Form 15G : Can Trust , AOP , Educational Institution or Cooperative Society Submit Declaration u/s 197A?

Form 15G : Can Trust , AOP , Educational Institution or Cooperative Society Submit Declaration u/s 197A?
While everyone is clear about the Individual who , if the total income is less than maximum exempt from tax for the concerned previous year , can submit a declaration in Form 15G or 15 H to the payer of interest .Earlier , this site posted that HUF can file Form 15G , even the question that "can co-operative soceity submit Form 15G ? was answered. (more…)

10 Investments That Can’t Be Attached by ITO or TRO!

10 Investments That Can’t Be Attached by  ITO or TRO!
When any tax is raised by an income tax authority  , the usual payment time allowed to assessee is thirty days from service of the demand notice. The  assessing officer or if the demand has become old and referred to Tax Recovery Officer, quite often threaten assessee through their A.r or counsel that assests like bank accounts or land or FD may be attached for recovery of demand  . There are many reported instances in which , the tax

12 Deductions if You Forgot to Claim in the Tax Return , Will Be Lost Forever !

12 Deductions if You Forgot to Claim in the Tax Return , Will Be Lost Forever !
The tax return filing season has arrived, therefore; it is important to remind taxpayers who are thinking to claim certain deductions, that if they do not claim these deductions in return of income, you are losing the claim forever. Thus, it is important to give not only  give attention to income tax return filing but also claim deductions for which one is eligible for.This article informs readers  about four exemptions and  twelve types of deductions that can be claimed

Service Tax Commissioner Caught Red Handed , Arrested by CBI

The CBI on Saturday caught red-handed Service Tax Commissioner of Haldia port, G Shree Harsh, while accepting a bribe of Rs 5 lakh  , allegedly the last installment of 20 Lakhs bribe  - from a company engaged in loading and offloading of cargo in his Kolkata residence.Following a tip-off, a CBI team raided Harsh’s residence and arrested him. Nr Harsh, is a 1990-batch officer of Customs and Central Excise . (more…)