To guard against a further increase in bad loans, banks are planning to dig deeper when it comes to loan appraisals by tapping the database
Category: Income Tax
Opting for presumptive tax scheme? Here’s what to look out for – The Financial Express
Another drawback in these presumptive taxations in the case of partnership firms is that partners’ interest and salary are not allowed as deduction. Once a
Tax talk: Know how rent-free accommodation is taxed – The Financial Express
Valuation of rent-free accommodation (RFA) has been specified under Rule 3 of the Income Tax Rules. Valuation of rent-free accommodation (RFA) has been specified under
Company secy not required to disclose non-filing of previous year’s annual return: Court – The Economic Times
“The law only provides for declaration of the forms and returns as filed by the company and it does not provide any format for indicating
ITR filing forms updated: Latest ITR forms ask for more income details: Here’s how to get them–Economic Times
The new version of ITR form asks you to provide separately details of interest income. After revising the e-ITR forms on August 1 after extending
Big demonetisation impact! Income tax bonanza as lakhs of high net worth non-filers pay this whopping amount – The Financial Express
After demonetisation, a total of 3.04 lakh high-net-worth non-filers came under the scrutiny of the Income Tax Department for depositing more than Rs 10 lakh
The result of Dilip Kumar judgment is the assessee will end up paying for the ambiguity created by the Revenue – The Financial Express
In case of such ambiguity ‘close reasoning’ will be employed—but without stretching the language to arrive at the only reasonable construction. In a judgment with
NRI buying or selling house, land or property? Tax rules for investment in real estate by non-resident Indians – The Financial Express
NRIs will be liable to pay tax on rental income received from a property located in India. Investments in immovable property or the real estate
In tax dispute cases, pay less to get a stay – The Hindu BusinessLine
Getting a stay on proceedings in the event of a tax dispute could cost less now. The Supreme Court has ruled that in case of
With Sahaj and Sugam forms, GST is getting easier | Deccan Herald
The introduction of GST has slightly dampened the ‘brand value’ of other taxes such as Income Tax. This can be attributed to the fact that
Tax Alerts – The Hindu BusinessLine
The Ministry of Corporate Affairs has made it mandatory for all directors to fulfil KYC obligations through a specific form called DIR-3 KYC. The form
income tax return Information of income tax return | कर-बोध : विवरणपत्र मुदतीत भरले नाही.. | Loksatta
तरी ही गोष्ट शक्य आहे! प्रवीण देशपांडे * प्रश्न : मी नोव्हेंबर २०१५ मध्ये एक घर विकले होते आणि या विक्रीवर मला ३२,५०,००० रुपये इतका दीर्घ
More reform, fewer taxes can curb black money | analysis | Hindustan Times
Illicit money may now be shifting from Switzerland to elsewhere rather than going down. Data on this is hard to come by since many banks
Income Tax return: Know who can opt for presumptive taxation scheme – The Financial Express
The deadline to file ITR for the financial year 2017-18 has been extended to August 31, 2018. It’s that time of the year when individual
CBDT expands scope of tax audit process – The Financial Express
One of the amendments requires reporting on separate expenditure incurred on entities registered under the GST and those that are outside the ambit. The Central
CBDT’s decision to not pursue cases below Rs 2 mn may cost govt Rs 100 bn | Business Standard News
The Central Board of Direct Taxes’ (CBDT’s) decision to not pursue pending cases of income tax (I-T) demand below Rs 2 million could deprive the
5 confusing pairs of income tax terms – The Economic Times
Form 16 lists the total salary received and the taxable income arrived at after relevant exemptions and deductions. Do you know the difference between financial
Gift taxation | ITR: This year gifts have to be declared in ITR: Here’s how they are taxed
This article will talk about the how gifts are taxed in India and the related disclosure in the tax returns. By Sudhakar Sethuraman and Vibha
Have doubts with filing your income-tax returns? – Business Line
Income Tax e-filing: How to right a wrong return We answer a few basic questions that will help you go through the process in a
Taxability of the gifts you receive – Business Line
There is no separate law governing taxability of gifts in India A gift is generally understood to mean an item given voluntarily to someone without
aniltikotekar4sme.com 