Mauritius route A Long Lasting Story Mauritius -officially the Republic of Mauritius is an island nation in the Indian Ocean about 2,000 kilometers (1,200 mi) off the southeast coast of the African continent.Since independence in 1968, Maurit
Well, the scenario I am going to elucidate is not something new or unheard off, however, there are few cautions which are often ignored thereby resulting into complications being faced by Salaried Assessees. Quite some number of times it so happens w
INVEST IN YOUR OWN BUSINESS AND SAVE TAX ON CAPITAL GAIN!!!Capital Gain Exemption under newly introduced section 54GB of the Income Tax ActTill 2012, one of the way to claim exemption from the chargeability of Long Term Capital Gain on transfer of a
Tax Deduction at Source (TDS) gained so much of importance in the recent years comparing to the earlier years because of insertion of Form 26AS (Online Tax Credit Statement for Assessees). Same got more importance in the recent period with insertion
Background:TDS on transfer of immovable property has been inserted with effective from 01-June-2013 in Finance Act 2013 by inserting a new section called 194IA.Applicability: Applicable to all the transfers of the Immovable properties expect the tran
FAILED TO FILE INCOME TAX RETURN IN TIME?????BE PREPARED TO GET ARRESTED!!!If you have not filed your return at all or by the end of the assessment year, be prepared to get handcuffed because the Income Tax Department can slap you a notice of prosecu
Where the assesse, a retired partner of a firm, wrote off an amount owned by the firm to it several years after the dissolution of the firm, It was held that the amount so written off was not de
Many options, Many advice, and a deadline approaching fast, many taxpayer have to make investment. Are you confused? Before you invest in a tax saving instrument just go through the cover story to choose which option is best for yo
Salary earners there is now "Dent" in claiming Allowance of "House Rent" Arjuna(Fictional Character): Krishna, all the salaried people might be busy in providing information to their employers for computing income tax, deductions and exemptions from
TDS PROVISIONS & COMPLIANCES [A] Mandatory Filing of TDS StatementsEvery person responsible for deduction of tax under Chapter XVII-B shall, in accordance with the provisions of Section 200(3), submit the following Quarterly Statements to the Dir
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