Income Tax Articles

A Guide to Understand the Salary Structure

Anand Satyapanthi 12 February 2016 at 11:13

I bet you never knew the perks of understanding your Salary Structure better!For most people, salary is simply a paycheque they get at the end of each month. The salary structure mentioned in the slip that comes with it hardly attracts any attention

Submit your Disclosure to Claim Income Tax Deductions

Anand Satyapanthi 10 February 2016 at 10:44

Are you eligible to any Income Tax Deductions this year?You might be eligible to claim income tax deductions. All you have to do is to get it mentioned in your TDS statement. The Employer has the responsibility to deduct Income Tax from the salary of

Natsamrat's Love, Gift & Income Tax

CA Umesh Sharma 09 February 2016 at 10:53

Arjuna(Fictional character):Krishna, Valentine's Day (14thof February) is celebrated all over the world as the day of "Love."Krishna, "Love" has a variety of related but distinct meanings in different contexts in th

Know your tax saving limit - The complete guide

Manish Hingar 08 February 2016 at 10:43

WHAT ON EARTH IS TAXES?With layman's dialect tax is usually a compulsory contribution that all one who brings in an income as well as comes in the taxpaying area has got to pay on the authorities since authorities has got to launch a lot of res

Mandatory quoting of PAN

Gagan Deep Singh 03 February 2016 at 10:32

The Government is committed to curbing the circulation of black money and widening of tax base. To collect information of certain types of transactions from third parties in a non-intrusive manner, the Income-tax Rules require quoting of Permanent Ac

What's up in Start Up

CA Umesh Sharma 27 January 2016 at 11:18

Arjuna (Fictional Character): Krishna, Government of India has come up with the scheme of �Startup India� on the occasion of Repulic Day. On the Republic day as we see parade on Rajpath, likewis

Measuring of aerial distance in income tax act

Mukesh Kuriyal 25 January 2016 at 11:02

DO YOU AGREE THAT CBDT HAS TAKEN RIGHT DECISION ON MEASUREMENT OF DISTANCE TO BE TAKEN AERIALLY AFTER ASSESSMENT YEAR 2014-15.Recently on Dated 06/Oct/2015 CBDT issued a circular regardingMeasurementofthe distance for the purpose of section 2(14)(iii

CBDT - Money makes the mare go

HARISH BHATIA 18 January 2016 at 10:52

CBDT, Yes, You rightly understood, it is a Central Board of Direct Taxes, or to say an elevated platform of persons, who are equipped with ineffective mechanism to regulate the income tax department of the country and eventually a safe route of escap

Mandatory Requirement of Quoting of PAN

CA Vivek chaudhary 11 January 2016 at 10:38

The Government is committed to curbing the circulation of black money and widening of tax base. Where the transactions exceeds the specified limit the income tax rules required quoting of Permanent Account Number (PAN) to collect information of certa

Black economy sources, cause and effect analysis with remedies

CA CMA CS Ram Pavan Kumar Melam 09 January 2016 at 12:46

The higher education sector, real estate deals, mining income etc., are major sources of India�s black economy (hereafter mentioned to as �informal economy / informal income / informal money�) and is nearly 75% of the size of its re