Income Tax Articles

Already retired? Then this is what you have to follow now!

Posted by CA ANKIT GUPTA 24 June 2016 7922 Views

If you are already retired, what you really need is a retirement solution. Let�s begin by discussing the uniqueness associated with building a portfolio for retirees.Firstly, the importance of capital preservation gets magnified manifold. The r

Deferred Tax Introduction

Posted by Shubham Gupta 24 June 2016 10735 Views

Deferred tax When we look out for the meaning for "Deferred�" it means to Postpone or delay. Similarly deferred tax is also liability to pay tax in future that we have postponed and have to reflect in our balance sheet.With coming of finan

Rectification and Issues Related to Rectification of Income Tax Return

Posted by vignesh 18 March 2016 33173 Views

Rectification and Issues Related to Rectification of Income Tax ReturnRectification has become easy since switchover to online but it has its own limitation. In this articleI will be covering almost every point related to rectification in terms of:&b

Sale of Immovable Property

Posted by ROHIT 16 March 2016 14552 Views

TAX Implications of Investing in Property Hello Everyone,The latest buzz these days is investing in the Property Market/ Real Estate. Bhai Paisa hai to Property me laga, is very common to hear even from someone who knows nothing about the churn of ev

Safe Harbour Rules

Posted by Varun Sharma 16 March 2016 8061 Views

Notification dated: 18.09.2013 Insertion of rule 10TA to 10TG to the Income Tax Rules, 1962 Section 92CB of the Income Tax Act, 1961 Rule: 10TB - Eligible Assessee

Ambit of Advance Tax

Posted by Abhijeet Deshpande 14 March 2016 15247 Views

What is Advance Tax?Advance Tax is where an assessee pays the government taxes on your income right throughout the year, i.e., payment of taxes within the Financial Year. It can be called as �Pay-as-you-Earn� scheme. Who shall pay Advance

Changes in the Finance Bill 2016

Posted by Himanshu Goel 10 March 2016 36801 Views

Rate of income tax in respect of income liable to tax for the assessment Year 2017-18The slab rate and rates of taxes are not changed for the Assessment year 2017-18. These are same as for the AY 2016-17, Which are as

Comparison of Union Budget 2016-17 vs. Budget 2015-16

Posted by Anand Satyapanthi 08 March 2016 18314 Views

India�s Union Budget 2016-17 was presented by Finance Minister Arun Jaitley when we are evidencing the global economy in a serious crisis. Over the last two years, global growth has contracted

Fair, Lovely & Ugly From Jaitley's potli

Posted by CA Umesh Sharma 08 March 2016 9626 Views

Arjuna (Fictional Character): Krishna, Government has announced Budget on 29th February 2016 for the Year 2016-17. On this Various persons expressed their views. As every coin has two sides, likewise

Term Insurance or Traditional Insurance

Posted by ROHIT 05 March 2016 6531 Views

Hello Everyone, As we have entered in the last month of our Financial Year, a handful of my friends would have their tax saving investments on place but the majority of my friends be it salaried or self-employed is gonna start head hunting for Tax Sa