Tag Archives: Income Tax updates

Revised PAN Application form for “Mothers name on PAN card”

Revised PAN Application form for “Mothers name on PAN card” CBDT has revised PAN Application form 49A and 49AA wef from 16.05.2014 vide its notification no. 26/2014 , Dated- 16-5-2014. Revised Form 49A and 49AA provides option to get printed Mothers Name on PAN card. So those applying for New PAN card or for revised […]

Creation Hindu Undivided Family (HUF) Under Income Tax Act,1961

Creation Hindu Undivided Family (HUF) Under Income Tax Act,1961 HUF is beneficial to those peoples who wants to save tax through creation of HUF .following are the ways by one can save by creation of HUF .But till now many people are very confused about the way to create the huf ,Here are the many […]

Interest u/s 234A, 234B, 234C on income tax payable

Interest u/s 234A, 234B, 234C on income tax payable Failing in discipline of filing income tax return will be liable to you file additional penalties on the amount due. However, there are many of the issues that can result in failure of tax deposits. These issues can be related to individuals or companies. For companies, […]

File your Return in time if not yet?File it now

File your Return in time if not yet ? File it now If you did not file your taxable tax return or loss return till now file it,because the financial implication may imposed on you ,it may be impact on your financials like penalty,interest and carry forward of losss.Individuals primarily with salary income and certain […]

Is Section 54F can be allowed if construction was not complete in all respects within stipulated period

Is Section 54F can be allowed if construction was not complete in all respects within stipulated period It is clear from the order of the CIT(A) that the assessee had commenced construction of the building within a period of three years from the date on which the property on the transfer of which capital gain […]