Types of assessment and time limits for completion of assessments

Intimation u/s 143(1) of the IT ActThe tax returns filed with the income tax department are processed to determine the

Tax sleuths join Sathyam probe

The income tax department has joined the various other agencies in forming a special team to probe the affairs in Satya

Failure to remit tax will invite prosecution: IT dept

Noticing instances of non-remittance of Tax Deducted at Source (TDS), the Income Tax department on Thursday said that a

Budget 2007 Update

BASIC EXEMPTIONThe small service provider exemption is increased to Rs.8 lakhs from Rs.4 lakhs. About two lakh service

Four million private PF subscribers may lose tax benefits

Over four mn employees affiliated to over 2,500 private provident funds face the threat of losing income tax benefits o

Double Taxation

One of the important terms that occurs in all the Double Taxation Avoidance Agreements is the term 'Permanent Establish