Under Which Head Rent For Alternative Accommodation Paid By Builder Taxable?

I am a person resident in India. I own two residential houses. One building in which I have house has gone for re-development and the Builder have paid me Rent for Temporary Alternative Accommodation. I am residing in my another house and hence I have not incurred any amount for Rent.
I want to know [...]

What Should Be Done In Case TDS Certificate Is Not Issued?

There is a general grievance that in many cases the tax deductors do not issue TDS certificate despite the fact that many reminders are given by the deductees for such issue of certificates. Here is, what one should do in case of non issuance of TDS certificate

Check that tax was actually deducted. In case there [...]

Can Employer Decline To Issue Form 16?

Can we tell employees that from 16 cannot be issued for whom tax has not been deducted at source, since they don’t fall under Income tax bracket. Karnam Niranjan Prasad, Banglore
Confusion arises among employees regarding Form 16 is on following grounds :

That they think Form 16 is a salary certificate.
That income tax Return can not [...]

Who Can Sign Income Tax Return?

Everybody knows that he can sign return for his own return of income. However, there may be varied circumstances , when the person whose return is to be filed is not present in India or unable to sign the return for any reason section 140 of the I T Act provides for different circumstances under [...]

How To Search For Case Laws, Circulars On Income Tax , Service Tax For Free?

Now you can search for case laws i.e courts and tribunal decision and circulars and even this blog by typing the relevant term or word and searching all the laws simultaneously. It is better toy try!

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Can Cancer Patient Get Income Tax Relief U/s 80DDB Despite Insurance Claim?

I am undergoing treatment for Cancer currently. Although these expenses are covered under my insurance policy, there is some parallel treatment recommended as preventive measures to control the spread of this disease. Since the parallel treatment (ovarian ablation and IVF treatment) is not covered in my insurance policy, I would have to shell out approximately [...]

Online Payment Of Tax Without Having A Bank Account Possible Now!

A news you can use
Confusion regarding the e-payment of tax has been cleared by CBDT through its circular no 5/2008 dated 14/7/2008 by which it has been stated that

A person can pay tax from any one’s bank account.
TDS/TCS are also covered in the word “tax” for online payment.

Relevant extract from circular is as under [...]

Is Leave Encashment Taxable ?

I have changed my job recently and shifted from Chennai to Hyderabad. In have joined new company in the month of Feb 2008.My previous company has paid for the balance earned leave as leave encashement (Rs. 153,000) and added in to my total salary and deducted the tax. Is it taxable or exempted? If exempted [...]

Don’t Attach TDS / TCS Certificate With Return!

A News You Can Use.
CBDT has issued a circular to mitigate the problem faced by tax payers while filing return . That the Return is annexure less was made clear earlier , however because of an amendment in section 139(9) , it was amended that the TDS/TCS certificate should be attached with the return. This [...]

8 Answers You Must Know To Claim Deduction For Medical Insurance!

Hello, My question is regarding the Deduction under section 80D for Premium paid on Medical Insurance. I work for an IT company, and the company has a tie up with a health insurance company to provide coverage for me, wife and kids, the premium for which is paid by the company. But I have taken [...]

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