This will serve dual purpose, better return filing ratio for the government and easy tax administration for the taxpayers.
Vide Finance Act 2017, certain other adjustments were allowed in processing of ITR, including in cases where income appearing in…
Budget 2018: With the Union Budget scheduled to be presented on February 1, all eyes are on the finance minister.…
Budget 2018: The Union Budget 2018 is just around the corner and the common man is eagerly waiting to see…
The Budget should increase the tax benefit on loan repayment of second house to `3 lakh, increase the ceiling on…
Aligning the Indian tax environment with global best practices and standards, the Central Board of Direct Taxes (CBDT) has yet…
Withholding tax is a responsibility cast upon the payer and failure to withhold appropriate taxes shall result in liability to…
Since the Insolvency and Bankruptcy Code, 2016 came into effect for corporates last year, all three categories of applicants—financial creditors,…
With a limit of Rs 2.5 lakh per taxpayer, even the genuine taxpayer holding tax paid money is afraid of…
With the passage of the Goods and Services Tax (GST) Constitutional Amendment Bill in both the Houses of Parliament, the…
In the recent past there has been a lot of hue and cry over leak of information about famous personalities…
The Finance Act 2016 levied dividend tax at the rate of 10% on dividend over Rs 10 lakh per annum.
India-Mauritius tax treaty: The protocol signed between India and Mauritius on May 10, 2016, amending the DTAA brought closure to…
Overall, it is a balanced Budget with a pragmatic approach, and if the taxability of EPF withdrawal is rolled back,…
In order to widen the tax base of our country the government has also taken definitive steps by mandating quoting…
While share trading has grown significantly one needs to know how to treat the income earned from sale of shares.…
The government and its various agencies are the pre-dominant litigants in courts and tribunals.
Tax authorities in India have the power of initiating scrutiny assessment under section 143 (3) of the Income Tax Act…
