10 Money transactions mandatory to report – New Income Tax Rule
Do you know about new income tax rule applicable from April, 2016? As per recent notification by Cen...
TAXATION OF SUBSIDY UNDER INCOME TAX LAW
General Definition of Subsidy A subsidy is a form of financial aid or support extended to an econ...
Exemption of Tax from Framework Agreement
2015-VIL-554-KAR NANDI INFRASTRUCTURE CORRIDOR ENTERPRISE LIMITED Vs THE STATE OF KARNATAKA Karnata...
Seven ways to earn tax-free income
Use these strategies to make the most of opportunities offered by tax laws and reduce your tax liabi...
ELECTRONIC FILING OF APPEAL BEFORE CIT APPEALS IS MANDATORY
CBDT vide its press release dated 30-12-2015 mentioned that Electronic Filing of Appeal before CIT ...
CBDT issued clarifications on several issues in order to facilitate the conduct of scrutiny
Update: CBDT has issued Instruction No. 20/2015 dated 29.12.2015 in which it has issued clarificatio...
Top Five Reasons You Can Get an Income Tax Notice
Receiving an income tax notice can be scary for most people. From not filing returns to hiding inter...
Revised rules related to Submission of Form 15CA and Form 15CB
The income tax department has revised the rules relating to preparation & submission of Form 15C...
PAN IS MANDATORY FOR TRANSACTIONS EXCEEDING RS.2 LAKH
Rules regarding quoting of PAN for specified transactions amended. The Income-tax Rules require...
Income Tax Department initiates measures to reduce litigation
In order to speed up pending litigation of income tax related cases, the department has made a few c...