Income Tax Articles

Advance Tax Payments: Due Dates and Interest on Late Payment

VISHAL BANSAL 13 December 2018 at 10:43

What is Advance Tax?Advance Income Tax means to pay your yearly income tax liability in installments. It reduces the excess burden of assessee�s at the en

Procedural Parts relating to TDS

Nitesh bind 13 December 2018 at 10:43

In the last part of this summary, we have learned about the basic meaning of TDS, some concepts which were very useful and commonly applied on all sections, and..

All about Sukanya Samriddhi Account

Nitesh bind 13 December 2018 at 10:43

The Central Govt. launched the 'Sukanya Samriddhi Account' programme in January 2015 with an objective to promote the welfare of girl child. It is a sma

Benami Transactions Act complete overview including amendments

Nitesh bind 12 December 2018 at 11:51

Recently, Govt. has introduced a law which has given a sudden jolt to the real estate sector. But the fact is, it is not only the real estate sector which would..

A quick complete summary on TDS

Nitesh bind 10 December 2018 at 13:43

In some manner, all of us must have somehow come across the Tax Deductions, be it on Salary, on Fees or any other kind of payments. But people are very less awa..

What is Net Loss? Is Tax Audit Compulsory in case of Loss ?

Soumya Laha 08 December 2018 at 13:22

What is Loss or Net Loss?Generally we know that if Expenses is more than Income, then there Loss occurs. It means,Expenses - Income = Loss (Expense > Income)

Section 80DD: Deduction for Disability of a Dependent Relatives

VISHAL BANSAL 06 December 2018 at 10:44

This deduction is available to all Residents Individual or HUF, for medical treatment of disable

Senior Citizen Savings Scheme (SCSS) 2024

VISHAL BANSAL 05 December 2018 at 17:36

Senior Citizen Savings Scheme (SCSS)�Wealthy people invest first and spend what�s left and broke people spend first and invest what�s left.&rd

Benami Transaction (Prohibition) Act, 1988

CA Deepak Bharti 05 December 2018 at 10:50

History of Benami Transactions Benami is a Persian term which essentially means something without a name. However, in the present context

Is your retirement plan Tax-efficient?

AKTAssociates 05 December 2018 at 10:50

Retirement Planning: Save your retirement kitty from taxes Naturally all of us want to retire comfortably & so we prepare retirement plan with best of our k