Tags » Income Tax Act

New income declaration scheme explained

Evasion of taxes deprives the nation of critical resources which could enable the Government to undertake anti-poverty and development programmes. It also puts a disproportionate burden on the honest taxpayers who have to bear the brunt of higher taxes to make up for the revenue leakage. 99 more words

DEMONETISATION

Full text of govt's I-T Amendment Bill

Evasion of taxes deprives the nation of critical resources which could enable the Government to undertake anti-poverty and development programmes. It also puts a disproportionate burden on the honest taxpayers who have to bear the brunt of higher… 107 more words

DEMONETISATION

Second reading of the Income Tax (Amendment No. 3) Bill 2016

11 November 2016

The Income Tax (Amendment No. 3) Bill 2016 (Bill) was read for the second time by the Senior Minister of State for Finance and Law, Ms Indranee Rajah in Parliament on 10 November 2016. 252 more words

Latest Tax News

Structure of the Income Tax Act

The Income Tax Act (Canada) is arranged in a manner that is not particularly logical. It is a culmination of additions and deletions by different legislators over many years. 414 more words

Income Tax Act

SEARCH AND SEIZURE

“If you go through this door now without revising Section 132 you’re walking into a wall of trouble…………… You understand ?”

“Yes  I do”

“Good !!” 1,230 more words

ARTICLES

Income Tax Return AY 2016-17

Due Date for filing Income Tax Return is 31st July, 2016 for Individuals, HUFs and Firms (Except those who needs to get their accounts audited under Income tax Act, 1961)

Income Tax Act

Interpretation of – Taxing Statute

It is trite that the letter of law has to be accorded utmost respect and strictly adhered to especially while interpreting a taxing statute. There ought not exist any scope for impregnating the interpretation by reading equity into taxing statutes. 129 more words