Taxation

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Income Tax Taxation

Undisclosed Foreign Income and Assets

Foreign-Income

In the year 2015, the Government of India has passed act no. 22 of 2015 to deal with the problem of the Black Money that is undisclosed foreign income and....

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Income Tax Taxation

Hindu Undivided Family – A Way to Save Income Tax...

Save Income Tax

Country people are always been encourage with a number of benefits and awards to file and pay Income tax. After all, it is a small contribution of each peo...

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Income Tax Taxation

Income Tax Deduction for Medical Expenses

Medical Expenses

The provision of Income Tax has provided relief to its taxpayer in certain limit and condition for medical expenses incurred for them. It is pertinent to n...

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Income Tax Taxation

Difference Between PAN and TAN

PAN and TAN

What is PAN? PAN is the type of computer-based system which assigns a unique identification number to a taxpaying entity in India. PAN is shared across the...

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Taxation

Deduction from Salary

Salary

Are you a Salaried Person? If yes, now it’s time to know the deduction allowed by Salary. As the financial year 2017-18 is going to end on 31st March 201...

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Income Tax Taxation

TDS Exemption Certificate

TDS Exemption Certificate

Introduction Tax Deducted at Source, or TDS refers to the responsibility of withholding tax from payments made by one person to another. In accordance with...

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Income Tax Taxation

Penalty in Case of Misreporting of Income

Penalty

Income needs to be fairly disclosed to the Government to determine actual tax liability and to discharge the general liability of tax paying resident of In...

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Income Tax Taxation

Tax on Distributed Profit of Domestic Companies

Tax Distributed profit

Company registered under Companies Act, 2013/1956 operating and doing Tax Distributed profit business in India. Financial year consisting 1st April to 31st...

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