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.

Disallowance under section 14A should not exceed tax on Exempt Income – ICAI

Disallowance under section 14A should not exceed tax on Exempt Income – ICAI ICAI Suggestion on Disallowance of expenditure incurred in relation to income not includible in total income under section 14A of the Act: As per the existing provisions of section 14A of the Act, no deduction shall be allowed in respect of expenditure […]

Contact Details must be updated by assessee in Income Tax E-Filing Portal

Contact Details must be updated by assessee in Income Tax E-Filing Portal Important announcement regarding updation of contact details in e-Filing Portal must be updated by an assessee – PINs Validation extended up to 24 hours – (Updated on 27.06.2014)Income-Tax Department uses the registered contact details (Mobile number & E-mail ID) for all communications related […]

How to fight with problem of restricted use of email ID on IT E-filing Website

How to fight with problem of restricted use of email ID on IT E-filing Website Assessee is compulsorily required to get its email ID and password registered at incometaxindia.gov.in. Further, maximum permissible usage of each of them is 4 times only. We know that most of the assessees in India do not have email ID. […]

Save taxes while applying for an education loan

Save taxes while applying for an education loan The admission fee for higher studies is usually not a small amount and many parents and students find it difficult to arrange for it. Thankfully education loans are available in such situations that enable students to pursue their higher studies smoothly. Additionally, one can also save on […]