Income Tax Articles
Common mistakes in filling of Income Tax Return
The accurate and complete filling up of the relevant column or detail in the Income Tax Return (ITR) form is most crucial for correct calculation of income.
Taxation on Investors and Traders
Investor or Trader?According to Central Board of Direct Taxes(CBDT): Investor: anyone who invests with the intention of earning through dividends Trader: anyone who buys and sells with the intention of profiting from
Section 44AD of the Income tax Act after Budget 16
SPECIAL PROVISIONS FOR COMPUTATION OF PROFIT AND GAIN OF BUSINESS ON PRESUMPTIVE BASIS(After Budget 2016)This section is nothing but provides a relaxation to the tax payers to declare income on presumptive basi
General Question Regarding Income-tax
General Question Regarding Income-tax 1. What is Income Tax? It is a tax imposed by the Government of India on any body who earns income in India. This tax is l...
Wealth Tax Basic Provisions
Assessees Liable to Wealth Tax (Section 3)Wealth Tax is charged for every assessment year in the hands of individuals, HUFs and all companies (private as well a...
Section 43 B of income tax act,1961
Section 43 B (Allowance Of Deduction on Payment Basis)If the assessee follows mercantile system of accounting actual payment of expenditure during the P.Y is no...
Now everyone has to pay 1st installment of advance tax before 15th June!
From F.Y 2016-2017 the first installment of advance tax will have to be paid on or before 15th�June and later the remaining in aforesaid 3 installments.
Cyprus to follow Mauritius route
A delegation from Cyprus is likely to visit New Delhi later this year to discuss various clauses of the double taxation avoidance agreement (�DTAA�) between the two country.It is likely that Cyprus shall allow India to tax capital gains t
Krishna at the rescue of tax evaders in IDS-2016
Conversation between Krishna & ArjunArjun: Who can participate in IDS introduced under Finance Act, 2016 by the Indian Government? Krishna: Following is a list of people, Every Indian Resident who is guilty of his practices of ta
Tax Provisions on Income of Investment Funds and Income Received From such Fund
�Death, taxes and childbirth! There�s never any convenient time for any of them.At first instance, readers might think it weird to use these three words namely, death, taxes and childbirth fit into one grid system of words together. But t
Popular Articles
- Individual Income Tax Return Filing Due Dates for FY 2025-26 (AY 2026-27)
- Due Date Extended: Check Which Return Filing Gets More Time?
- New Column in ITR For AY 2026-27: "Receipts Not in Nature of Income" - What Is It?
- PNB FD Interest Rates 2026 for 444 days: Maximize Your Returns Without a Long Lock-In
- AIS Income Tax Transactions: What to Report and What to Skip in AY 2026-27?
- Pensioner ITR for AY 2026-27: Guide to Reporting Pension Income and Claiming Your Tax Refund
- ITR Processing Time 2026: Know How Long Will It Take and What Each Status Message Means
- Income Tax Update: How to Transfer TDS From Wife to Husband's ITR?
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