Income Tax Articles

Section 56(2)(vii): Gifts Received by Individual and HUF

CA Rohan jain 02 September 2016 at 11:00

Analysis of TAXATION OF GIFTS..!!Crux : Section 56(2)(vii) : Gifts Received by Individual and Huf 1. This section is applicable only when gifts are received ..

Rules for Grant of Foreign Tax Credit in India

CA Rohit Gupta 02 September 2016 at 11:00

Rules for Grant of Foreign Tax Credit in IndiaCentral Board of Direct Taxes (CBDT) has, vide Notification no. 54/2016 dated 27th June 2016, notified Rules for g..

India Cyprus Tax Treaty revised with Source based taxation of Capital Gains

CA Rohit Gupta 29 August 2016 at 10:41

The development on the India Cyprus tax treaty is welcome step towards providing certainty in tax.

4 amazing tax planning you can't afford to miss!

Paras mehra 26 August 2016 at 10:58

This article only explains action of government against the tax practices in the real world.

Dahi Handi of Govinda Taxpayers on 31st September!

CA Umesh Sharma 23 August 2016 at 10:43

Arjuna (Fictional Character): Krishna, festival of Lord Krishna�s Janmashtami is coming closer on 24th Aug. To break the � Dahi Handi�, human

Independence of taxpayer, but how?

CA Umesh Sharma 19 August 2016 at 11:14

Arjuna (Fictional Character): Krishna, we are celebrating 70th Independence Day of our nation. But do our nation�s taxpayers have independence? And how wi

Equalisation Levy is not so equal

CA Rohit Gupta 16 August 2016 at 11:06

Equalisation Levy is not so equalA. IntroductionEqualisation levy popularly known as Google tax introduced by The Finance Act, 2016 has come into effect from 1s..

Various sources of tax deduction which you should know as taxpayer

Manish Hingar 12 August 2016 at 10:57

Tax deductions are the claims made to reduce your exact taxable income. It arises basically from various investments and expenses incurred by the taxpayer

Transporters: Whether liable to TDS u/s 194C on Furnishing of PAN?

CA Arpita Tulsyan 11 August 2016 at 11:11

There were certain Amendments, which were made in Section 194C(6) by Finance Bill, 2009 which had been analyzed here in this article

We can still file the ITR

Abhishek Ranjan Singh 06 August 2016 at 11:39

Due date for filing Income tax return was 31st July(Extended date this year till 5th August 2016) and you miss to file it within due date you can still file it..