Income Tax Articles

Save for retirement with NPS & save taxes

Posted by Anand Satyapanthi 18 February 2016 13513 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 24122 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 7692 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 18701 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 38225 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

Submit your Disclosure to Claim Income Tax Deductions

Posted by Anand Satyapanthi 10 February 2016 10386 Views

Are you eligible to any Income Tax Deductions this year?You might be eligible to claim income tax deductions. All you have to do is to get it mentioned in your TDS statement. The Employer has the responsibility to deduct Income Tax from the salary of

Natsamrat's Love, Gift & Income Tax

Posted by CA Umesh Sharma 09 February 2016 10425 Views

Arjuna(Fictional character):Krishna, Valentine's Day (14thof February) is celebrated all over the world as the day of "Love."Krishna, "Love" has a variety of related but distinct meanings in different contexts in th

Know your tax saving limit - The complete guide

Posted by Manish Hingar 08 February 2016 24480 Views

WHAT ON EARTH IS TAXES?With layman's dialect tax is usually a compulsory contribution that all one who brings in an income as well as comes in the taxpaying area has got to pay on the authorities since authorities has got to launch a lot of res

What's up in Start Up

Posted by CA Umesh Sharma 27 January 2016 10991 Views

Arjuna (Fictional Character): Krishna, Government of India has come up with the scheme of �Startup India� on the occasion of Repulic Day. On the Republic day as we see parade on Rajpath, likewis

Measuring of aerial distance in income tax act

Posted by Mukesh Kuriyal 25 January 2016 44906 Views

DO YOU AGREE THAT CBDT HAS TAKEN RIGHT DECISION ON MEASUREMENT OF DISTANCE TO BE TAKEN AERIALLY AFTER ASSESSMENT YEAR 2014-15.Recently on Dated 06/Oct/2015 CBDT issued a circular regardingMeasurementofthe distance for the purpose of section 2(14)(iii