Belated returns u/s 139(4) can now be revised u/s 139(5)-Budget-2016-17 amendments.
In order to rationalise the time allowed for filing of returns, completion of proceedings, and reali...
CHANGES MADE IN DIRECT TAX LAW BY UNION BUDGET 2016-17
Changes made in Direct Tax Law by Union Budget 2016-17 A. Tax Rates and TDS No change in basic exemp...
Outstanding disputed demand stay to be granted by assessing officer on payment of 15 percent till disposal of first appeal if pending before CIT(A)
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RE...
Advance received adjusted against sales made could not be added under section 68 treating the same as unexplained
THE INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘SMC’ BENCH, KOLKATA I.T.A. No. 2284/KOL/ 2014 Assess...
Should TDS be deducted on service tax?
A common query regarding the deduction of TDS that we get is whether TDS is to be deducted on servic...
Dummies guide to TDS for startups – You won’t need a CA
To outsiders, the world of startups seems like a discotheque with an open bar. But as anyone who has...
Last date to file Income Tax return for FY 14 is 31 March 2016
The current financial year (FY) is going to end on 31 March 2016. For tax-related purposes, this dat...
5 changes to make Budget 2016 taxpayer’s delight!
Our Finance Minister has a tough job keeping government’s tax revenue and borrowing in check, and ...
Tax Filing for Freelancers – Simplified
Salaried individuals have it relatively easy when it comes to filing their income tax returns. They ...
Pros and Cons of Tax-saving Fixed Deposits
Tax-saving fixed deposits (FD) are one of the easiest ways to save taxes under Section 80C. Investin...