Income Tax Articles

Black Cloud & Black Money, will they come & rain in Country?

CA Umesh Sharma 06 July 2015 at 10:33

Karneeti Part 105Black Cloud & Black Money, will they come & rain in Country? Arjuna (Fictional Character): Krishna, at the time of arrival of monsoon season farmer keeps watch on the sky. Farmer thinks that will black cloud give rain. Simil

Summary: Black Money Rules

CA Pradeep Kumar Rajput 06 July 2015 at 10:32

Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015.Notified rules are: Short Title and commencement. Definition. Fair Market Value. Tax Authorities. Notice of demand. Appeal to Commissioner(Appeals) Appeal to Appel

Tax calculator and new ITR

CA Chinmay Gangwal 03 July 2015 at 10:58

What is meant by Income Tax Return? Income Tax Return is a document file with the apex body of Income tax i.e. Central Board of Income Tax Department for reporting of their Income from salary,

All about TDS return

mansi goel 03 July 2015 at 10:57

So the due date for filing of TDS return for 1st quarter (Apr 15-Jun 15) is 15thJuly 2015 which is about to come. As TDS return is required to be submitted electronically in some cases which can be prepared with the help of return preparation util

Powers of the AO to re-open assessment u/s 148 are not un-abundant or luxuriant.

CA Pawan Maloo 03 July 2015 at 10:35

Powers of the AO to re-open assessment u/s 148 are not un-abundant or luxuriantSection 147 and 148 of Income Tax Act is a well designed weapon for the Income Tax Department empowering it to assess, re-assess or re-compute income, turnover etc. which

Difference Between ITR 4S or SUGAM and ITR 4

Prashant Gupta 02 July 2015 at 11:18

Many Tax payers who are business owners or are professionals remain unsure about whether they need to file their Income Tax Return using form ITR 4 or ITR-4S (or SUGAM). So, here is mentioned information to understand the applicability of ITR 4 &

Powers of the AO to re-open assessment u/s 148 are not un-abundant or luxuriant

CA Pawan Maloo 02 July 2015 at 11:18

Importance of other laws in tax planning

Paras mehra 02 July 2015 at 11:17

PERSONAL INCOME TAX: IMPORTANCE OF OTHER LAWS IN TAX PLANNING – HERE IS EXPLAINED HOW?IntroductionTax laws are getting complex day by day and also scope for simple tax planning is also getting narrower day by day. In this dynamic environment, k

Real Estate Developers & section 43 CA

mohit mittal 30 June 2015 at 10:51

REAL ESTATE DEVELOPERS AND SECTION 43CA The provision was introduced in order to counter act the various decisions of high courts where it was held that provisions of Section 50C is not applicable when the seller holds the land or building or both as

Agriculture Income and Expenditure, etc more details asked in New ITR

CA Umesh Sharma 29 June 2015 at 11:05

Karneeti Part 104Agriculture Income and Expenditure, etc more details asked in New ITR.Arjuna (Fictional Character): Krishna, in last week Income Tax Department has issued forms for filling Income Tax Return for Financial Year 2014-15. Which are thes