Tax Audit limit for a Financial Year
The Council of the Institute at its 331st meeting held in February, 2014 decided to increase the spe...
Tax Free Income – Sections, Nature and Rules
CHARTS & TABLES UNDER INCOME-TAX ACT TAX-FREE INCOMES Section Nature of exemption Who are entitl...
When Employer Fails to Issue Form 16
What is Form 16? Is it Mandatory for the employer to issue you a Form 16? Form 16 is the TDS certifi...
ANALYSIS OF SECTION 41(1) OF INCOME TAX ACT, 1961
The caption heading of section 41(1) is ‘Profits Chargeable to tax’. The section falls under Cha...
New found Taxability of Builders / Developers
Article Series – New found Taxability of Builders / Developers – Well, works contract is a t...
NRI Tax Returns – Special Provisions
To understand whether someone (including an NRI) is required to file a Return of Income. Besides abo...
Simple Tax Tips for Beginners
As you start out on your job and lay your hands on your first salary – make Tax Saving one of your...
NRI Status and NRI Taxation
Are you a Resident or a Non Resident Indian? What constitutes taxable income in India for a Non Re...
TDS Provisions to Non-Salary Income – Section Wise
A very brief description of the various categories of payments (other than salaries) which are subje...
Tips to avoid defaults in TDS Statements
One can avoid defaults in the TDS statements, by way of adherence to the following basic principles:...