Income Tax Articles

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..

Forget 80C; New Budget Promises Higher Take Home Income

Guest 06 March 2019 at 11:34

Like every year, this time too, taxpayers were hoping for announcements that would reduce their tax burden. One notable speculation was that the government woul..

Taxation of Seconded Employees

CA Varsha Nanwani 06 March 2019 at 11:32

Secondment of employees, as a concept, has evolved in the era of global commercial mobility.Secondment is where an employee of one organization is working for o..

Angel Tax : Implication on Startup Ecosystem

Karan Sahi 04 March 2019 at 11:27

IntroductionAngel tax means the tax payable by unlisted companies during the raising of capital wherein the share price exceeds the fair market price of the sha..

How to respond to simple notice received from income tax department

CA Sandeep Bhatnagar 02 March 2019 at 11:26

Generally, when you file your return, a notice-cum-intimation is sent under Section 143(1) of the Income Tax Act, 1961. You may not respond to this notice, as i..