Income Tax Articles

TDS Amendments

Posted by Member (Account Deleted) 06 June 2015 44091 Views

IN FINANCE BILL 2015 SOME MAJOR AMENDMENTS REGARDING TDS HAVE BEEN MADE AS UNDER:Under the existing provisions contained in the proviso to clause (i) of sub-section (3) of the section 194A, income credited or paid in respect of time deposits with a b

How to save income tax on salary

Posted by CA ANKIT GUPTA 05 June 2015 41629 Views

The objective of this blog is to empower the employees with knowledge by providing Minimum Income Tax knowledge that would enable him to save Maximum Income Tax by restructuring their respective Salary or Cost to Comp

Simplified income tax return forms

Posted by Sensys Technologies 05 June 2015 17954 Views

A New Form ITR 2A is proposed which can be Filed by an Individual or HUF who does not have Capital Gains, Income from Business/Profession or Foreign Asset/Foreign Income. In Form ITR 2 and the New Form ITR 2A, the Main Form will not Contain more than

Income from salary

Posted by AAYUSHI BANSAL 01 June 2015 175354 Views

INCOME FROM SALARIESAny remuneration paid by an employer to his employee in consideration of his service is called Salary.It includes monetary value of those benefits and facilities provided by the employer which are taxable.Section 15, 16 and 17

TDS on withdrawal of EPF

Posted by Sandeep Jadhav 01 June 2015 22322 Views

TDS on withdrwal of EPF (Employee Provident Fund)U/s-192A with effect form 01st June 2015.The Finance Act 2015 has Inserted a new section 192A regarding the TDS on payment of accumulated provident fund balance due to an employee, The provision shall

The concept and tax effect of switching in mutual funds

Posted by Sahil Jolly 28 May 2015 7965 Views

Hi, almost all of us are aware of investing in Mutual Funds and their respective Tax effects.However, some areas still remain Grey for some and one such area is Switching in Mutual Funds.What is

TDS on Rent u/s 194I

Posted by CMA Poornima Madhava 27 May 2015 106320 Views

What is tax deduction at source?Persons responsible for making payment of income (rent), are responsible to deduct tax at source and deposit the same to the Government Treasury within the time stipulated.The recipient of the income (though s/he gets

Harsh Penalty for Property Transaction in Cash of Rs. 20,000 or more w.e.f. 1st June, 2015

Posted by CA Umesh Sharma 25 May 2015 43911 Views

Karneeti Part 90Harsh Penalty for Property Transaction in Cash of Rs. 20,000 or more w.e.f. 1st June, 2015 Arjuna (Fictional Character): Krishna, It is said that black money is used in the transactions of immovable properties. To restrict the use of

International taxation

Posted by CA. Atul Khurana 22 May 2015 20812 Views

International Tax is best regarded as the body of legal provisions of different countries that covers the tax aspects of cross - border transactions. It is concerned with Direc

Opening an account under Capital Gain Scheme 1988

Posted by Sahil Jolly 21 May 2015 8279 Views

Opening an account under Capital Gain Scheme 1988 You�ve had a Long Term Capital Gain under the respective Section(s) of the Income Tax Act. Now, you must be wondering as to how you will save yourself from the Tax liability arising as a result