Investments – Tax Planning – upto Rs. 1,00,000 Nature of Payment Life insurance premium (including payment made by govt. employees
Read MoreIncomes deemed to accrue or arise in India: Certain types of income are deemed to accrue or arise in India
Read MoreIncome Tax Meaning of Assessment year and Previous year: Assessment year means a period of 12 months commencing from April
Read MoreResidential status: The incidence of tax on any assessee depends upon his residential status. For all purpose of income tax,
Read MoreIncome Tax – Capital Gains Asset Acquired From Previous owner Base Year for Indexation Purposes R. S. Kohil Base year
Read MoreDisallowance under section 40A(3) Cash deposited in bank account of supplier Cash deposited directly in bank account of supplier by
Read MoreINVESTMENTS – TAX PLANNING A wise investment will not only lessen the tax burden but also give some good returns
Read MoreDescription: Assessee’s entire income subject to TDS, no liability to pay interest under section234B-Recent judgment to Full Bench of Uttarakhand
Read MoreDescription: Leviability of section 234B – Interest where no TDS by Payer – Inspite of liability Regarding Arundhati Kulshreshtha A
Read MoreDescription: In Gouli Mahadevappa v.ITO (2011) 9 ITR (Trib) 129 (Bang.) The tribunal held that the computation under section 48
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