Have you paid tax on your interest income?

Preparing to file your tax return? Make sure you have included all the interest income earned during the year. Although

How Oberoi can revamp income and investments to cut tax by over Rs 1 lakh

By Sudhir Kaushik, Taxspanner.com Rishi Oberoi, 40, has an annual pay package of over Rs 46 lakh but almost 13% of this

Cleared all your income tax dues? Only two days left to avoid penalty

BENGALURU: Have you received a notice from the I-T department seeking explanations on your previous year income that yo

Taxation of income from sale of listed shares: CBDT circular to reduce disputes

A recent circular from the CBDT allowing tax payers to decide whether their gains/losses from sale of listed shares/sec

ITR Form: Experts call for more details on asset disclosure

NEW DELHI: People earning more than Rs 50 lakh will find it challenging to declare cost of inherited properties and gif

ITR asset disclosure norm to affect 1.5 lakh ultra rich: Hasmukh Adhia

NEW DELHI: The new income tax return form requiring assessees earning more than Rs 50 lakh per annum to disclose assets

Simplification and rationalisation of provisions relating to taxation of unrealised rent and arrears of rent

Existing provisions of sections 25A, 25AA and 25B relate to special provisions on taxation of unrealised rent allowed a

Clarification regarding the definition of the term ‘unlisted securities’ for the purpose of Section 112 (1) (c)

Existing provisions of clause (c) of sub-section (1) of section 112 provide tax rate of ten per cent for long-term capi

Rationalisation of penalty provisions

Under the existing provisions, penalty on account of concealment of particulars of income or furnishing inaccurate pa

Immunity from penalty and prosecution in certain cases by inserting new section 270AA

It is proposed to provide that an assessee may make an application to the Assessing Officer for grant of immunity from

CBDT notifies new ITR forms for AY 2016-17

GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUE[CENTRAL BOARD OF DIRECT TAXES]NOTIFICATIONNew Delhi, the 30

CBDT identifies taxpayers against whom prosecution proceeding could be initiated for non-filing of return

SECTION 276CC OF THE INCOME-TAX ACT, 1961 - OFFENCES AND PROSECUTION - RETURNS OF INCOME, FAILURE TO FURNISH - POTENTI