Form 15CA & 15CB- New Rules The new rules for preparation, filing/ issuing forms 15CA and 15CB are effective from 01st April’2016.With these new rules coming into effect significant changes have come into effect for furnishing forms 15CA & 15CB.Some of the key changes for furnishing form 15CA & 15CB that have come into effect […]
Category Archives: Income Tax
Income Tax is the tax which directly levy on income of any personal.Central Board of Direct tax manage all the things related Direct Tax.
Falling in Interest rate Interest and return on investments (For e.g. Fixed Deposit, Property and other investment tools) are continuously falling. But on the other hand, The return i.e. interest rate on Public Provident Fund, Kisan Vikas Patra, National Saving Scheme, Senior Citizen Saving Scheme is quite higher as compared to other market investment options.
Daughters right in ancestral property The first question after the Supreme Court recent ruling in Prakash & Ors v. Phulavati & Ors, rendered on 16 October 2015 comes to everyone’s mind is whether the Supreme Court is right in giving the ruling or not, but what matters now is not whether the Supreme Court is […]
Income tax department has started sending notices to non-filers for the assessment year 2013-14 & onwards Income tax department has started sending notices to non-filers for the assessment year 2013-14 & onwards & are also using the said information to verify under-reporting of income
Presumptive Taxation of Business: Analysis of Amendments Section 44AD widely affects the businesses in small sector. It was brought in its present shape by Finance Act 2009 wef AY 2011-12. It implies that legislature at that time thought it fit to take a year extra to have impact study of the section. However section 44AD […]