Income Tax Articles

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..

Ways of collection of financial data by IT dept

CA Mayur Todmal 01 March 2018 at 11:05

To curb tax evasion/ suppression of income, the CBDT has taken steps to collect data about taxpayer�s

Last chance to file Income Tax Return for year 2015-16 and 2016-17

CA Umesh Sharma 28 February 2018 at 11:07

Arjuna (Fictional Character): Krishna, the last month of the financial year 2017-18 is about to begin and so is the worries of all the taxpayers, what must a ta..

Guide to obtain stay on Outstanding Income Tax Demand

CA.Sangam Aggarwal 28 February 2018 at 11:07

Every Tax practitioner has to face in case of stay of income tax demands in each case where he is not able to meet the AO's expectations (pun intended)!!On