Income Tax Articles


Income Tax Rules providing tax exemption to charitable and religious entities modified

  CA Nikita    20 June 2007 at 01:52

June, 14th 2007Charitable and religious entities -Amendments to rules providing tax exemption The Ministry of Finance explained the relevant changes made to the Income Tax Rules 1962 that provided tax exemption to charitable and religious entities. T



Frequently asked question on e-TDS

  Guest    09 June 2007 at 02:31

FREQUENTLY ASKED QUESTION ON e-TDS1. What is annual e-TDS/TCS Return?Ans. Annual e-TDS/TCS return is the TDS return under section 206 of the Income Tax Act (prepared in Form Nos. 24, 26 or 27) or TCS return under section 206C of the Income Tax Act (p



What is Income Tax

  S K    12 March 2007 at 09:31

An income tax is a tax levied on the financial income of persons, corporations, or other legal entities. Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or regressive. When th




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