New options for saving capital gains tax
Until now , investors had only a few options to claim tax exemption on their capital gains. They cou...
Why interest rates have been cut and what you should do about it?
The Government has put the axe on interest rates earned from small savings schemes, such as PPF, NSC...
5-minute guide on choosing a tax-saving investment before 31 March
Before you begin reading this, you should first figure out how much money you need to invest to save...
Deduction claimed for a pay/wage revision is an ascertained liability not contingent
The deduction claimed for a pay/wage revision is an ascertained liability and cannot be termed as...
Holding Period of capital assets for conversion of bond, debentures etc. into shares of company-Rule 8AA
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES Notifica...
Reassessment proceedings cannot be resorted to only to examine the facts of a case
Reassessment proceedings cannot be resorted to only to examine the facts of a case, no matter how de...
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...
CBDT INSTRUCTION TO PASS ORDER UNDER SECTION 12AA WITHIN SIX MONTHS
CBDT Instruction to pass under section 12AA within Six Months CBDT vide its Instruction No. 16/2015 ...