What If Return Filled in Wrong tax Form?
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Return Filled in Wrong tax Form What If Return Filled in Wrong tax Form? Many time people fails to understand…
Assessment
Income Tax Department Unearths Tax Refund Fraud by IBM, Infosys Employees
BY PTI ON 26/01/2018 Income Tax Department Unearths Tax Refund Fraud by IBM, Infosys Employees Employees of over 50 prominent and medium-sized companies…
Rules for mandatory quoting of Permanent Account Number (PAN)
Rules for mandatory quoting of Permanent Account Number (PAN) Every person shall quote his PAN in all his challans, returns…
Profit club not taxable on the concept of Mutuality !!
Club can avail of doctrine of mutuality w.r.t. surplus amount received. As contributions or price for some of facilities availed…
Date of signing the joint Development agreement is not fully relevant for determining the Capital Gain Tax liability !!
CIT vs. Dr. Arvind S. Phake (Bombay High Court) Section 2(47)(v): Immovable property is regard to have been transferr on…
Non filers may take the benefit of Income Disclosure Scheme-2016
Income Disclosure Query 1] If a person has not made any investments in LIC or in PPF, so can he claim…
Claim deduction @ Rs. 5,000/- pm if living in a rented premises- Section 80GG
Claim deduction @ Rs. 5,000/- pm if living in a rented premises- Section 80GG Query 1] I am not…
Scholarship received to meet the cost of education is tax free
section 80E Query 1] In my college, we are recruiting persons to work as junior research fellow and senior research…
Profit arising from sale of property & Tax saving options
Tax saving Query 1] I request you to kindly suggest me on the following issue. I have sold residential cum…
Reduce the tax liability on arrears of salary by claiming relief u/s 89
Reduce the tax liability on arrears of salary by claiming relief u/s 89 tax liability Query 1] I am working…
File the return in time to enjoy the benefit of carry forward of loss
income tax return benefit Query 1] I know a Farmer in my Neighborhood who was having agriculture land & has…
Issues in taxation of Bonus & splitting of Shares
Issues in taxation Query 1] I am holding a BSE listed shares since last 28 months. In current month, company…
