Income Tax

Savvy Midha

19 Sep, 2019

Income Tax Act, 1961 contains various provisions relating to penalties, fines & interest besides taxation of a taxpayer. Thus, for penalizing the defau...

Savvy Midha

19 Sep, 2019

Introduction In the present era of globalization, there are minimal restrictions on the boundaries for business and their transactions.  Businesses ar...

Savvy Midha

19 Sep, 2019

Section 194-I of the Income Tax Act, 1961 was inserted vide Finance Act, 1994 for the imposition of tax on rent paid or payable by an assessee. This sectio...

Akash Dubey

26 Nov, 2019

Introduction The tax regime of every country is an integral component of its economy since it is one of the primary sources of government funding. In India...

Savvy Midha

24 Sep, 2019

Income Tax Act, 1961 includes the provisions for taxation of any kind of income earned by an individual. Major heads for the categories of income for tax a...

Savvy Midha

24 Sep, 2019

Salaried employees are inquired for their investment details of any kind at the start of every financial year by their employer. TDS on Salary is deducted...

Narendra Kumar

30 Aug, 2019

In case of “Atin Krishna V. Union of India”,at the arrival and departure terminals of international airports the sale or supply of goods at the Duty-Fr...

Akash Dubey

26 Aug, 2019

The Finance Minister notified critical policy updates of India in a recently held press conference. The press conference held as on Friday, August 23, 2019...