The difference between AY and FY
AY is assessment year and FY is financial year. Everyone knows this. But when most taxpayers have to...
Income Tax Slab Rate for FY 2016 -17 / AY 2017-18
The income tax slab of 2016 -17 is same as earlier. However, the middle class will get the tax ben...
Itemized sale of plant and machinery of a unit was not sale as a going concern unit, hence, sale was not slump sale u/s 2(42C)
Itemized sale of the plant and machinery of chemical unit vide agreement was not the sale of the u...
80G deduction – Making you feel better about doing good
“Charity begins at home, but should not end there.”- Thomas Fuller Thomas Fuller, a reno...
Issuance of notice under Rule 19 of the ITAT Rules, 1961, itself does not make the appeal admissible
Issuance of notice under Rule 19 of the ITAT Rules, 1961, itself does not make the appeal admissible...
How to Save Tax with Dhanlaxmi Bank
The Income Tax Department provides a number of tax saving measures to individuals, each categorised ...
How to Save Tax with Corporation Bank
The Income Tax Department has made it possible for tax paying residents of India to save up on taxes...
How to Save Tax with Axis Bank
Individuals can save money on tax by claiming deductions on investments, deposits and interest payme...
Save Tax with Tamilnad Mercantile Bank Limited
The Tamilnad Mercantile Bank, which began its operations in 1921, is one of the major scheduled comm...
How to Save Tax with Allahabad Bank
The Income Tax Act allows individuals to claim deductions during the filing of taxes. Allahabad Bank...