Income Tax Articles
Your basic guide to interpret income tax notice
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
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?
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
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)
(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
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
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
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
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
Mandatory quoting of PAN
The Government is committed to curbing the circulation of black money and widening of tax base. To collect information of certain types of transactions from third parties in a non-intrusive manner, the Income-tax Rules require quoting of Permanent Ac
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