How to Deal with demand notice for late TDS returns
Businesses especially small and medium scale has been badly hit by demand notices from Income Tax De...
Carry Forward and Set Off of Losses – Income Tax
To the common taxpayer, income tax is a crunch into the income earned. Accordingly, awareness of t...
Clubbing of Income Under Income Tax Act
‘Its all in the family’ It may seem ordinary to invest money for a non earning spouse by way of ...
ICAI expresses its concern on the proposed definition of “Accountant” in DTC, 2013 – (17-04-2014)
ICAI expresses its concern on the proposed definition of “Accountant” in DTC, 2013 – (17-0...
Press Note on Tax Credit
CBDT optimist on Standard Operating Procedure; Urges taxpayers to file rectification request for TDS...
WHAT TO DO IF EMPLOYER REFUSES TO ISSUE TDS CERTIFICATE / FORM 16
I worked in XYZ limited for the period from 01.4.12 to 31.03.2013. My Company deducted TDS of Rs. 1,...
Method of Calculation of Deduction Under Section 87A in Income Tax Act
Section 87A (Inserted by Finance Act 2013) Relevant for Assessment Year 2014-15 (Previous Year 2013-...
Are You required to file an IT Return?
We have bid goodbye to the Financial Year 2013-14 and now the tax filing season will begin for Asses...
SERVICE TAX EXEMPTION TO CHARITABLE ACTIVITIES
Services by an Entity Registered under section 12AA of the Income Tax Act, 1961 by way of Charitab...
Who is liable to File E-Return (Income Tax) for AY 2014-15
The process of electronically filing Income tax returns through the internet is known as e-Filing. E...