduction from 01-06-2016. Budget 2016-17 amendment to section 197A and 194I
Enabling of Filing of Form 15G/15H for rental payments The provision of sub-section 194-I of the Inc...
Time limit for filing belated income tax returns u/s 139(4) reduced by one assessment year-Budget-2016-17
In order to rationalise the time allowed for filing of returns, completion of proceedings, and reali...