Income Tax Articles

Plenary & Coterminous Powers of CIT(Appeals)

Mayank Mohanka 15 March 2018 at 10:50

Analysis of the CBDT's Recent Instruction bearing F.No. DGIT(Vig.)/HQ/SI/Appeals/2017-18/9959, dated 8.3.2018 On Plenary, Coterminous & Co-extensive P

All about the Benami Law

CA BHAGYASHREE JAIN 13 March 2018 at 10:35

Various steps have been taken for removal of unaccounted assets by Government like The Black Money Foreign Income and Asset Act, 2015, Income Disclosure Scheme ..

Simple steps to file Income Tax Return (ITR) online

CS Karan B. Khattri 10 March 2018 at 12:50

09/03/2018 Karan Leave a commentLast date for filing Income tax return for financial year 2015-16 and 2016-17 is 31st March, 2018. Filing of selected Financial..

All about electoral bonds

CA Gyati Gupta 10 March 2018 at 12:50

What are Electoral Bonds ?Electoral bond was announced in the Union Budget 2017-18Electoral Bond is an effort made to cleanse the system of political funding in..

Carbon Credits and Its Taxability

CA Gyati Gupta 07 March 2018 at 11:04

What are Carbon Credits?Carbon Credits is an incentive given to an industrial undertaking for reduction of the emission of GHGs (Green House Gases), including ..

Advance tax - Precaution is better than Cure

CA Umesh Sharma 07 March 2018 at 11:03

Arjuna (Fictional Character): Krishna, Department is issuing Advance Tax notices to the taxpayers. So, explain the basic concept of the Advance tax.Krishna (Fic..

PSU Banks enter a degeneration spiral

Pravin Naik 06 March 2018 at 11:19

PSU Banks: the stocks to avoidOver the last few years, I have vociferously advocated investors to stay away from Public Sector Banks. The recent unearthing of s..

All about NFRA in 5 minutes

Prajjwal Kaushik 05 March 2018 at 16:32

The Union Cabinet last week approved the proposal to set-up the National Financial Reporting Authority (NFRA), intended to serve as an Independent Regulator for..

How to save more tax by Creating a HUF?

Ramalingam K 03 March 2018 at 12:23

Once, our venerable Finance Minister, Mr. M Chidambaram, has said, 'Left to God, even he will not like to pay Income Tax'. Though as a responsible c

Colourable device has a different meaning in Income Tax than Holi!

Mayank Mohanka 01 March 2018 at 11:06

The Festival of Holi is unthinkable without colours. The use of colours by way of different devices like pichkaris, balloons, pumps, and even buckets, constitut..