Income Tax

An income tax is a tax imposed on individuals, entities (taxpayers). That varies with their respective income, profits (taxable income). Many jurisdictions refer to income tax on business entities as companies ,corporate tax. Partnerships generally are not taxed rather, the partners are taxed on their share of partnership items. Tax may be imposed by both a country and subdivisions. Most jurisdictions exempt locally organized charitable organizations from tax.

Income Tax Article

Stamp duty and registration charges for execution of lease deed is a Capital or revenue expenditure ?

Stamp duty and registration charges for execution of lease deed is a Capital or revenue...

Hon’ble President of announces E-Filing Portal development of ITAT

Hon’ble President of announces E-Filing Portal development of ITAT  

Set-off of business income against Loss suffered from derivative transactions

Set-off of business income against Loss suffered from derivative transactions Short Overview : Where loss suffered from...

“UNION CABINET DECISIONS ON MSME AND AGRICULTURAL SECTORS DT. 01.06.2020”

“UNION CABINET DECISIONS ON MSME AND AGRICULTURAL SECTORS DT. 01.06.2020”   Union Ministers Prakash Javadekar, Nitin Gadkari...

“INSTANT PAN THROUGH AADHAAR BASED E-KYC – DIGITAL REVOLUTION”

“Instant PAN through Aadhaar based e-KYC – Digital revolution” Key highlight: FM launches facility of Instant...
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New ITR forms for the AY 2020-21 .Some of the new Disclosures in the new ITR Forms 1 to7 :

New ITR forms for the AY 2020-21 .Some of the new Disclosures in the new...
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Production Linked Incentive Scheme for Promoting Domestic Manufacturing of Medical Devices

Production Linked Incentive Scheme for Promoting Domestic Manufacturing of Medical Devices   ***************************************************** For Tax & Corporate Law...
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Get Ready – CBDT has notified new ITR Forms for the AY- 2020-21(FY- 19-20)

Get Ready - CBDT has notified new ITR Forms for the AY- 2020-21(FY- 19-20)   ****************************************** For Tax...

Getting to grips with Industry Transformation

If you want to ensure that your business developing and boost,...
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Income Tax Survey : No physical discrepancy was found detected by survey team and excess value of stock was merely because of difference in...

Income Tax Survey : No physical discrepancy was found detected by survey team and excess...
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Income Tax Raid : Expenses offered for disallowance during search not found to be a false claim – For levy of penalty under section...

Income Tax Raid : Expenses offered for disallowance during search not found to be a...
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Rental income from letting out of factory building is a income from house property or income from other source ?

Rental income from letting out of factory building is a income from house property or...
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CBDT notifies new Form 26AS containing details beyond TDS /TCS pursuant.

CBDT notifies new Form 26AS containing details beyond TDS /TCS pursuant. Form 26AS got replaced with...
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Getting a PAN has never been this easy !!

Getting a PAN has never been this easy !! All you need, is your Aadhaar number. Just...

HowTo Choose Property Experts To meet your needs

Many new home owners face the prospect of making a deal breaker with realistic...