Charges collected for late filing of TDS return is a fees and not a tax
The fee sought to be levied under section 234E for late filing of TDS return is not a tax that is so...
Gifts of Love may attract Tax
Let me tell you we are all for love; but remember never mix Love and Taxes! The Income Tax (like a f...
Budget 2015- Wish list of Salaried People
Budget 2015 will be second budget of new government. Last year few expectations of salaried people w...
CBDT clarifies on scope of disallowance
The Central Board of Direct Taxes (CBDT) has clarified on the scope of disallowance on payments made...
Five things to expect on tax front from Budget 2015
With its massive drubbing in the Delhi Assembly Elections, the BJP government is likely to attempt t...
Budget 2015: Income of salaried individuals may increase
It’s that time of the year again when the salaried workforce of India is rushing to submit its...
Corporate Tax Should Have Slabs Like Income Tax
Finance Minister Arun Jaitley would do well to introduce slabs in corporate tax, similar to personal...
Section 80TTA Deduction- Interest on Bank savings deposit
Section 80TTA is introduced with effect from April 01, 2013 and will apply from AY 2013-14 and...
Recognition of revenue by developer only on registration of sale deeds wasn't a valid method under sec. 145
Section 145 makes it mandatory on the part of the assessee to follow either cash or mercantile syste...
Life Insurance policies and Income Tax
There are several tax implications when you buy a life insurance policy, let’s have a look. Deduct...