Tag archive for ‘Tax’
By Loknath Das On Thursday, August 2nd, 2018
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Types of income tax notices and penalties for various offences

Identify your potential Audience with Native AdsSponsored by Colombia Section 131(1A) & Section 133A An individual can receive a tax notice for a variety of reasons. Here is what the notices under different More...

By Loknath Das On Thursday, August 2nd, 2018
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Red flags to avoid while filing income tax return

These mistakes will alert the taxman Here’s a list of seven red flags you need to avoid while filing your income tax return (ITR). These discrepancies in your tax return can alert the I-T department and More...

By Loknath Das On Thursday, August 2nd, 2018
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ITR filing: 10 things about income tax return you probably didn’t know

Income Tax Return filing: It is mandatory for an Individual to furnish the details of his assets and liabilities in the income-tax return if his income exceeds Rs 50 lakh. We generally exercise due care while More...

By Loknath Das On Monday, July 9th, 2018
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CBI looks for banking, tax experts to help probe into multi-crore scams

Some former top RBI officials are also under the scanner of the CBI for alleged financial frauds. NEW DELHI: The Central Bureau of Investigation (CBI), which is probing the over Rs 13,000 crore Punjab National More...

By Loknath Das On Wednesday, June 13th, 2018
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Planning to take interest-free loan from your employer? Now pay income tax on it

The employee who receives an interest-free loan must ensure that his employer deducts TDS on the total salary income, including the perquisite value of such a loan. Getting interest-free loans from employers More...

By Loknath Das On Wednesday, June 13th, 2018
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Two Days Left To Pay First Instalment Of Advance Income Tax

Advance tax deadline: Quoting of your PAN is mandatory while filing income tax returns. June 15 is the last date to pay the first instalment of advance income tax. Days ahead of the advance income tax deadline, More...

By Loknath Das On Saturday, June 2nd, 2018
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All Seven Forms Of Income Tax Return Uploaded For E-filing. What Are These Forms. Details Here

The ITR-2 form is used by individuals and Hindu Undivided families (HUFs) HIGHLIGHTS Seven types of ITR forms applicable to different assessees Last date to file income tax return is July 3 Taxman started More...

By Loknath Das On Saturday, June 2nd, 2018
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Fire breaks out at Income Tax office in Mumbai’s Scindia House

Firefighters try to douse a fire which broke out at Scindia House building in South Mumbai on Friday. (PTI) MUMBAI: A fire broke out in the Income Tax office in South Mumbai on Friday, but no casualties were reported, More...

By Loknath Das On Saturday, June 2nd, 2018
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Be An Informer For Income Tax Department; Earn Up To Rs. 5 Crore

The reward scheme is aimed at encouraging people to give info on benami transactions (Representational) NEW DELHI:  Sharing “specific information” with the income tax department about any benami transaction More...

By Loknath Das On Tuesday, April 17th, 2018
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Bitcoin traders are banking on a big rebound once Tax Day passes

Bitcoin prices were lower Monday ahead of the much-anticipated tax deadline, which bullish pundits say has been holding back the digital currency this year. The cryptocurrency was trading near $8,025.55 as of More...