Transaction of which Income tax department collect information

The Hon'ble High Court of Delhi have passed order against CRL. M.C. 1821/2013 and CRL MC 1822/2013 with a view to ensure that the Metropolitan Magistrates dealing with the Complaint cases filed under section 138 read with Section 141 of the...

Income Tax Exemption under Section 10 of Income Tax Act, 1961

Section 10 and its subsections of Income Tax Act contains provisions related to income exempted from Income Tax, Eligible Assessee, Nature of income, Amount exempt and Conditions laid down for tax exemption...

Deductions allowed from Gross Total Income under Chapter VI A of Income Tax Act, 1961

Chapter VI A of Income Tax Act contains deductions from Gross Total Income. If the assess has no Gross Total Income, then no Deduction will be Permissible. Following are the summary of deductions allowed under chapter VI A...

Barter of Property -New Technique to lure property owners- Do it carefully else you may lose your property

Some Real Estate companies are using barter type deal to sell their product. They are offering assured return on investment for construction period, guarantee for lease after construction and many lucrative offers..

Assured Return with Lease Guarantee - New Technique to lure investors to invest in Real Estate- Beware, your money is being back in instalment as assured Return

New trend and technique to attract investors into Real Estate is by offering assured return for construction period, guarantee for lease after construction and many lucrative offers...

Free download of Income Tax Return Filing Official Software

Now it is compulsory to e-file Income tax return by the assesse who has income exceeding Rs. 5 lacs per Year. Number of assesses who file manual return will be limited as the tax payers who are coming under the income limit are compulsorily needs to file Income Tax returns online...

How to earn Tax free income? Incomes exempted from tax under Income Tax Act, 1961

Indian tax planners are working hard to introduce new taxes to retain the status "country of taxes". They have spared few tax free earning options for the assessee. Those who want to earn tax free income can chose these option..

Cheap and Best online Advertisement websites

Advertisement methods are changing rapidly and online advertisement is one of the most important tools for effective advertisements. According to the increase in the internet users, opportunities in online advertisement filed is also increasing...

Cardamom Plantation - The attractive agricultural profession with multiple benefits

Answer to the question of "most satisfactory profession" is agriculture for many Indians who love agriculture. Earlier it was a non profitable profession but now agriculture and business of agriculture products is profitable like any other business.

Black Pepper Plantation - Black gold a profitable agricultural product

Black Pepper Plantation is another attractive option in the field of agriculture. Small and big players are there in agriculture of Pepper.

Online Filing of Employees Provident Fund Organisation (EPFO) Return and Challan

Employees Provident Fund Organisation (EPFO) has introduced Electronic Challan Cum Return (ECR) for transparency, quality of service to employees, convenience and ease to employees.

Income Tax Rate in Spain for 2013 Personal Tax, Slabs and Exemptions

Income Tax Rate in Spain is one of the lowest rate of income tax in the World. Lowest Tax rate is 15.66% and highest rate is 27.13%....

Income Tax Rate in Switzerland for 2013 Personal Tax, Slabs and Exemptions, VAT Rate

Switzerland is one of the country in the world with lowest rate of income tax. There are are 10 slabs to calculate income tax. Lowest Tax rate is 0% and highest rate is 13.20%..

Taxes in New Zealand: Features and Tax Exemptions

Income Tax Rate in New Zealand for 2013 Personal Tax, Company Tax, Slabs and Exemptions

Income Tax Rate in Canada for 2013 Federal Tax Rate and Territorial/Provincial Tax Rates-Slab and Exemptions

Income Tax Rate in Australia for 2012 and 2011- Personal Tax Rate and Exemptions

Corporation Tax Rate in UK for 2014, 2013, 2012, 2011- Tax Table and Limits

Income Tax Rate in UK 2013, 2012, 2011- Personal Tax Rate and Exemptions

Income Allowances Table in UK 2013-14, 2012-13, 2011-12 Income Tax Exemptions

Income Tax Rate in USA 2013- Personal Tax Rate and Exemptions

Income Tax Rate in Singapore- Personal, Corporate and Foreigners

Taxation System in Singapore and Type of Taxes

Singapore is a country with steady growth and attractive destination for a comfortable living. There are only few types of taxes in Singapore...

Tax Deducted at Source (TDS) Rates from Financial Year 2013-14 (Assessment Year 2014-15)

Taxation of Charitable Trust, Society and Section 25 Company - Audit Requirement - Exemption-Filing Form No. 10

As per Section 2(15) of Income Tax Act, Charitable Purpose includes relief of the poor, education, medical relief and advancement of any object of general utility...

Income Tax Slab and Rates for Financial year 2013-14, Assessment Year 2014-15

Proposed Income tax slabs and Income tax rates as per budget

Income Tax Slab and Rates for Financial year 2012-13, Assessment Year 2013-14

Calculation of Income tax- Slabs and Income tax rates

Increasing beggars and sleeping administration- We don't know how many types of taxes we are paying, but where it goes?

In Indian streets we can see thousands of beggars wandering here and there for their lively hood. Some will be carrying an infant or child; other will have some injury or any other think to make feel other pity. Children are facing maximum cruelty from beggars and we have no time to react..

Common Mistakes while filing income tax return - Omitting bank interest, income, capital gain, Credit Card Spending, Cash deposit, Part of Income

At the time of filing income tax return we may think that everything is perfect. But there are different kinds of mistakes people commit while filing income tax return. It may be intentional for small benefit or un intentional mistake or omission...

Tax saving schemes and deductions available against investment

There are many options to save tax by investing in different schemes. The benefit is available under section 80-C and various other sections. Tax saving schemes is legal and any body can avail the facility...

Death Penalty or Capital Punishment - Right or wrong - The solution

Capital punishment is a matter of discussion for the last many years. 97 Countries in the world have abandoned death penalty due to religious or decision made upon equality...

Income Tax Assessment of Charitable Trust or Religious Institution; Concept of Income, Application, Setting Apart

Assessment of income of a religious or charitable trust is different from assessment of other entities. This is due to the provisions of Section 2(24)(ii) under which the voluntary contributions are also taken as income...

Penalty under Income Tax Act 1961: Sections 158BFA(2)221(1), 271(1)(b), 271(1)(c), 271(1)(d), 271(4), 271A, 271AA, 271AAA, 271B, 271C, 271CA, 271D, 271E, 271F, 271FA, 271FB, 271G, 272A(1), 272A(2), 272AA, 272B, 272BB

The Income tax department can levy penalty under different sections against offences or violations by the Assessee...

Public Provident Fund - PPF Account - Attractive Long Term Investment Choice; PPF account cannot be attached by decree of a Court

For tax saving and Investment with regular growth Public Provident Fund Account-PPF is a preferred investment choice. The following are the main benefits of investing in PPF Accounts...

Annual Return Form No. 20-B, 23AC, 23ACA, 66, 21A

Every Company incorporated under the Indian Companies Act, 1956 need to file Annual Returns, Forms and supporting documents with the Registrar of Companies in Electronic mode within the prescribed time...

NGO Registration in India - Registration of Charitable Trust, Society, Section 25 Company

A non profit or public charitable organisation can be registered in India as a Charitable Trust, Society, or Section 25 Non Profit company under Section 25 of Indian Companies Act, 1956...

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