Income Tax Articles

Transactions requiring PAN

CA Saba Naaz 05 November 2016 at 10:48

PAN (Permanent Account Number) is a 10 digit alphanumeric number, issued by the Income Tax Department, in a card form. It enables the Income Tax Department to l..

Enjoy Diwali with crackers of Income Tax

CA Umesh Sharma 28 October 2016 at 11:03

Arjuna (Fictional Character): Krishna, on this occasion of Diwali festival, if different types of crackers are linked with the provisions of Income Tax then, te..

Premature withdrawal of funds from Capital Gains Deposit Account

Kajal Jain 29 September 2016 at 10:54

The Income Tax Act has laid out exemptions under Section 54 and Section 54F to help taxpayers

Battle of Love for Money and Fear of Income Tax - IDS?

CA Umesh Sharma 27 September 2016 at 10:56

Arjuna (Fictional Character): Krishna, nowadays income tax department is conducting survey, raids, etc. almost everywhere. Because of this, confusion is arising..

Levy of tax and exemptions under GST

sanjay aggarwal 26 September 2016 at 10:25

In this note I have tried to analyse the provisions of Levy of tax and exemptions that can be availed from payment of tax and provisions as per SCHEDULE III

One week left for IDS 2016

Raghavendra Prasad M 24 September 2016 at 13:13

I recommend to Arise, Aware and Avail IDS 2016 in order not to Invite MUSIC later.

How to Surrender PAN - Practical Approach

Hetvi Sheth 21 September 2016 at 11:00

It is always a better option to visit the Income Tax department and ensure the surrender process is completed through consultation of respective jurisdiction

Opportunity for disclosing black money will end on 30th Sep

CA Umesh Sharma 20 September 2016 at 10:55

Arjuna (Fictional Character): Krishna, the opportunity for disclosing black money will end on 30th September 2016. Also, the income tax department is carrying o..

Cenvat credit on rent a cab

CA Venkatprasad Pasupuleti 15 September 2016 at 10:52

For the period upto 01.04.2011, courts/tribunals allowed the credit however with advent of specific exclusion in the definition of 'Input service'

Income Disclosure Scheme 2016 (IDS 2016) - An Opportunity

Yogesh Agarwal 12 September 2016 at 10:54

This article is not based on the technicality of the scheme section by section but in simple way to make one understood that this is an opportunity to clean the hand.