Received a reminder email to e-file tax return from IT Department – What to Do?
Dear Taxpayer, By this time last year, you may have had already electronically filed your Income Tax...
Clubbing Income and Income Tax – Practical Cases
Clubbing of Income meaning including income of another person in your income. An obvious question is...
Section 44AD of Income Tax Act
Section 44AD – The Income Tax Act, 1961. Find Complete for Section 44AD. In this article you ca...
Cost Inflation Index notified for FY 2015-16
What is Cost Inflation Index (CII)? It is a measure of inflation that finds application in tax law, ...
EVC Based ITR Filings
Things are a bit easier now for the taxpayers with end-to-end e-enabled services in place, using whi...
How to claim Tax Credit on Foreign Income of a Resident
Have you worked abroad during the financial year and earned some income? Some tax may have been dedu...
No tax on PF withdrawal after 5 years of continuous service
A person worked in a Indian-based organization for four years. Now he is going abroad for work. Sinc...
CBDT NOTIFIED ITR-3, ITR-4, ITR-5, ITR-6 & ITR-7 AY 2015-16
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVER...
Benefits of Filing your Income Tax Return on time
Under Income Tax Act if your total income exceeds the basic exemption limit: You have to file the In...
Best Practice to deal with an Income Tax notice
Any communication from the Income Tax department, especially receiving a notice from them, can send ...