Income Tax Articles

What's there in the name?

Prof. Bajaj 11 December 2012 at 11:39

Buss Naam hi Kaafi hai might be an impressive punch line for our favorite actor or to promote some product, but when it comes to making investment decisions, go by what Shakespear says, Whats there in the name ?

TDS under Section 194A

Ankit Gupta 07 December 2012 at 11:56

TDS under Section 194A Delayed Payment of Purchase Bills By CA. Ankit Gupta (argtaxconsultants@gmail.com) Issue: Whether there is any requirement of withholding tax (TDS) under section 194A of the Income tax Act, 1961 (

Interest on Housing Loan - Doubly Beneficial

Dilip K Raina 06 December 2012 at 11:04

Purchasing a residential property these days is really a dream come true. Few years back government started giving incentive under section 24 of the income tax act by allowing interest on housing loan to be deducted from the total income of the re

Newly Inserted Section 80CCG

CA Roopak Singh 06 December 2012 at 11:03

RAJIV GANDHI EQUITY SAVING SCHEME SECTION 80CCG Finance Act 2012 has come up with a new section 80CCG, to be made applicable from F.Y. 2012-13 onwards. The Scheme not only encourages the flow of savings and improves the depth of domestic capital mar

Precise provision on tax collection at source (TCS)

Yogesh Agarwal 05 December 2012 at 12:05

Provisions related to Collection of Tax at Source under Income Tax Act 1961 This is my privileged that I received a good response to my previous article and with that over whelming response I courage to write another article. This time I did not g

Short Note on Concept of Advance Tax

CA Manish 03 December 2012 at 11:27

Short Note on Concept of Advance Tax Liability for payment of Advance Tax:-

Payment to Non Residents - Issues, Compliances and other related Matters

CA bhargava 01 December 2012 at 12:10

In the growing era of Globalisation and the political situation where the government has opened up the gates for the Foreign Players to I

Reverse mortgage

Venkat Rao Marella 30 November 2012 at 12:28

What is Reverse mortgage and how does it operate ? It is a type of mortgage in which an owner of a residential property in Indian can borrow money against the value of his or her home. A reverse mortgage provides stream of income flows which normall

Revenue should furnish AIR information received to Assessee

Rupesh Srivastava 29 November 2012 at 17:03

Recently on 24th Aug 2012, ITAT held that Revenue should furnish AIR information received to Assessee - Principles of natural justice Assessee invested in mutual funds along with his wife. The assessing authority, after receiving information from A

New and user friendly efiling site from IT Department

CA Ilayaraja 20 November 2012 at 12:07

Filing and maintaining the info relating to your Income tax returns was never so easy. But, thanks to the Income Tax Department, they have come up with a comprehensive and more user friendly website. No need of going to a professional for filing the I