Income Tax Articles

Let's see, some silent proposals of the Income Tax

Posted by CA Umesh Sharma 14 July 2014 20620 Views

Karniti Part-45:Lets see, some silent proposals of the Income Tax from the Financial Budget Arjuna (Fictional Character): Krishna, on 10th July Finance Minister Mr. Arun Jaitely has presented Financial Budget. Thereafter lots of discussions on the bu

Detailed Analysis- Gifts Taxation under IT Act

Posted by caushagarg 05 July 2014 25515 Views

Taxability of Gift under Income Tax Act, 1961As per Income Tax Act, receiver (donee) of gift is charged to taxation u/s 56(2)(vii). The donor of gift is not charged to taxation under this section. However, the below cases is analyzed from the taxatio

Taxation Of Charitable Trust

Posted by PRATIK SHAH 05 July 2014 255197 Views

Registration and Taxation of charitable & Religious Trust Preamble:According to one survey in India there is 1 N.G.O per 800 Indian Citizen. We cant find even a single village in India where there is no Religious place. We might not fin

How to check your Income Tax Refund online

Posted by CA Chirag Chauhan 04 July 2014 27181 Views

Many people are not aware about that their tax refund status. The Refund status can be easily ascertained online with a few simple and easy steps. The Refund Banker Scheme', which was first introduced by the Income Tax Department in Jan 20

Development agreement is also an agreement for sale subject

Posted by Rupesh Srivastava 01 July 2014 15108 Views

Recently Hon`ble High court held, The development agreement is also an agreement for sale subject to certain conditions. In short, it is an agreement for conditional sale. (i) Whether the suit at the instance of a developer is not maintainable

Hardships - Restriction of Single Email ID & Phone No to Four

Posted by ANKUR 01 July 2014 16359 Views

The Income Tax Dept. has mandated pre-filling of Mobile No. & Email ID before filing of return of an assessee. Further one Mobile No. and Email ID can not be used for more than 4 times for incorporation in any assessee detail. This has bro

Handy MAT Provision

Posted by pawan tewari 30 June 2014 21451 Views

Objective behind the introduction of MAT: Normally, a company is liable to pay tax on the income computed in accordance with the provisions of the income tax Act , but the profit and loss account of the company is prepared as per provisions of the Co

All Taxpayers please note new changes in the Income Tax Return

Posted by CA Umesh Sharma 30 June 2014 37479 Views

Arjuna (Fictional Character): Krishna, June Month is coming to end. Now, it's time to file Income Tax Returns for the year 2013-14. The due date for filing the income tax returns is 30th S

The Union Budget-2014 - Expectations from the Salaried Case

Posted by CMA Ramesh Krishnan 30 June 2014 8799 Views

Introduction: Union Budget for the year 2014-15 going to be presented by the Finance Minister during forth coming budget session in the Parliament. Increase the economic growth &

Solution to restricted use of email ID for 4 times only on IT E-filing Website

Posted by CA Tejas Andharia 27 June 2014 37956 Views

Recently, on www.incometaxindiaefiling.gov.in , assessee is compulsorily required to get its email ID and password registered. Further, maximum permissible usage of each of them is 4 times only. We know that most of the assessees in India do not ha