Income Tax Articles

Less time more load, still done with ITR upload

Posted by R B Sharma 01 September 2015 12589 Views

Arjuna (Fictional Character): Krishna, recently everyone has celebrated the festival of Raksha Bandhan along with that many Taxpayers have filed Income Tax Returns. Krishna please explain, what difficulties arise while filling Income Tax Returns, wha

Ready reference of case laws relevant for November 2015

Posted by CA Shishir Agrawal 28 June 2016 16300 Views

CA FINAL DIRECT TAX (Income Tax) Ready reference of case laws relevant for November 2015About Notes: The case laws are summarized from supplementary study material issued by The Institute of Chartered Accountants Of India for the Final Examination to

How to claim refund on tax paid

Posted by Anand Satyapanthi 01 September 2015 13626 Views

One of the most important reasons for filing tax return is to claim excess of tax paid to the government. Corporations and various institutions deduct tax at the time of paying wages or contract fees. However, not all the times the tax is owed to the

Insurance Planning and Tax Saving goes Hand-in-Hand

Posted by Anand Satyapanthi 24 August 2015 6470 Views

Planning ahead is not only crucial but also fetches tax benefits. Buying life insurance for example fetches tax deductions on premium paid and the maturity amount received is tax exempt under section 10 (10D). Not only this, the assesee also gets ded

Case Study: Is tax paid by employer on behalf of employee - exempt u/s. 10(10CC)?

Posted by CA Sukriti Jain 20 August 2015 23630 Views

A detailed analysis of Exemption under Section 10(10CC) alongwith the provisions of Section 17(2), 40(a)(v), 192(1A), 195A, 198, 199, 200 and 203 of the Income Tax Act, 1961. Highlighting the ruling under Sedco Forex International Drilling Inc. (2012

How to Fill Income tax return form - Tax consultant in India

Posted by Neeraj Sharma 19 August 2015 12266 Views

File your tax returns before August 31It�s time to pay more attention as the income tax department seeks more disclosures to catch tax evaders.THIS is the time of the year when people run around for filing their income tax return. This year the

Kabaddi between taxpayer and income tax! Enjoy it!

Posted by CA Umesh Sharma 17 August 2015 7279 Views

Karneeti Part 111 Kabaddi between taxpayer and income tax! Enjoy it! Arjuna (Fictional Character): Krishna, Nowadays interesting matches of Pro-Kabaddi are going on. This is the second year of Pro-Kabaddi Match Series. The game of kabaddi is gaining

Black Money (Undisclosed Foreign Income And Assets) and Imposition Of Tax Act, 2015

Posted by CA. Atul Khurana 17 August 2015 10388 Views

In India, Black money refers to funds earned on the black market, on which income and other taxes have not been paid. But Indian Govt. took a very great step against the black money and a step to assess this income whether the income is located in In

Independence to small taxpayer if his profit is above 8%

Posted by CA Umesh Sharma 14 August 2015 16246 Views

Karneeti Part 110Independence in 8th Month, but for Small taxpayer if, its profit above 8%.Arjuna (Fictional Character): Krishna, Independence Day of our country is coming closer on 15th August. All citizen lives happily because of independence. Simi

How to compute HRA exemption

Posted by ESHA AGRAWAL 14 August 2015 25666 Views

What is House Rent Allowance? Employees generally receive a house rent allowance (HRA) from their employers. This is a part of the salary package, in accordance with the terms and conditions of employment. HRA is given to meet the cost of a rented h