Revised due dates for submitting Form 27EQ and other changes
Form 27EQ must be submitted for tax collected at source (TCS) under section 206 of the Income Tax A...
INCOME FROM TRANSFER OF UNLISTED SHARES WOULD BE CONSIDERED CAPITAL GAIN
Income from Transfer of Unlisted Shares would be considered Capital Gain CBDT vide its Instruction N...
24Q OF LAST QUARTER-TDS ON SALARY-ANNEXURE II
24Q of Last quarter is very important as the employer calculates the total tax payable by the employ...
Proof – Tax Evasion Tax Avoidance and black money are common in India
One reader recently posted a comment on the blog asking- He has 1 Cr black money. How to convert it ...
31st March: Don’t miss last chance to e-file your tax return
Work or other commitments may have kept you away from filing your tax returns. If you haven’t file...
Stock Exchange transaction charges payment by members not for technical services requiring TDS u/s 194J -SC
In its latest judgment, the Supreme Court has held that the transaction charges paid to the Bombay S...
Tax benefits on home loan interest in FY 2016-17
Yesterday we discussed home loan tax benefits available in financial year 2015-16(assessment year 20...
Indian National Congress Party (INC-I) not entitled to exemption u/s 13A being failed comply with three conditions of the section 13A
In a recent judgment, the Delhi High Court has held that Indian National Congress Party (INC) (I) no...
Assessing Officer to apply directly for PAN allotment in arrears demand cases without PAN
Income Tax Department has issued an instruction ( ITBA-PAN Instruction No.4) dated 1st March, 2016...
Additions u/s 69A upheld for maximum peak bank deposits instead of closing balances for the day
In a recent judgment, ITAT, Amritsar has ruled that CIT(A) was right in taking the the highest ...