13 FAQs on Dispute Resolution Scheme 2016

Dispute Resolution Scheme 2016 has been made effective from 1st June 2016 is for the [...]

Limited Scrutiny : Power of A.O Curtailed . Here Are 5 Things Every Taxpayer Needs to Know to Get its Benefit

Have you noticed words Limited Scrutiny on the notice for scrutiny received by you ? [...]

Naming & Shaming May Not Work! But One Unheard of Power with CCIT Can Do Wonders to Recover the Outstanding Tax

This post is being written after reading a news in yesterday’s edition of Times of [...]

Filing of Online Form 61 for March ’16 Quarter Extended !

Rules 114B, 114C and Rule 114D of the Income-tax Rules, 1962 ( the Rules) were [...]

Finance Bill 2016 : 12 Changes in Original Proposals That Got Passed by the Parliament !

Both the Lok Sabha & Rajya Sabha now passed  the Finance Bill 2016 . What is [...]

India Withdraws Capital Gain Exemption Allowed to Singapore Residents !

Are you thinking that there is some error in the headline ? or Maybe thinking that [...]

Circular on Section 119(2)|(b) – CONDONATION OF DELAY IN FILING REFUND CLAIM AND CLAIM OF CARRY FORWARD LOSSES UNDER SECTION 119(2)(b)

C OF THE INCOME-TAX ACT, 1961 – INCOME-TAX AUTHORITIES – INSTRUCTIONS TO SUBORDINATE AUTHORITIES – [...]

Salary Earned Abroad Not Taxable in India Even if Received in India !

For quite long time , the tax department was confused about the taxation of salary [...]

Company Can Receive Gifts Other Than Share Without Any Tax Implication !

A company raises funds primarily by issue of shares or accepting  loans  from various parties. [...]

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