Income Tax Articles

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

Surplus on sale of shares and securities- Capital Gains or Business Income

CA Ashutosh Khaitan 05 March 2016 at 11:37

Issue of taxability of surplus on sale of shares and securities � Capital Gains or Business Income � Instructions in order to reduce litigation � reg.1. Sub-section (14) of Section 2 of the Income-tax Act, 1961 (�Act�) d

Budget 2016-17- Income Tax & some other comments

Mahesh Kapasi 04 March 2016 at 11:34

Introduction: This year's overall �Union Budget is �just� like an election budget- trying to please more of �poor voters-nothing is wrong in it but schemes launched for them must be strictly

Clarification on taxability of withdrawal of accumulated balance in the provident fund

CA Dhruva Kalamanji 02 March 2016 at 10:39

The section under discussion:Section 10 (11)Section 10 (12)Rule 8 of Part A of the fourth scheduleExtract of above section from the Income Tax Act, 1961:10 (11) any payment from a provident fund to which tmhe Provident Funds Act, 1925 (19 of 1925), a

Amendments in TDS shall be substituted w.e.f 01.06.2016

SAMEER AHMED 02 March 2016 at 10:36

S.no Changes In following particulars Change in Existing provision Old Provision 1. In Sec 192A, �Payment of accumulated balance due to an employee� New Exemption Limit exceed t

Benefits granted to start-ups in the budget 2016

CA RITUL PATWA 01 March 2016 at 10:44

The budget for the F.Y.2016-17, has been presented by the H�ble Finance Minister, Sh. Arun Jaitely Ji on 29th February, 2016. With a view to promote the Start-Up culture in India and to develop entrepreneurship, the F.M. has added a Special Pro