Income Tax Articles

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

Posted by Mayank Mohanka 01 March 2018 23357 Views

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

Posted by CA Mayur Todmal 01 March 2018 12376 Views

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

Posted by CA Umesh Sharma 28 February 2018 10481 Views

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

Posted by CA.Sangam Aggarwal 28 February 2018 14430 Views

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

Income Tax - Centralised Communication Scheme, 2018

Posted by CA Pradeep Kumar Rajput 27 February 2018 6296 Views

Income tax department has come up with the Centralised Communication Scheme, 2018 for requiring any person to furnish information or documents for the purpose o...

All about Survey, Search and Raid by Income Tax Department

Posted by Soumya Laha 27 February 2018 28504 Views

Usually we always afraid of such things, about which we have not any clear idea. 'Income Tax Survey & Raid' is one of that kind of things. Even many

PNB Scam: Who really pays the bill?

Posted by Prajjwal Kaushik 22 February 2018 27374 Views

Glance at some of the Interesting Facts: The Government of India's tax revenues have increased by more than 50 times between the Year 1985 to the year 201

Consequences of Non-Filing of the Income Tax Return

Posted by Tarun Kumar Madaan 21 February 2018 25898 Views

I have recently authored blog "31st March'2018: Warning Bell for the filing of the Income Tax Return".31st March'2018: The last date for

194IB - Time Bomb on Landlords and Tenants

Posted by CA Pradeep Kumar Rajput 20 February 2018 20668 Views

Finance Act 2017 dropped a bomb on the normal rent paying individuals in the form of section 194IB where an Individual & HUF paying a monthly rent of rs. 50