Possible Tax Benefits of Health Insurance The increased incidence of lifestyle-related diseases and the spiraling costs of healthcare has made it necessary for people to get health insurance coverage. You can get yourself and your family, which includes your spouse, children, parents, and other dependents, covered under health insurance. If you or members of your […]
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.
Black Money Act Applicable from 1st April 2016 The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 deals with the problem of black money i.e. undisclosed foreign income & assets, procedure for dealing with such income and assets and to provide for imposition of tax on any undisclosed foreign income […]
Startups (Glimpse of Startup India Action Plan 2016 – Govt Initiative) This write up is to drive away some of the hot topic regarding one month old Government Initiative drive/ Policy “START UP INDIA ACTION PLAN 2016”, initiative led by Honble Prime Minister Shri Narendra Modi. This write up deals with What is start up? […]
Brokerage expenses not allowed against income from house property Citation of the Case: M/s. Radiant Premises Pvt. Ltd. vs. ACIT (ITAT Mumbai), ITA No.5494/Mum/2013, AY 2010-2011, and Date of Judgment: 05/06/2015 Brief of the Case ITAT Mumbai held In the case of M/s. Radiant Premises Pvt. Ltd. vs. ACIT that the phrase rent received and […]
Interest on TDS deduction default not sustainable, where tax liability of deductor is NIL Citation of the Case: M/s. Anusha Investments Ltd. vs. ITO (Madras High Court), T.C.A. No: 398 of 2007, AY 2002-03, Date of Judgment: 14/07/2015 Brief of the Case Madras High Court held In the case of M/s. Anusha Investments Ltd. vs. […]