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Now Firms too can e-verify their income tax return

  • May 27, 2016

E-verification of income tax returns has its merits. There is no need to send physical ITR-V and you are a step closer to your final return processing. Your refunds may be processed faster, as there is no lag in verification from your side. Time may be lo...

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4 month window to declare your undisclosed income

  • May 27, 2016

Modi government has been under immense pressure to implement its poll promise of going after ‘kaala dhan’. With this purpose, first it launched the undisclosed foreign income and assets scheme, which saw a muted response. Now the government has announ...

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Advance Tax Liability For The A.Y. 2017-18

  • May 27, 2016

Union Budget 2016 proposed Advance Tax Liability for the A.Y. 2017-18 (a) Section 211(1) is amended to provide that advance tax will be paid in four installments of 15%, 45%, 75% and 100% of tax payable on the current income by 15th June, 15th September, ...

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