Business Accounting and Taxation

As lot of tax payers have grievances which require redressal I have given below new initiative of CBDT to redress by email:- DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Centre, Ground Floor,...

As per new finance act it is mandatory to deduct TDS from the freight amount payable to Truckwala if he fails to submit declaration that he is not holding more than 10 trucks.. Here is few query i...

The following press release may be of interest to tax payers who are claiming deduction u/s 80DDB of income tax act, 1961 as CBDT has removed the requirement for taking approval only from specialis...

Miracles may happen, yet recent economic history doesn’t have enough evidence to support the perception that an economy can quickly obtain a high growth trajectory simply by altering its indi...

It is supposed to be Sep 30th. Are there any plans from the Govt to extend it?

My husband is raising some capital for his company here in Delhi. The investment partners who are putting in some capital for equity, want a seperate right (in addition to current round) to be able...

I am a proprieter. Business was closed 1 year back. Now i want to surrender TIN. What is the process ? Can i surrender TIN online ?

In one of the latest circular the Central Board of Direct taxes has offered has offered rewards to the informants leading to Tax recovery from the defaulters . The informants will be entitled to a...

I have billed order for power adapters from a supplier JD Power Solutions. I was cheated on quality of the product. Also, the supplier sent me only half the quantity of the total order. What is the...

CBDT notifies new ITR forms 3, 4, 5, 6 & 7 vide Notification No. 61/2005 dated 29/07/2015 for the Assessment Year 2015-16. E-filing of ITRs 3, 4, 5 and 7 will be enabled shortly. E-...