Income tax Exemption gives full or partial exemption from income tax. Income tax in India is Governed by income tax Act, 1961. Many of us get confused between tax exemptions and tax deductions. Tax exemptions are given on Income for which a … [Read more...]
BEPS : Base Erosion and Profit Shifting in India
BEPS stands for Base Erosion and Profit Shifting. BEPS are the guidelines issued by the organization of Economic Co-operation and Development (OECD) on putting a check on the foul play made by various multinational companies to avoid tax on the … [Read more...]
UTI Pan Card Status, Application & Correction
Are you here to check the UTI PAN card status? You are at right place. NSDL and UTI are authorized to Provide online and offline PAN card services in India. PAN card can be applied through any one of them. They both receive applications; … [Read more...]
Direct Indirect Tax: Difference and Types
Taxes are source of revenue for government by which they do all types of development work. So if anybody earns an income, he should share a portion of the same with the government. In India, taxes are divided in Direct Indirect Tax. The way in which … [Read more...]
Budget 2016 -2017: Highlights of Changes in Direct & Indirect Taxes
Budget 2016 – 2017 have been presented on parliament on 29th Feb 2016. This Union Budget 2016-2017 will be applicable for financial year 2016-17. So any changes in direct and Indirect taxes made in budget 2016-17 will be applicable for financial … [Read more...]
Black Money Blocked by Section 56(2)(viib)
Black money became the most interested topic of discussion for all Indians when NDA government came to the power with the promise of bring back all black money hidden abroad. The promise is yet to be fulfilled. But do you know, the black money … [Read more...]
PAN Card Correction In 8 Easy Steps
Pan Card Correction is no more complex and difficult. As I had stated in my earlier post “how to apply PAN card online” that the process of online application is easy and simple and I assure that same is the case with Pan Card Correction … [Read more...]
PAN Card Details |Know Facts And Myths
Knowing PAN card details are vital if you are a tax payer. Do you know PAN card was started in India way back in 1990s. Since then a lot of change has been carried out to its physical appearance and applicability. PAN card has very important role … [Read more...]
Tax Refund Status: Check It Now
Most of the taxpayers will be waiting for the income tax refund, but do you know, you can check tax refund status online ? Yes You can check tax refund status online. The main reason of income tax refund is excess TDS deducted by the deductor … [Read more...]
Section 143(1) of Income Tax | How to Deal with it
Have you received your income tax intimation under section 143(1) ? Don’t panic if you have not received it yet. Check your registered mail ID or login in the income tax website to check the status of your income tax return, where you can download … [Read more...]