Taxpayers Corner Articles

Top 10 Indian Cyber Crimes while filing online ITR's

Posted by F.S Dhiman 03 February 2014 33023 Views

Generally all the assessee/tax professionals are internet savvy to file income tax return online , but unknowingly they may be commit cyber crime under Information Technology Act 2000 1. Sending request to pas

Black Money Minus Corruption is Benign: Counter Point

Posted by CA Anil Garg 17 January 2014 12712 Views

Suddenly, it has become fashionable in India to talk about black money and behave as if it is the root cause of all problems and we all will become prosperous no sooner black money is put to tax net within the control of our dear government which has

Taxation of Salary - Points need to know as an employee

Posted by CMA Ramesh Krishnan 15 January 2014 63843 Views

Taxation of Salary Points need to know as an employee (Part- 1) Introduction: It is January again and the first month of last quarter for the financial year 2013-14, All the employers are in the process of start asking your proofs for your

Replacing all taxes with banking transaction tax !

Posted by CA Anil Garg 10 January 2014 54623 Views

In prelude to General Elections, several radical ideas are being circulated. Baba Ramdev is believed to have propounded this idea, supported by Gadkari and finally, endorsed by Modi, though they have not committed to it as yet. Let us examine the mer

Citizen's Charter is incomplete without Business Services

Posted by CA Anil Garg 06 January 2014 16007 Views

It is heartening to listen to Mr. Kejriwals speech in Delhi Assembly during vote of confidence. He has rightly mentioned that Citizens Charter is an integral part of anti-corruption measures. A government official is likely to stop doin

Mandatory Pan Under The Income-tax Act

Posted by CA Pallav Singhania 03 January 2014 39027 Views

A Permanent Account Number (PAN) is one of the most important documents in the country today. It is an identification number which the Income Tax Department gives to all taxpayers. You need to quote the PAN for all financial transactions like opening

Short and Simple Wealth Tax

Posted by CA Pallav Singhania 26 December 2013 41654 Views

CHARGEABILITY (SECTION 3) Wealth tax is charged for every assessment year in respect of net wealth of the corresponding valuation date of every individual, HUF and company, at the rate of 1% on the amount by which the net wealth exceeds Rs. 30,00,0

Income from Salary Simplified

Posted by CA Pallav Singhania 21 October 2013 49216 Views

BASIS OF CHARGE: [Section 15] As per Section 15, salary consists of the following: any salary due from an employer or a former employer to an assessee in the previous year, whether actually paid or not; any salary paid or allowed to him in the

Corruption R.I.P: My ideas to end corruption in India

Posted by Vignesh Killur

08 October 2013 8740 Views

Connect all Government Departments, both State and Central and bring them under a common software platform (ERP) and also standardize and bring uniformity to their method of worki

Should you invest in Tax-Free Bonds?

Posted by Prof. Bajaj 25 September 2013 23998 Views

Ohh Man! I did my tax saving investments 2 months back only. Otherwise I would have invested in these tax-free bonds. But now I cant invest in them. said Mahesh Kuntal, a 34 year old executive, working with a leading pharma co