Income Tax Articles

Heart categorised as Plant for deduction of expense of Surgery!

Siddharth Sharma 19 March 2019 at 15:37

Income Tax cases are often sordid matters involving deceit, dishonesty and general untasteful behavior. Once in a blue moon though, one may stumble upon a heart..

Steps to file Revised Income Tax return online

Guest 19 March 2019 at 11:46

File Revised Return When a taxpayer discovers any omission or any wrong statement in the original Income Tax Return (ITR) submitted, the same can be corrected b..

TDS credit to be given in case of default in payment by the deductor

Shriya Vaidya 19 March 2019 at 11:24

Landmark JudgementAre we aware that the Income Tax Department cannot deny credit of TDS to the recipient of TDS even though there is a default in payment by the..

Taxability of Income of Unit Holders of Business Trust

Tarun Kumar Madaan 18 March 2019 at 11:07

The Concept of Business Trust was introduced in India vide the Finance Act�2014 by the Finance Minister Shri Arun Jaitley. The business trusts operate as

Understanding Tax Implications of Income from House / Property

Priya Kashyap 18 March 2019 at 11:07

If you own a property which is a building, plot or land attached to such building, then any rental income from such property will be chargeable to tax under the..

All you need to know about TAN

CA Arun Tiwari 15 March 2019 at 12:06

What is TAN Number?TAN number is a specific number allotted for Deduction/ Collection of TDS and payment of same into Govt A/c by a person, who is making paymen..

Various Assessment u/s 143

Arshita Gupta 14 March 2019 at 11:50

Sec 143(1): Summary Assessment: It provides for the computation of the total income of an assessee after making the following adjustments: Any arithmetical err..

Why Saving Money is Super Simple

Guest 12 March 2019 at 17:46

Saving money is often thought of as a complex and tedious activity. Every time your parents bring it up, you just want to run away from the room, isn't it

7 Ways to Get a Bigger Tax Rebate in US

Priya Kashyap 08 March 2019 at 10:55

When filing tax, you can use standard deductions to get some money into your pocket. However, if you take a closer look, you will see that you can take advanta..

Paperless Invoices - The new age way for exchanging data electronically

Arpit Tandon 06 March 2019 at 16:56

With the advance of technology things are moving from paper to paperless. Earlier cheques were being issued for payment, now payment is done through net banking..