Income Tax Articles

Mutual Fund - Meaning, Types, Risks, Returns & Taxation

Posted by Soumya Laha 22 August 2019 12958 Views

"Mutual Fund investments are subject to market risks. Please read the offer document carefully before investing."

Paperless Invoices - The new age way for exchanging data electronically

Posted by Arpit Tandon 21 August 2019 7592 Views

With the advance of technology things are moving from paper to paperless. Earlier cheques were being issued for payment, now payment is done through net banking...

New Direct Tax Code all set to replace the Income Tax Act 1961

Posted by Vaishali Dhek 21 August 2019 19401 Views

The Modi led government in its last term constituted a Task Force to rewrite the Income Tax Law that would reduce compliance and tax burden and make tax governa...

Common mistakes made by Taxpayers

Posted by Vinod Araveti 21 August 2019 11264 Views

Common Mistakes incurred By Tax Payers All those who have taxable income of more than Rs.2.5 lacs has to mandatorily file the income tax return. It is very impo...

Do I Get Tax Benefits For Buying Health Insurance?

Posted by Guest 19 August 2019 7984 Views

It is imperative to get adequate medical insurance cover even before planning to save for one's goals. What's more, the premium paid also provides tax b

Google Tax : Equilisation levy introduced by Finance Act, 2016

Posted by Amol Gopal Kabra (CA,CS,DISA) 18 August 2019 7981 Views

INTRODUCTION The last two decades have witnessed momentous change in technology. The entire globe has been moving towards digitization in a lightening speed. Th...

Filing of Income Tax regular return, Loss Return and Revised Return

Posted by Mahendra Borhade 17 August 2019 10016 Views

Let's begin with a small story, there is one person named Mr. Sham residing at Pune, he is having a Raw house of around 5000 square feet, he constructed t

Income Tax exemption upto Rs 5 lac: All you want to know?

Posted by Priya Kashyap 17 August 2019 11707 Views

The announcement made by the Finance Minister (FM) of no tax liability for income upto Rs. 5 lakhs created euphoria initially. This most beneficial proposal i...

Taxation of Gifts under Income Tax Act, 1961

Posted by Amol Gopal Kabra (CA,CS,DISA) 17 August 2019 13282 Views

BACKGROUNDGifts have always been a topic of hot discussion as far as income tax laws in India are concerned. We have experienced a lot of changes in taxability ...

7 Tips to Ease Your Income Tax Return Filing Experience

Posted by Kapil Rana 13 August 2019 8737 Views

As the last date of income tax return (ITR) filing date nears, most taxpayers find it confusing to deduce their taxable amount. With the introduction of e-filin...