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. […]
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.
5 Investment Options: The Road to a Tax-Free Retirement When Frank Sinatara sang “Fly me to the moon, let me play among the stars, let me see what spring is like on a, Jupiter and Mars,” he probably wasn’t thinking that soon we human beings would actually think to live on the moon. Although, that […]
The Definitive Guide to Why You Need Health Insurance With the rise of growing health care sector and the technology it has developed, the health care has become increasingly expensive. An average lower-middle-class man might just find himself in the midst of the most terrible crisis in case he faces a situation where he has […]
Budget 2016: Expectations from the Finance Minister Come the budget season and the Finance Minister becomes Santa Clause. Everyone expects him to bring in some goodies. I also expect this Santa Clause to correct some anomaly in the income tax law and hand some goodies to the “Aam Admi” Let us discuss my wish list. […]
Why people should invest in ELSS in 2016 ELSS is one of the fancy products nowadays. More and more people are choosing ELSS and most of tax saver funds are getting overwhelming response. There are certain factors who have make it the best product among the all tax saving products