File your Income Tax Returns in India, before 31st July 2018

Hello guys, Have you filed tax returns for FY 2017-18? With Tax Assist it tak

Budget 2018: 4 Things a Taxpayer shouldn’t miss

There are four things that you should keep in mind before filing the I-T returns

Time Limit and Consequences of Delay of Filing Income Tax Return

Persons required to file the return of income  In the case of compani

Why is your Income Tax Returns important for Accidental Death & Compensation?

How can your Accidental Death & Compensation Increase due to Income Tax Retu

Penalty U/s 271DA For Violation Of S. 269ST Of The Income-tax Act, 1961

Here has been examined the entire law applicable to sections 269ST and 271DA of

Tax Payment Procedure Under GST?

    Now that the GST will soon be launched, an ess

CBDT to Intimate about Proposed Income/Loss Adjustments Prior to Issuing Intimation u/s 143(1)

The Central Board of Direct Taxes (CBDT) has decided to issue an intimation of t

Rachhpal Singh vs Income Tax Officer on 3 February, 2005

Rachhpal Singh vs Income Tax Officer on 3 February, 2005 Equivalent citations

Mrs. Meena S. Patil vs Asst. Commissioner Of Income Tax ... on 29 March, 2007

Mrs. Meena S. Patil vs Asst. Commissioner Of Income Tax ... on 29 March, 2007

Lohitakshan Nambiar, Bangalore vs Department Of Income Tax on 31 August, 2009

Lohitakshan Nambiar, Bangalore vs Department Of Income Tax on 31 August, 2009

Commissioner Of Income Tax vs P.V.A.L. Kulandagan Chettiar ... on 26 May, 2004

Commissioner Of Income Tax vs P.V.A.L. Kulandagan Chettiar ... on 26 May, 2004

Leena J. Shah vs Asstt. Cit on 10 November, 2005

Leena J. Shah vs Asstt. Cit on 10 November, 2005 Bench: R Tolani, A Gehlot

Pradip J. Mehta vs Commissioner Of Income ... on 11 April, 2008

Pradip J. Mehta vs Commissioner Of Income ... on 11 April, 2008 Author: Bhan

CBDT New Guidelines for Compounding of Offences under Chapter XXII of Income Tax Act, 1961 dated 23-12-2014 from 01-01-2015

F.No. 285/35/2013 IT(Inv.V)/108 Government of India Ministry of Finance 

Commissioner Of Income-Tax, ... vs V. E. K. R. Savumiamurthy. on 1 February, 1946

Commissioner Of Income-Tax, ... vs V. E. K. R. Savumiamurthy. on 1 February, 194

The Commissioner Of Income ... vs Karan Bihari Thapar on 14 September, 2010

The Commissioner Of Income ... vs Karan Bihari Thapar on 14 September, 2010 A

The Commissioner Of Income ... vs Karan Bihari Thapar on 14 September, 2010

Shri Tapan Krishna Pattanaik, ... vs Assessee on 10 June, 2016 IN THE INCOME

Capt. A.L. Fernandes vs Income Tax Officer on 19 December, 2001

Capt. A.L. Fernandes vs Income Tax Officer on 19 December, 2001 Equivalent ci

COMMISSIONER OF INCOME-TAX, GUJARAT Vs. RESPONDENT: ASHOKBHAI CHIMANBHAI

SUPREME COURT OF INDIA   PETITIONER: COMMISSIONER OF INCOME-TAX, GUJA

Taxation Of Gold And Gold Products

      The profit on the sale of your gold is taxable

Need To Rationalize TAR And ITRs

    Presently, in India, a large number of the income tax as

Know the charges, taxes on your restaurant bill to avoid being overcharged

Know the charges, taxes on your restaurant bill to avoid being overcharged &nbs

What Do Taxpayers Want In Budget 2017?

The Budget is just around the corner, and as always, there’s turmoil of as

How To View Your TDS Through Form 26AS?

  A taxpayer can view the tax credit or the tax that has been dedu

Tax On Cash Withdrawals?

       Many offe

Anti-Profiteering Measures Under Model Goods And Services Tax Law

      The Revised Model Goods and Service Tax Law (M

Getting On The Honours List While Paying Taxes

    The Central Board of Direct Taxes (CBDT) has decided t

Be Tax-Wise When Investing In Stocks To Maximise Gains

    Nearly every investor knows that the short-term capita

Can You Avoid Tax On Cash?

    Since 9th of November 2016, when Indians woke u

5 Smart Things You Should Know About Advance Tax

5 smart things you should know about advance tax     1. I

10 Tax Planning Ways for A.Y. 2016-17

    As the new Assessment Year has approached, all the tax p

Direct Tax Agglomeration Up 25% In Q1 2017, Indirect Up 31%

      The direct tax agglomerations in Apr

How To Pay Zero Tax For Income Upto Rs 12 Lakhs From Salary For Financial Year 2016-17 Budget 2016

    The Budget has made no important change for the Tax Rate

NPS, Health Cover Cut Tax

  Kolkata-based Das can cut tax by investing in the NP

Compounding Tax Scheme Loses Steam After Just One Case

    A tax department scheme that lets in defau

Dos And Don'ts For Claiming And Retaining Tax Benefits Of Life Insurance Policies

  Most people think that just purchasing a life insurance policy

Realtors Seek Tax Relief, Land To Build Affordable Homes

  Realtors' body NAREDCO claimed tax relief and incr

Tax Payment Procedure Under GST?

    Now that the GST will soon be launched, an ess

Penalty For Late & Non Filing Of TDS Returns

    Every deductor, who deduct the TDS on beh

What To Do If You Have Multiple UANs

    Universal Account Number (UAN) has been made vital for a

Income Tax Department Raids Roadside Eateries, Small Organizations To Make Statement Scheme A Success

    The income tax branch is leaving no stone unturned i

The Role Of Professionals In Tax Reforms

      Taxes are the Governments manner of earning an

Tax Department Not To Take Any Action On Cash Deposits Made After Declaring Income Under IDS

      The government has said no detrimental action

NPS Cuts Tax But Equity Funds Can Yield More

The Budget for this year made the NPS more interesting by maki

NPS, perks cut tax by 56%

  Chennai based banker Rajeev Kumar, 34 years of age has a tax f

PFRDA Nod To 75% In Equity For Private NPS

The Pension Fund Regulatory and Development Authority (PFRDA) ha

Use NPS To Invest In Stocks

      James’s is an employer in a well known c

CBDT launches online 'nivaran' to resolve I-T grievances

      CBDT has launched the ambitious 'e-ni

GST To Bring Biggest Business Reform: Tax Expert

  The proposed Goods and Services (GST) tax regime is all set to bri

Why structural flaws can make the EPS go bust

    Till 2 years ago, there were very few salaried peopl

Are Ancestral Jewellery, Property, Gifts Taxable?

We have some ancestral gold and diamond jewellery whose value is approx.

Olympic Medal Winners Won't Have To Pay Tax On Cash Prizes

    It's raining prizes for the Olympic medal winners.

Filing Income Tax Returns To Treat Share trading Losses

    Most of the people are aware how the sale of listed

8 Benefits Of Filing Income Tax Returns

Financial Credibility Filing Income tax Returns creates a strong fina

DEDUCTIONS [AY 2017-18]

DEDUCTIONS [AY 2017-18] Section Nature of deduction

Rules From Mumbai Income-Tax Appellate Tribunal, Property Co-ownership Doesn't Mean Joint I-T Liability

    Recently, the Mumbai Income-Tax Appellate Tribunal(

6 Things Small Investors Need To Avoid

Unknowingly the investors act in ways that can harm their interests. B

10K Firms Default On PF Pay

      It should have taken 30 days for anyone to wit

Should you extend tenure of closed-end funds to gain more?

    ICICI Prudential AMC's closed end equity fund ICICI

I-T Dept Not To Question The Valuer's Report For Black Money Disclosure

      According to the valuation report from a regis

Tax Provision Draws More Retail Investors To NPS

  Over the past years, the move to provide the tax benefits on 40%

Wealth Tax Not Levied On RNOR’s Property In Abroad

  Once you become ordinarily resident, you will be subjected to wea

How To File Your Income Tax Returns When Bootstrapping

  Which tax return form do you pick when you turn a winnable ent

Sec 80C, Perks Cut Tax

    Mumbai based Priyanka Sharma is 27 years old and has no

Interest On The NRE Deposits Is Taxable For Residents

    For an NRI, the interest earned on the NRE deposits

Are You An Honest Taxpayer?

Prime Minister believes that Indians are naturally honest, but a re

Missed The Tax Return Filing Deadline? Here's What To Do

Simply by clearing up the due amount of tax is not acceptable. The Income Tax ru

Are You Reporting All Your Interest Income?

    There is a reason to worry about while filing your retur

Bollywood Big Shoots Are On The Focus Of Taxmen

  Among the high-pitched hunt for hidden equities of the ri

Tax Reduced By 27%

Kolkata based IT professional Silver Basu has a very friendly income. If her emp

All About Resident But Not Ordinary Resident And Why This Special Status Is Accorded

  For the income tax purposes in India, you can be a '

Taxes During And After RNOR Status

Mr. Pankaj’s wife has inherited a land in Karnataka from her father, which

NPS Cuts Tax By 40%

    A person named Priyanka Gupta residing in kolkata&n

6 Smart Things To Know About Capital Gain Account Scheme

  · Capital Gain Account Scheme allows you to park t

Taxability Of Tax Residents Vs. Non Tax Residents

Once if you figure out which category you fall under the tax 

Verify your tax details online at Income Tax India, TIN and bank websites

With just four day left to file the income tax returns, many of the taxp

Income From Capital Gains

  Residents are liable to capital gains tax liable to specific rul

I-T info for over Rs 50L income raises hackles

  There is always a fear that the disclosures made in this year

Six Ways To Get Your Income Tax Returns Verified Electronically

  Many taxpayers who have already e-filed their income tax returns o

Advantages And Disadvantages Of Filing Income Tax Return Online

  1.  Filing income tax returns online through India

Do You Have To File Income Tax Return For AY 2015-16?

If you want to know whether it is necessary for you to file an income tax return

Capital Gains Account Scheme

Capital gains are defined as the profit that you make on the sale of an

Is It Important For A Resident Indian To Disclose Their Foreign Earned Income While Filing Their Income Tax?

Priya returned back to India in 2012 after living in USA f

Are Tax Preparers Ripping Off The Pilots and The Flight Attendants?

Generally, most of the accountants do not understand or just do not both

How An Airline Pilot or The Flight Attendant Tax Home Affects Vehicle and Commuting Expenses?

  Airline pilots and flight attendants sometimes think that if&

Taxation Related To Pilots

  Pilots fly all over the world which can make it complicated to tax

Expedite! File your Indian Tax Returns Before 31st July

  Full bouq

INCOME TAX RETURN FILING FREE OF COST FOR BANKERS HURRY UP! GET STARTED BEFORE THE 31ST JULY

Full bouquet of Tax S

PF Subscribers Who Withdraw Late Will Get 4-8% Higher EPS Pension

    Pensioners postponing the withdrawal of pension for two

11 Things To Expect From A Financial Planner

        1.   Do a complete ris

Is It Important To Have A Tax Advisor For Your Business?

A business always requires a good tax advisor. A good tax advisor is som

NPS Cuts Tax Outgo By 33%

      At 6.8% of the income annual income, for a per

If Missed 31st July Deadline For Filing Income Tax Return? Then What?

  Most of the tax payers file their income tax returns by the 31st&n

Income Tax Department Will Catch Them Young While Speaking To Your Kids

    One day if your kids turn around and asks you whether yo

Utilise Sec 80C To The Edge

      A person is taxed more than 7 % of his annual

What Happens If You Miss 31 July Deadline For Filing ITR?

    By now you all have received your Form 16 from your em

Last Date Of Income Tax Return In India - FY 2015-16 (AY 2016-17)

    Every year, the Ministry of Finance body CBDT announces

Reasons why not to file Income Tax Return before 15th May

  The very first thing to say is that the government has taken a gre

5 Innocent Mistakes Honest Taxpayers Usually Make

    1. Not reporting interest income  Though the i

File Tax Returns And Get Tax Refunds

Filing your returns can be a fair idea for number of reasons. Before you thi

How To Choose An Advisor?

  Just like we have a Doctor for our physical problems, we should id

11 Reasons Why You May NOT Be Getting An Income Tax Refund

  have been receiving quite a few queries on Income Tax R

Tax & Financial Hygiene

  Do you brush your teeth every day? Most of us would be brushing at

Gift Tax

  The change in the rule related to gifts says that the receiver h

Taxation & Fundamental Growth

  The taxation of fundamental growth and losses presen

30% Tax for Income of NRIs and Seafarers!

  Wouldn’t you be shocked if you were to learn that as an NRI

ACCOUNTING - A MANDATORY FOR FINANCIAL MATTERS?

  Proper management & statutory compliance with tax/financia

India, U.S. Sign Tax Information Agreement for FATCA

  Residency is actually dependent on the presence of the individual

Various Kinds Of Taxes

  Taxes, along with taxation rules are one of the most complicated

TAX ADVISORY

  In today's complex financial and business world, everyone

Investment Compliance & Taxation

  To maintain enforcement levels and comply with evolving requir

Basab Mukherjee, Jalpaiguri vs Department Of Income Tax on 13 May, 2013 (Income Tax Appellate Tribunal - Kolkata)

                  For clarif

Capt. A.L. Fernandes vs ITO on 19 December, 2001 (Bombay High Court)

For clarification, call us on +91 98307 56567 email us       &nbs

Arvind Singh Chauhan, Gwalior vs Assessee on 11 February, 2014 (Income Tax Appellate Tribunal - Agra)

Commissioner Of Income-Tax, ... vs L. W. Russel on 1 April, 1964 (Supreme COurt of India)

For clarification, call us on +91 98307 56567 email us       &nbs

Abdul Razak vs Union Of India on 1 June, 2011 (Kerala High Court)

For clarification, call us on +91 98307 56567 email us       &nbs

Section 5 of Income Tax Act –Scope of Total Income

For clarification, call us on +91 98307 56567 email us       &nbs

11 Common Mistakes In Filing Of Income Tax Return

    In case the computation of income or refund is different

An APPEAL to the Hon’ble Finance Minister (FM), for announcing a ‘COVID Tax Relief’ for ‘Seafarers & NRI’s for FY 20-21 (AY21-22)’

   APPEAL to Hon’ble FM   for Covid Tax Relief to

DON'T pay TAX for FY 19-20 & FY 20-21 @ Seafarers (December 2020)

Form 15CA: A Quick Guide on Declaration of Remitter

Form 15CA: A Quick Guide on Declaration of Remitter While making foreign remi

Form 15CB: A Quick Guide on CPA/CA Certification for Transferring Funds out of India

Form 15CB: A Quick Guide on CPA/CA Certification for Transferring Funds out of I

Seven ways to tackle Tax Notices @ Tax Assist - Alfred Jordan

7 Necessary Steps to Tackle Tax Notices being sent in 2022 to Seafarers & NR