Tax is charged on salary due during the previous year, even whether received or not, salary received in the previous…

The Finance Bill 2012 proposed a provision where a person, while making a payment or crediting any sum by way…

As per the amendment proposed in the Finance Bill 2012, presumptive income scheme under Section 44AD of the I-T Act,…

I acquired jewellery worth R75,000 on April 7, 1979. I am planning to sell it now for around R10 lakh.…

The government has proposed to introduce Section 80TTA under Chapter VI A (Part C) which would provide a deduction to…

I am currently working for a petroleum company in West Asia. I am enjoying the NRI status for the last…

I own a house from which I get an annual income of R1.80 lakh. I wish to convert this house…

Section 80C of the Income Tax Act, 1961, provides deduction for tuition fee, provided it is paid to any university,…

I am working with a private limited company. My employer declared a bonus of R10,000 for all employees on Christmas.

I am a salaried person and filed my income-tax return for FY 2010-11 on September 1, 2011.

How can I file my tax return for financial year 2010-11 online and is there any advantage of e-filing of…

I have heard that Budget 2011 has eliminated the need for filing income tax returns for salaried individuals. Since I…

I am into retail trading and expect my business turnover to be Rs 50 lakh for the financial year 2010-11.…

I had donated Rs 10 lakh to the Venu Charitable Society in 2007, which issued a certificate in Form 58A…

Under the Income Tax Act, 1961, house property is a capital asset and any gain or loss on the same…

Any sum of money received without consideration in excess of Rs 50,000 in a year by an individual or HUF…

With the globalisation of the Indian economy and increasing number of crossborder investments, most large and mid-sized business enterprises are…