Income Tax Articles

Income Tax Refund Status

Posted by CA Praveen Chopra 21 February 2008 14544 Views

Income Tax Refunds Status on Website[Submitted by CA. Praveen Chopra,B.COM.,ACA,GANDHIDHAM]February 20, 2008As per Press reports -The Income Tax Department (Mumbai region) has put on its website the list of income tax refunds for assessment years 200

FAQ on E-Payment of taxes

Posted by Nithya.P 13 February 2008 4949 Views

· What is e-tax payment?Ans. This is a facility provided to the taxpayers to make income tax payments through internet using net-banking facility. · Can I use this facility to pay income tax?Ans. You can, if; a) You have a bank acc

At Arms' Length -Advance Pricing Arrangements- The need of the hour

Posted by Abhiroop 09 February 2008 8620 Views

At Arms' Length -Advance Pricing Arrangements- The needof the hourWhen the transfer pricing regulations were introduced in Indiain 2001, transfer pricing was completely unknown. The onerous documentationrequirements and stringent penalties prescribed

5 EASY STEPS OF AIR

Posted by HARANATH 26 January 2008 6352 Views

5 easy steps to AIRThe data structure (file format) in which the AIR is to be prepared is given below: Data Structure (File format)Prepare AIR in accordance with the file format in clean text ASCII format. AIR can be prepared using in-house software

OVERVIEW - AIR

Posted by HARANATH 26 January 2008 4151 Views

ANNUAL INFORMATION RETURN (AIR) Annual Information Return (AIR) of 'high value financial transactions' is required to be furnished under section 285BA of the Income-tax Act, 1961 by 'specified persons' in respect of 'specified transactions' registere

procedure for e-payment of tax

Posted by HARANATH 26 January 2008 4155 Views

Procedure for e-payment: 1. To pay taxes online the taxpayer will select the relevant challan i.e. ITNS 280, ITNS 281, ITNS 282 or ITNS 283, as applicable.2. Enter its PAN / TAN as applicable. There will be an online check on the validity of

Real Estate

Posted by shipra walia 14 January 2008 6161 Views

REAL ESTATE IN INDIA AN EMERGING SECTOR REAL ESTATE has generated immense interest in recent times. With the growing pace it has attracted investments not just from India but from overseas also. Even though after being a part of real estate ind

STEPS TO FILE INCOME TAX RETURNS ONLINE

Posted by NIHAR RANJAN 14 January 2008 7169 Views

COMPILEDBY NIHARRANJAN BEURACRL-BEL,BANGALORE.THAT'S IT STEP-1 GO TO www.incometaxindia.gov.in STEP-2 REGISTER YOURSELF WITH YOUR 'PAN NO' AS YOUR LOGIN ID. STEP-3 DOWNLOAD THE SOFTWARE OF THAT FORM (ITS NOTHING BUT A PDF FILE). SAME

SOME TIPS BEFORE FILING IT-RETURN

Posted by Garima 14 January 2008 5633 Views

Some tips before you file I-T...lest you miss out Whether you file it through the e-mode or the qmode, rush hour filing may mean that you could inadvertently miss out on certain details & disclosures . The new return formats do not require f

A CHECK LIST FOR TAX DEDUCTION/REBATE

Posted by Aisha 07 January 2008 31380 Views

A GENERAL CHECK LIST FOR TAX DEDUCTION/REBATE(F.Y.2007-2008 ) COMPILED BY NIHAR RANJAN BEURAMANAGER (FINANCE)CRL-BEL,BANGALORE. 1. House Rent Allowance - u/s 10 (13A) : (a) Original rent receipts from the landlord to be kept. (Note: Rent