Income Tax Articles

Magic of Mauritius route and double taxation

Posted by Gagan Deep Singh 29 February 2016 8480 Views

IntroductionWhen an Indian hear the word "Mauritius" first thing come in mind is beautiful seashore, natural beauty , rivers and Honeymoon package but Mauritius is also famous for Tax haven. Placed 180th in the list of largest countries

New Guidelines for TDS and Income Tax Challan Correction

Posted by CA Vap Patel 29 February 2016 16164 Views

A much awaited changes in challan correction mechanism finally arrived to its destination. Now bank can themselves correct the Income Tax and TDS challans without any restriction. No need to visit even to income tax officeChallan Correction Mechanism

Tax basics for Freelancers and Startups

Posted by Anand Satyapanthi 29 February 2016 6057 Views

Freelancers and Startups are the people who decide to take charge of their life and turn their passion into profession. So, they don�t have any authority or readily organised structure of company to be a part of. The freelancers and startups ma

EPCG - Introduction and Procedure

Posted by Kalpesh Veer 24 February 2016 19767 Views

Introduction:- EPCG scheme enables a Indian manufacturer all service provided to obtain capital goods at nil rate of customs duty against commitment of export obligation. The objective is to facilitate import of capital goods producing quality goods

Your basic guide to interpret income tax notice

Posted by Anand Satyapanthi 22 February 2016 8327 Views

People visualise a red light blinking when they hear the term Income Tax Notice. What they don�t know is that receiving an Income Tax Notice is not as big deal as they make out of it. One needs to understand the reason behind receiving it and t

Save for retirement with NPS & save taxes

Posted by Anand Satyapanthi 18 February 2016 13515 Views

What is NPS?Prior to the year of 2004, the Indian citizens received Pension on Defined benefit basis. This meant that the employees would receive certain amount from government as they retire. They didn�t have to contribute anything for it.Howe

What is Advance Tax and how to calculate and pay Advance Tax?

Posted by Anand Satyapanthi 15 February 2016 24123 Views

What is Advance Tax?Advance Tax is part payment of your tax liability before the end of the financial year. It is also called pay as you earn scheme where the income tax should be paid in the year in which the income is received.Who is required to pa

The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Posted by chirag gupta 15 February 2016 7693 Views

This act deals with the problem of black money i.e. undisclosed foreign income & assets, procedure for dealing with such income and assets and to provide for imposition of tax on any undisclosed foreign income and asset held outside India and for

Complete Guide To Filing Appeals Before CIT(A)

Posted by CA Vap Patel 15 February 2016 18705 Views

(1) By 31st March, 2016, in addition to the numerous reopened assessments, Assessing Officers (AOs) shall finalise scrutiny assessments under section 143(3)/ 144 of the Income-tax Act, 1961 (the �Act�) for Assessment Year (AY) 2013-14, an

A Guide to Understand the Salary Structure

Posted by Anand Satyapanthi 12 February 2016 38227 Views

I bet you never knew the perks of understanding your Salary Structure better!For most people, salary is simply a paycheque they get at the end of each month. The salary structure mentioned in the slip that comes with it hardly attracts any attention