Income Tax Articles

Rectification and Issues Related to Rectification of Income Tax Return

vignesh 18 March 2016 at 10:46

Rectification and Issues Related to Rectification of Income Tax ReturnRectification has become easy since switchover to online but it has its own limitation. In this articleI will be covering almost every point related to rectification in terms of:&b

Sale of Immovable Property

ROHIT 16 March 2016 at 11:22

TAX Implications of Investing in Property Hello Everyone,The latest buzz these days is investing in the Property Market/ Real Estate. Bhai Paisa hai to Property me laga, is very common to hear even from someone who knows nothing about the churn of ev

Safe Harbour Rules

Varun Sharma 16 March 2016 at 11:22

Notification dated: 18.09.2013 Insertion of rule 10TA to 10TG to the Income Tax Rules, 1962 Section 92CB of the Income Tax Act, 1961 Rule: 10TB - Eligible Assessee

Ambit of Advance Tax

Abhijeet Deshpande 14 March 2016 at 11:31

What is Advance Tax?Advance Tax is where an assessee pays the government taxes on your income right throughout the year, i.e., payment of taxes within the Financial Year. It can be called as �Pay-as-you-Earn� scheme. Who shall pay Advance

Changes in the Finance Bill 2016

Himanshu Goel 10 March 2016 at 16:51

Rate of income tax in respect of income liable to tax for the assessment Year 2017-18The slab rate and rates of taxes are not changed for the Assessment year 2017-18. These are same as for the AY 2016-17, Which are as

Comparison of Union Budget 2016-17 vs. Budget 2015-16

Anand Satyapanthi 08 March 2016 at 11:08

India�s Union Budget 2016-17 was presented by Finance Minister Arun Jaitley when we are evidencing the global economy in a serious crisis. Over the last two years, global growth has contracted

Fair, Lovely & Ugly From Jaitley's potli

CA Umesh Sharma 08 March 2016 at 11:07

Arjuna (Fictional Character): Krishna, Government has announced Budget on 29th February 2016 for the Year 2016-17. On this Various persons expressed their views. As every coin has two sides, likewise

Income declaration scheme 2016 - Salient Features

shivaji prasad bhimavarapu 05 March 2016 at 11:38

The finance minister has brought in one more opportunity to bring black money into books of accounts by announcing the "INCOME DECLARATION SCHEME 2016" in the Finance Bil

Term Insurance or Traditional Insurance

ROHIT 05 March 2016 at 11:37

Hello Everyone, As we have entered in the last month of our Financial Year, a handful of my friends would have their tax saving investments on place but the majority of my friends be it salaried or self-employed is gonna start head hunting for Tax Sa

Minimum Alternate Tax-In Most Simple manner

pawan tewari 05 March 2016 at 11:37

The concept of MAT was introduced under income tax act to tax companies having profit as per books and declaring dividends but have no significant taxable income because of exemptions, deductions, incentives and tax holidays available to them. The in