Tag Archives: Income Tax updates

Insolvency Professionals – A New Professional Horizon

Insolvency Professionals – A New Professional Horizon
The Insolvency and Bankruptcy Code 2016 has been introduced with an objective to regularize the process of insolvency and bankruptcy of all persons including corporates, LLP’s, partnerships &

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Presumptive income scheme for professionals

Presumptive income scheme for professionals
The Finance Act 2016 has introduced a new presumptive income scheme for professionals by inserting a new section 44ADA into the Income Tax Act, 1961. The new section has come

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Now you can get PAN and TAN numbers in just 1 day

Now you can get PAN and TAN numbers in just 1 day
To improve the Ease of Doing Business for new corporates, Central Board of Direct Taxes (CBDT) has tied up with Ministry of Corporate

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Government has simplifies ITR forms to be less painful to Filing tax returns

Government has simplifies ITR forms to be less painful to Filing tax returns
Income tax form for salaried person will be introduced from April 1, doing away with some columns to simplify the filing of

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Ten most important changes in Income­ tax which will apply from 1st April 2017

Ten most important changes in Income­ tax  which will apply from 1st April 2017
With the passage of the Finance Bill on Wednesday, the Lok Sabha has completed the budgetary exercise for 2017­-18. The tax

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Ind AS40 : Investment Property

Ind AS40 : Investment Property
An investment in property is a real estate property that has been purchased with the intention of earning a return on the investment either through rent or resale of the

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