Skip to main content

Posts

Featured

Income Tax Return Filing

Who should file Return? Every individual has to file the return of income if his total income (including income of any other person in respect of which he is assessable) without giving effect to the provisions of section 10(38), 10A, 10B or 10BA or Chapter VIA (i.e., deduction under section 80C to section 80U), exceeds the maximum amount which is not chargeable to tax i.e. exceeds the exemption limit. Section 10(38) deals with exemption of "Any income arising on transfer of Long Term Capital Asset" Section 10A, 10B, 10BA deals with "exemption under special provisions" Chapter VIA deals with "Allowable Deductions from Total Income"

Latest posts

The major chronological events that have led to the introduction of GST

Taxes at the Centre and State level that are being subsumed into GST

GST - A Brief Explanation

Quick Glance at GST Rates 2017

Migration of Existing Taxpayers to GST Regime

GST - ICAI Indirect Tax Committee Publications

Section 80D of Income Tax Act, 1961

Universal Basic Income may be launched as a pilot: Arun Jaitley

New section 269ST

HSBC, ICIJ list: I-T dept detects Rs 16,200 crore Black Money